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Superannuation

Max Super to go max Direct with investment funds

Incumbent financial services providers will face a new threat early next year when online super fund max Super launches its own branded investment funds, to be called max Direct.

Real estate service returns agent commissions

HAMISH MADDEN  |  TUESDAY, 22 AUG 2006
Independent Real Estate Consulting (IREC) has launched a new service which leverages the real estate industry's referral based system and aims to return some of the costs of agent commissions to the seller.

Malaysian EPF now unwired for SMS

ALEX DUNNIN  |  TUESDAY, 22 AUG 2006
Australia runs a technologically more advanced super fund system than Malaysia, right? Wrong, and it's time we caught up with what our northern neighbours are doing.

CFS global churn triggers on hold rating

KATE HAGE  |  TUESDAY, 22 AUG 2006
Research and ratings house InvestorWeb Research has dropped Colonial First State's (CFS) Global Share Fund from an investment grade rating to on hold following the turnover of key global equities staff.

Get smart, get real: Russell

Russell Investment Group has urged investors to be more realistic about how much money they can expect to make from their investments as they enter what Russell predicts will be a "lower returns" market environment.

Mellon scores $250m Sunsuper mandate

Mellon Global Investments has notched up a $250 million mandate from Sunsuper, the latest in Sunsuper's string of fresh mandates over the last three months.

Don't gamble with personal insurance: AXA

HAMISH MADDEN  |  MONDAY, 21 AUG 2006
Australians seem only too happy to invest in Lotto and gamble with personal insurance, something AXA finds puzzling considering how unlikely it is a Lotto win will be there to support them when their income can't. Statistically, it's no small gamble.

SSgA launches neutral Asian alpha fund

KATE HAGE  |  MONDAY, 21 AUG 2006
State Street Global Advisors (SSgA) has launched its new SSgA Asia Pacific Equity Market Neutral Fund, aimed at giving institutional investors easy access to pure alpha returns from Asian equity markets.

STA and ARF post record returns

KATE HAGE  |  MONDAY, 21 AUG 2006
STA Super and the Australian Retirement Fund (ARF) have delivered record returns to members on the back of their recent move to join forces as AustralianSuper.

Advisor charged with $1.5m fraud

HAMISH MADDEN  |  MONDAY, 21 AUG 2006
An advisor has been charged after an Australian Securities and Investments Commission (ASIC) investigation found that he allegedly defrauded almost $1.5 million from investors.