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Superannuation

Investors rush for capital protected loans

Investors are going gangbusters for capital protected margin lending products as a way to ride the market mood swings, according to the latest data from the Reserve Bank.

ASIC defends AMP FP action

KATE HAGE  |  THURSDAY, 3 AUG 2006
Australian Securities and Investments Commission (ASIC) chairman, Jeffrey Lucy, defended the regulator's decision to avoid a court action in preference of handing out an enforceable undertaking to AMP Financial Planning yesterday, flagging an increased ...

Industry pleads for greater professionalism

KATE HAGE  |  THURSDAY, 3 AUG 2006
The wealth management industry is in transition and now is the time to strive for greater professionalism, said industry identities at the opening session of the IFSA annual conference yesterday.

GIO Insurance directors hit with heavy penalties

HAMISH MADDEN  |  THURSDAY, 3 AUG 2006
Three former directors of GIO Insurance were disqualified and dealt hefty fines by the NSW Supreme Court after an Australian Securities and Investments Commission (ASIC) investigation into their dishonest and improper conduct.

CommInsure rolls out sweeping upgrades - free of charge

HAMISH MADDEN  |  WEDNESDAY, 2 AUG 2006
CommInsure yesterday set about breaking away from its peers with significant - and free - product upgrades, citing a commitment to further strategic change.

Borrowers in trouble after rate hike

The country's peak building and construction group fears the Reserve Bank's move to lift interest rates by 0.25 per cent represents a financial blow that many home owners can ill afford.

Costs of multiple super too hard to address: max Super

HAMISH MADDEN  |  WEDNESDAY, 2 AUG 2006
Confirming the worst, research by max Super has revealed that over one-third of Australians have multiple super accounts which could see them missing out on $60,000 in retirement.

China miracle more political than economic: Fidelity Summit

ALEX DUNNIN  |  WEDNESDAY, 2 AUG 2006
The China boom story is more a political miracle than an economic evolution, and that makes it even riskier than first imagined.

Sunsuper sets out to educate employers

HAMISH MADDEN  |  TUESDAY, 1 AUG 2006
Queensland fund Sunsuper is undertaking an education program to raise employer awareness about the contemporary superannuation environment.

Accountants embrace SMSF automation: SuperCentral

HAMISH MADDEN  |  TUESDAY, 1 AUG 2006
Accountants have been flocking to the online self-managed super fund (SMSF) trust deed update service SuperCentral, with 500 funds on the system after just two months in operation.