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Superannuation

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.

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 ...