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Superannuation

Emerging markets can't stand alone

HAMISH MADDEN  |  MONDAY, 28 AUG 2006
In the past emerging markets represented a free meal ticket if investors could stomach the volatility, said Pedro Marçal, senior vice president and portfolio manager at Nicholas-Applegate. Those days were gone, he said, and managers with a specific ...

Supercorp adapts software to fee transparency rules

Funds administrator software developer Supercorp Australia has upgraded its flagship software SuperVisor to enable clients to produce detailed fee information on member reports, as required by law effective July of this year.

Aussies spend $8.7bn on celebrity makeover

Financial planners may well need to start asking their clients the question, "Who is your favourite celebrity?" after a Virgin Money study found that Australians have racked up an annual $8.7 billion credit card bill to look like their movie idols.

Praemium to access UK's wealthiest through Lloyd's

KATE HAGE  |  MONDAY, 28 AUG 2006
Listed portfolio administration provider Praemium will provide services to the UK's wealthiest private investors through a new distribution deal signed with Argenta Private Capital.

Kiwisaver allows contributions to be diverted into mortgages

WWW.THESHEET.COM  |  MONDAY, 28 AUG 2006
Kiwisaver, New Zealand's answer to Australia's SG based super system, is going where Australia superannuation policy makers fear to tread by allowing members to divert half their contributions into their mortgage.

Peet's res property syndications now a $4.6 billion portfolio

ALEX DUNNIN  |  FRIDAY, 25 AUG 2006
The 111 year old residential property syndication group, Peet Limited, has achieved a record annual profit driven by land syndications in Victoria and WA that brings their total portfolio size to $4.6 billion.

Plum puts increased super savings on auto-pilot

HAMISH MADDEN  |  FRIDAY, 25 AUG 2006
Plum Financial Services has unveiled a new superannuation service which will divert a client's future pay raises into their super savings without them needing to lift a finger nor sacrifice any of their existing take home pay.

XPLAN in demand

HAMISH MADDEN  |  FRIDAY, 25 AUG 2006
IRESS, the parent of financial planning software provider XPLAN Technology, has reported its annual results, highlighting that the XPLAN model continues to gather pace with further growth expected as profitability ramps up.

Pimco plans absolute return fixed interest fund

KATE HAGE  |  FRIDAY, 25 AUG 2006
Pimco Australia has announced it is working on a new absolute return fixed interest fund, the Pimco Absolute Return Series (PARS), which will use leverage to let investors dial up their exposures.

S&P raise MEB credit rating

KATE HAGE  |  FRIDAY, 25 AUG 2006
Industry funds affiliated bank, Members Equity Bank, (MEB) has had its counterparty credit rating raised by Standard & Poor's from 'BBB-/A-3 to 'BBB/A-2'