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Superannuation

Hunter Hall shares the wealth with staff

HAMISH MADDEN  |  WEDNESDAY, 23 AUG 2006
Hunter Hall has announced a staff equity plan and executive profit sharing scheme in a bid to retain key personnel for the long term, a strategy which will see portfolio managers eventually owning 10 per cent of the company.

Snowball to snap up Western Pacific

KATE HAGE  |  WEDNESDAY, 23 AUG 2006
Financial planning group Snowball has announced it plans to complete the purchase of Western Australian based financial planning group Western Pacific Financial Planning, a move which comes after Snowball acquired an initial stake last year.

FPA broadens entry to CFP

KATE HAGE  |  WEDNESDAY, 23 AUG 2006
The Financial Planning Association (FPA) has broadened its entry criteria into the certified planner program in what it said is an effort to raise standards at a time when the industry's professionalism is coming under greater scrutiny.

Household finances in good shape: RBA

Household finances are in better shape than what the doomsayers claim, said the Reserve Bank of Australia's assistant governor in financial markets, Ric Battellino, at an industry forum held in Sydney today.

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.