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Superannuation

MTAA speeds past $4bn

HAMISH MADDEN  |  FRIDAY, 1 SEP 2006
The Motor Trades Association of Australia Superannuation Fund (MTAA Super) has just broken through the $4 billion mark in funds under management, with $1 billion tumbling into the coffers in just the last year.

Suncorp increases market share and profits

Suncorp's announcement of $1 billion in underlying profit in its annual results has triggered the possibility of a share buy-back - good news for investors.

Industry funds warn on master trust switching

HAMISH MADDEN  |  THURSDAY, 31 AUG 2006
Industry Funds Services (IFS) has warned Australians to carefully check their super fees after changing jobs and to be on the lookout in case their new employer signs them on to a higher fee master trust.

UniSuper revises major mandates

HAMISH MADDEN  |  THURSDAY, 31 AUG 2006
UniSuper has announced sweeping changes to its public markets portfolio on the back of a detailed review of major asset classes.

Market wrap - midday

AAP  |  THURSDAY, 31 AUG 2006
The Australian share market was higher at noon due to higher energy and resources stocks and strong company results out today. At 1200 AEST the benchmark S&P/ASX200 rose 26.9 points to 5094.2, while the all ordinaries gained 26.6 points to 5058.8.

Finding more value in asset consulting: Watson Wyatt

Asset consultant Watson Wyatt is revamping its business model to adapt to the increasingly changing nature of asset consulting.

Financial mentor to be wound up

HAMISH MADDEN  |  THURSDAY, 31 AUG 2006
A Brisbane financial mentoring operation will be wound up after The Australian Securities and Investments Commission (ASIC) obtained court orders to proceed with liquidation.

Asteron launches income product for 80s and over

KATE HAGE  |  THURSDAY, 31 AUG 2006
Promina Group's financial services business Asteron yesterday launched an income stream product aimed at those 80 and over, designed to kick in when retirement savings start to dwindle.

B&B makes power play for utilities assets

KATE HAGE  |  THURSDAY, 31 AUG 2006
Babcock & Brown (B&B) has continued on the power utilities acquisition trail and completed the buy out of NRG Energy's South Australian based power assets NRG Flinders.

AXA makes billing easier for advisers

HAMISH MADDEN  |  THURSDAY, 31 AUG 2006
AXA's Fee4Advice electronic billing service has been branded a success by the organisation after a survey of advisers revealed widespread satisfaction with the improved tools.