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Superannuation

Citigroup taps into migrant banking needs

Citigroup Australia's Global Transaction Services division has this week launched a new retail banking service that will provide low cost and secure remittance facilities for immigrants sending money back to their former home countries.

Oracle predicts more IT collaboration

Leading IT providers are more likely to succeed in business if they collaborate more and compete less with their peers, according to Oracle Australia's chief, Stephen Jack, after the group signed a landmark deal with IBM and i-flex.

Marketers urged to target over-50s

KATE HAGE  |  THURSDAY, 12 OCT 2006
Instead of chasing the fickle Generations X and Y, superannuation marketers could take their lead from an American marketing group urging businesses to turn their attention to a far wealthier and they say just as fickle demographic group, the over-50s.

Exotic and unequitable fees on the rise

KATE HAGE  |  THURSDAY, 12 OCT 2006
The increase of exotic long-short and absolute return funds has triggered a rise in steep and unequitable fee structures, a cause for concern for some research and ratings houses.

APRA to flex its muscle with outsourcing deals

WWW.THESHEET.COM  |  WEDNESDAY, 11 OCT 2006
Under the terms of new prudential guidelines, the Australian Prudential Regulation Authority (APRA) will have the power to conduct onsite inspections of companies undertaking outsourcing work for financial institutions under its supervision.

Zurich appoints Denning Pryce to manage new income fund

HAMISH MADDEN  |  WEDNESDAY, 11 OCT 2006
Zurich Financial Services Australia has announced the appointment of a specialist derivatives manager for its new income fund.

Lodestar absolute return fund awarded buy rating

KATE HAGE  |  WEDNESDAY, 11 OCT 2006
Research and ratings house InvestorWeb has given a 'buy' rating to the Lodestar Australian Absolute Return based on the "strong pedigree" of its investment team and their "disciplined" strategy.

Coin rolls out insurance in updated software

KATE HAGE  |  WEDNESDAY, 11 OCT 2006
Coin Software said that the take-up of its new integrated insurance product shows that advisers are aware of the underinsurance gap in Australia and are trying to address it.

China growth an uneven story: Keating

Former Prime Minister Paul Keating told SIBOS attendees yesterday that China is a "very mixed place in terms of prosperity and opportunity" and dispelled some easy truths about doing business in a region going through an unprecedented growth spurt.

Big banks pursue more exotic securitisation schemes

WWW.THESHEET.COM  |  WEDNESDAY, 11 OCT 2006
ANZ is to double its collateralised loan obligation (CLO) business volumes to $2.2 billion using a deal offered through Resonance Funding Series 2006-1, a special purpose vehicle that will bundle a coupon rate through 110 corporate loans held by the ...