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Superannuation

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.

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.