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Superannuation

Home equity needs to be part of retirement strategy

HAMISH MADDEN  |  TUESDAY, 26 SEP 2006
Recently re-branded financial services provider Over Fifty Group has published a paper pushing for a paradigm shift around home equity release, claiming bricks and mortar savings could plug the retirement savings gap.

Men are better savers than women: Citibank

It's not the glass ceiling. A new study has found that men are more likely to have a better lifestyle come retirement because they tend to save more and save earlier than women.

Alternatives appetite triggers Russell re-shuffle

KATE HAGE  |  TUESDAY, 26 SEP 2006
Russell Investment Group has reshuffled its Australian alternative assets team and brought on board a new team member in response to the increasingly aggressive appetite of Australian superannuation funds for alternative investments.

XPLAN leads the sector with PlanTech acquisition

HAMISH MADDEN  |  MONDAY, 25 SEP 2006
XPLAN Technology has acquired PlanTech Consulting for $15 million with the combined revenues propelling XPLAN to number one in the space.

Deutsche Bank appoints new head of equity

Deutsche Bank has appointed Ross Brown as the new head of equity research for Australia & New Zealand after Tim King decided to leave the role.

Australians clueless on super

The raft of education campaigns around superannuation are yet to make their impact on consumers after a new study found that 60 per cent of Australians don't know how much fees they pay on their super while 16 per cent couldn't name their own super fund.

HESTA boosts insurance for members

KATE HAGE  |  MONDAY, 25 SEP 2006
HESTA Super Fund is rolling out insurance upgrades for members which improve the default cover and better reflect the changing needs and profile of its members.

Super roll-over promoter to serve time

HAMISH MADDEN  |  MONDAY, 25 SEP 2006
A Gold Coast superannuation scheme promoter has been sentenced to jail for his part in dishonestly advising clients on the use of rolling over preserved benefits and putting the funds towards the purchase of a home.

Move over FinLit, CrickLit is on its way

ALEX DUNNIN  |  MONDAY, 25 SEP 2006
The Financial Literacy Foundation's campaign to win the hearts and minds of Australian school children is set for major competition with Cricket Australia launching its own integrated educational kit that at first glance seems more developed.

SRI needs clarification: Finsia

HAMISH MADDEN  |  FRIDAY, 22 SEP 2006
The Financial Services Institute of Australasia (Finsia) has released new research showing that investors would be more comfortable channelling money into sustainable responsible investment if the sector demystified its messages.