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Superannuation

Bluestone making aged care bonds affordable

HAMISH MADDEN  |  WEDNESDAY, 9 AUG 2006
Bluestone Equity Release has launched a new product to assist retirees in funding their residential aged care accommodation bond by using the equity in their family home, at the same time announcing it was not passing on any rise to its fixed-for-life ...

Investors chase REITs for double-whammy returns

A growing number of investors are buying into real estate investment trusts (REITs) not just for yield but also for capital growth, according to Pengana's head of alternative strategies distribution Damien Hatfield.

New Sydney FOHF entrant wins global award

A European fund of hedge funds (FOHF) manager that's just set up an office in Sydney has bagged the coveted Global Investor Investment Excellence Award handed out in London last month.

Daily economic round-up

PETER BELL  |  WEDNESDAY, 9 AUG 2006
In response to widespread community concerns about the cost of fuel the Federal Government is considering offering a $1,000 subsidy to motorists willing to convert to liquefied petroleum gas (LPG) which is estimated to cost about $1 billion a year.

RecruitmentSuper offers health benefits

HAMISH MADDEN  |  TUESDAY, 8 AUG 2006
In a bid to differentiate itself, RecruitmentSuper has introduced a new member benefits program which offers fund members MBF private health insurance.

St.George buys HSBC's margin lending

HAMISH MADDEN  |  TUESDAY, 8 AUG 2006
St.George Bank yesterday acquired the margin lending business of HSBC Bank Australia.

Options broker guilty of large scale forgery

HAMISH MADDEN  |  TUESDAY, 8 AUG 2006
A former Bell Potter Securities options adviser and stockbroker has entered a guilty plea to 27 charges of forgery.

Man and Eurex seal derivatives future

Man Group plc, one of the world's largest futures brokers, and Eurex, the world's largest derivatives exchange, are to join forces and design the next generation of listed derivative products.

Legacy product solution on its way

KATE HAGE  |  MONDAY, 7 AUG 2006
The issue of product rationalisation is "firmly on the government's radar" and a policy will be finalised before the end of the year, according to a Treasury delegate who addressed attendees at the IFSA annual conference last Friday.

Sherry wins Labor votes with simple super plan

KATE HAGE  |  MONDAY, 7 AUG 2006
Labor Shadow Minister for Superannuation, Nick Sherry, impressed audiences at the annual IFSA conference on the Gold Coast on Friday, unveiling a plan for combined pension and superannuation forecasts.