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Superannuation

Small Macq delivers big returns

Mercer has ranked Macquarie Small Company fund as the number one performing small cap fund manager of 2006 after the fund posted a high 40.6 per cent return, before tax and fees, for the year ended June 30, 2006.

High net worth tax crack down

KATE HAGE  |  FRIDAY, 18 AUG 2006
High net worth individuals with net wealth of around $30 million will come under the tax office's spotlight, as will the promoters of aggressive tax schemes.

Super communication to evolve with choice

The super choice legislation has transferred the power to manage super from the hands of the employer to their individual members, a fundamental shift that should compel industry players to radically change their communications strategy.

Atom to distribute Pentacle property funds

HAMISH MADDEN  |  FRIDAY, 18 AUG 2006
Pentacle Property Funds Management has announced a strategic partnership with Atom Financial Services for the distribution of Pentacle fund of funds products to advisers.

Top fund communications win 2006 ASFA Awards

The Association of Superannuation Funds of Australia (ASFA) has announced the winners of the 2006 ASFA Communications Awards, an annual event which recognises the superannuation industry's top marketing and communications professionals.

Big tax hits drive after-tax reporting

KATE HAGE  |  FRIDAY, 18 AUG 2006
The end of financial year has flagged strong profits for some, but as a slew of tax statements are received by investors some are bound to be shocked by hefty bills, highlighting that the domestic industry is a laggard in after-tax reporting. But that ...

St Andrew's grows in leaps and bounds

HAMISH MADDEN  |  FRIDAY, 18 AUG 2006
HBOS Australia's wealth and insurance business St Andrew's Australia reported a 95 per cent increase in revenue with profits up 147 per cent on last year's bottom line.

Fortia builds on experience

HAMISH MADDEN  |  THURSDAY, 17 AUG 2006
Boutique property fund manager Fortia Funds Management has announced the addition of a new director to help drive its development ambitions.

HFA goes from strength to stronger profits

Absolute return fund manager HFA Holdings has announced a better than expected set of numbers in its first year as a public company, with shareholders enjoying healthy share price appreciation.

Symantec turns compliance into revenue

As the financial services industry continues to grapple with rising compliance-related spend, software giant Symantec has announced plans to develop IT solutions that will turn what is traditionally a cost burden into a profit-generating investment.