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Superannuation

MapInfo plots the market's future

A mapping software group which enables banks in the US to forecast demand for financial services based on postcodes is making an aggressive push into Australia to provide similar software products to local banks and insurers.

Praemium adds GPS for planners

KATE HAGE  |  MONDAY, 9 OCT 2006
Listed portfolio administration providers, Praemium, have signed an agreement together with technology providers, Customer Acquisition and Retention Management (CARM) to make their guided planning systems (GPS) tool available to planners.

Hedge funds lose their shine

KATE HAGE  |  FRIDAY, 6 OCT 2006
Hedge funds may be losing some of their polish after it was reported that several super funds were re-examining their hedge fund exposures or avoiding them outright.

Reuters crosses data wires with DSTi

Reuters has teamed up with asset management software group DST International (DSTi) to create a joint platform for the leading newswire's market data service Reuters DataScope Select.

You are how you spend, not your age

Age is not the defining factor for how consumers spend on financial services, according to a leading demographics expert who argued that labels such as Gen X, Gen Y and Baby Boomers were outmoded and ineffective.

PIS expands footprint into Canada

HAMISH MADDEN  |  FRIDAY, 6 OCT 2006
Acting on its Canadian expansion strategy, Professional Investment Services (PIS) is set to take over a 100-planner strong Canadian financial planning group.

Adviser faces charges of pilfering $1.3m

HAMISH MADDEN  |  FRIDAY, 6 OCT 2006
A Victorian financial adviser has faced court over the misappropriation of around $1.3 million of clients' money.

IOOF takes full ownership of Perennial

Listed funds management group IOOF will buy the remaining equity in Perennial Investment Partners in a deal worth around $68 million, taking its ownership from 78.15 per cent to 100 per cent.

PIS launches new income fund

Professional Investment Services (PIS) has launched the Discovery Investment Services Core Income Fund, investing primarily in two Australian Unity Investments (AUI) mortgage funds.

Private equity capital raising breaks $4bn for 2005-06

ALEX DUNNIN  |  THURSDAY, 5 OCT 2006
Private equity funds invested $2.3 billion into target companies while raising $4.1 billion in new capital raisings in the 12 months to 30 June 2006.