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Superannuation

Get rid of the Greek: Russell

The separation of alpha and beta when chasing the highest investment returns may be all the rage right now, but according to the head of Russell Investment Group the less Greek used in industry jargon the better off investors will be.

Daily economic round-up

PETER BELL  |  FRIDAY, 11 AUG 2006
Continued good jobs growth of 150,000 over the last quarter, the second most healthy increase on record, caused overall employment to fall to 4.8 per cent, the lowest level since 1976. Employment rose by 50,700 in July - 27,100 were full-time jobs and ...

Spectrum Super adds and subtracts from menu

HAMISH MADDEN  |  FRIDAY, 11 AUG 2006
Trustee SMF Funds Management has announced changes to the Spectrum Super investment menu after a review of available options, resulting in significant additions and some funds being removed from the list.

AMP Capital ploughing $260m into Chinese equities

KATE HAGE  |  FRIDAY, 11 AUG 2006
AMP Capital Investors has been granted a license giving it access to over 1,400 stocks in China's largest equity market, usually restricted only to domestic Chinese investors.

Sporting sponsorships do not breach sole purpose: Freehills

ALEX DUNNIN  |  FRIDAY, 11 AUG 2006
Super funds sponsoring sporting teams is more a question about how trustees manage their fund rather than being about the sole purpose test.

Budget super consultations attract 3,500 submissions

ALEX DUNNIN  |  THURSDAY, 10 AUG 2006
The consultation period on the government's plan to simplify superannuation has closed, attracting an unprecedented 3,500 submissions.

VIC and TAS region hungry for financial planners

A national recruitment firm has reported a staggering 80 per cent increase in financial planning job ads for the Melbourne, regional Victorian and Tasmanian regions in the last six months alone, twice the demand in Sydney and NSW.

MTAA's Watson wins Fund Exec of the Year

HAMISH MADDEN  |  THURSDAY, 10 AUG 2006
MTAA's deputy executive director, Paul Watson, has been recognised as Fund Executive of the Year at the annual Fund Executives Association (FEAL) members' dinner last night.

SMAs step up to platforms

Australian Financial Services (AFS) Group is the latest to join a growing number of dealer groups who are pioneering the use of separately managed accounts (SMAs), touted the biggest thing since platforms.

Past performance is misleading advertising: ASIC

HAMISH MADDEN  |  WEDNESDAY, 9 AUG 2006
The Australian Securities and Investments Commission (ASIC) has warned investment funds about using past performance as part of advertising or promotional material, singling out a recent advertising campaign by BT Financial Group.