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Superannuation

AVCAL calling for council members

HAMISH MADDEN  |  TUESDAY, 12 SEP 2006
The Australian Private Equity and Venture Capital Association Limited (AVCAL) is calling for nominations for council members for 2007 and 2008, with elected members to be announced at the Annual General Meeting in Sydney a month after the annual AVCAL ...

KiwiSaver takes off

New Zealand's Parliament has approved the KiwiSaver Bill, a new set of laws that will enforce a voluntary work-based savings scheme effective 1 July next year.

Business doesn't buy compulsory healthcare: Watson Wyatt

While Australian companies are happy to contribute to their employees' retirement needs through compulsory super, four out of five draw the line on compulsory healthcare, according to an Asia-Pacific study released today.

Tricom makes IMAs admin-free for planners

HAMISH MADDEN  |  MONDAY, 11 SEP 2006
Tricom Equities has unveiled a new managed accounts platform which will remove the administrative burden from planners and investment managers running increasing numbers of individually managed accounts (IMAs) for clients.

AMP Cap Investors adds new head and investments

HAMISH MADDEN  |  MONDAY, 11 SEP 2006
AMP Capital Investors has appointed of a new head of infrastructure, Australia, and announced two significant new infrastructure investments as it continues to expand its portfolio.

Bravura storms into the UK big league

HAMISH MADDEN  |  MONDAY, 11 SEP 2006
Bravura Solutions has taken a giant step forward in its plan to become a heavyweight in the UK market with the acquisition of the Bank of New York's transfer agency software business more than doubling its revenue, doubling its staff and giving it a ...

Taxman fee for DIY funds trebles

The amount that self-managed super fund (SMSF) investors will have to pay the Australian Taxation Office (ATO) will treble from $45 to $150 as part of the government's proposed superannuation reforms, effective 1 July 2007.

BT backs new hedge fund

KATE HAGE  |  MONDAY, 11 SEP 2006
BT Financial Group has partnered with new hedge fund manager Voyager Funds Management in a distribution deal for the group's flagship Voyager Pan Asia Fund.

Financial Wisdom strikes up another Alliance

HAMISH MADDEN  |  FRIDAY, 8 SEP 2006
Financial Wisdom has formed a strategic partnership with Alliance Property Finance in a move that will give all Alliance customers access to comprehensive financial advice.

CBA takes private banking upmarket

WWW.THESHEET.COM  |  FRIDAY, 8 SEP 2006
The Commonwealth Bank yesterday confirmed reports that it had moved 30 staff out of its private banking operation as part of a restructure of the business that will see it focus more closely on providing financial planning services for its clients.