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Superannuation

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.

First State Super doubles menu choices

First State Super has expanded its investment choice menu to satisfy member demand, including six major single asset class strategies to complement existing pre-mixed options.

Aust Unity upgrades to Pentafin

Australian Unity Investments, the funds management arm of health, finance and retirement group Australian Unity, is to undergo a major IT upgrade over the next six to nine months and has dropped its previous IT partner for software group Pentafin.

Lonsec rates Mellon's experience

KATE HAGE  |  FRIDAY, 22 SEP 2006
Advance Asset Management's Global Alpha Fund has been given a recommended rating by Lonsec following a review of the management team and processes.

Star ratings on staff? Only in China

The third largest bank in China, the Bank of China (BOC), has introduced the penultimate in 'customer satisfaction' surveys, asking customers to rate individual banking employees on the spot with a one-star to five-star rating based on service level.

Super funds to back new home equity mortgage group

KATE HAGE  |  FRIDAY, 22 SEP 2006
Superannuation funds are set to get behind a new home equity mortgage group, headed up by the former chief executive officer of Rothschild Asset Management, that will bring shared appreciation style mortgages to Australia.

Basis Capital takes top hedge funds honour

HAMISH MADDEN  |  FRIDAY, 22 SEP 2006
Basis Capital took home the award for Australian Hedge Fund of the Year with its Basis Aust-Rim Opportunity Fund at last night's Hedge Funds Rock awards presentation.