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Superannuation

Real estate commissions better than advisers': REIA

ALEX DUNNIN  |  FRIDAY, 20 OCT 2006
The Real Estate Institute of Australia (REIA) has criticised financial advisers for charging commissions even though they imply real estate agents have very similar fee structures.

BT scores another TelstraSuper mandate

HAMISH MADDEN  |  THURSDAY, 19 OCT 2006
BT Financial Group has been awarded a $100 million concentrated Australian equities mandate from TelstraSuper.

Derivative Fitch rates structured products

Fitch Ratings has launched what it claims is the first ratings agency specialising in the global credit derivatives market, which is fast approaching the $44 trillion (US$33 trillion) mark thanks to the rising demand for structure products.

Government must intervene more to promote savings: CEDA

ALEX DUNNIN  |  THURSDAY, 19 OCT 2006
A leading Australian think tank has called for more interventionist government policy to ready us for the economic impacts of the ageing population.

More countries sign up for REITs

The US$1.03 trillion global real estate investment trust (REIT) sector is poised for further growth with UK and Germany setting up REIT-like investment structures next year and other countries such as Italy, Finland, Mexico and Spain considering it.

AFA launches its new website

HAMISH MADDEN  |  WEDNESDAY, 18 OCT 2006
The Association of Financial Advisers (AFA) has unveiled a new website with major restructuring and upgrades to better provide for member information needs.

Property promoter gets life ban and $1.1m penalty

Donald Maxwell, a promoter of illegal mezzanine fund schemes, has been ordered to pay $1.122 million in compensation and penalties and has been disqualified from providing financial services for life.

Compliance gets interactive: Vignette

Phone records, emails and reports are all great ways to keep up with compliance legislation but IT group Vignette has raised the bar by pushing web capture technology as a better alternative to monitor customer interaction and minimise fraud.

Contrarian managers make a comeback

KATE HAGE  |  WEDNESDAY, 18 OCT 2006
Active managers are falling behind their contrarian counterparts after Australian share managers turned in their worst quarterly performance since 1990, according to Intech Investment Consulting.

ASIC clearing guidlines will segment the service chain

KATE HAGE  |  WEDNESDAY, 18 OCT 2006
Superannuation clearing house providers will now have to provide employers with product disclosure statements (PDS) after a recent ASIC review found that they fall under the financial services licensing and Corporations Law disclosure provisions.