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Superannuation

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.

Guild acquire Investment Nominees

KATE HAGE  |  MONDAY, 7 AUG 2006
Guild Financial Services, a subsidiary of the Guild Group, has merged with the trustee of Australian Childcare Super Fund (ACSF), Investment Nominees of Australia, acquiring 100 per cent of the company's shares.

ASIC issues disclosure guidelines for super trustees

HAMISH MADDEN  |  FRIDAY, 4 AUG 2006
The Australian Securities and Investments Commission (ASIC) has issued a new policy detailing guidelines for superannuation trustees regarding the delivery of product disclosure information about investment strategies to members.

Private equity cash cow keeps growing

KATE HAGE  |  FRIDAY, 4 AUG 2006
Private equity was being promoted yesterday as the major alternative source of returns for fund managers with the promise of returns as high as 31 per cent year on year over 20 years.

Labor unveils plan to export financial services

KATE HAGE  |  FRIDAY, 4 AUG 2006
Kevin Rudd, Shadow Minister for Foreign Affairs and Trade and International Security, won a lot of votes from a hardened crowd at yesterday's annual Investment and Financial Services Association (IFSA) conference by unveiling a plan to rebuild Australia's ...

Design menus to encourage proper choices: MLC

ALEX DUNNIN  |  FRIDAY, 4 AUG 2006
Consumers thrive on having choice, but the way this plays out when choosing investments can be self-destructive if the choice arrangements are poorly designed.

Citigroup revamps hedge fund platform

Citigroup Corporate and Investment Banking has developed a new end-to-end hedge fund platform that it said will allow hedge fund managers to do multi-strategy, multi-asset class and multi-currency investing under one roof.