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Superannuation

Industry funds target top end with TV campaign part 2

KATE HAGE  |  THURSDAY, 6 JUL 2006
High net worth individuals are among the broader television audience that can expect to be targeted in round two of the controversial industry superannuation funds campaign that first aired on national television last year.

MTAA Super launches its own pension products

ALEX DUNNIN  |  WEDNESDAY, 5 JUL 2006
Top ranking industry super fund MTAA Super has announced the launch of its own allocated and term allocated pension funds.

RSE licensing transition grinds to a close

HAMISH MADDEN  |  WEDNESDAY, 5 JUL 2006
The end of the financial year also marked the transition to the new superannuation trustee licensing system, with the Australian Prudential Regulation Authority (APRA) reporting that most of the applicants were awarded a Registrable Superannuation Entity ...

FuturePlus CEO moves on

KATE HAGE  |  WEDNESDAY, 5 JUL 2006
Chief executive officer of FuturePlus, Brett Westbrook, announced that he will step down from his position as head of the $12 billion co-owned fund of the Local Government Superannuation Scheme and the Energy Industries Superannuation Scheme.

AXA provides more lending facilities

AXA Financial Advice Network (FAN) Licensees, AXA Financial Planning and Charter Financial Planning have teamed up with a third party mortgage distributor to bolster their suite of lending facilities.

NAB FX pair get six years

HAMISH MADDEN  |  WEDNESDAY, 5 JUL 2006
Two of the former National Australia Bank (NAB) foreign currency traders embroiled in the high profile foreign currency trading scandal were yesterday sentenced to a combined six years in jail.

MISs distort agribusiness sector: McGauran

HAMISH MADDEN  |  TUESDAY, 4 JUL 2006
Federal Agriculture Minister Peter McGauran has joined calls from some in the agriculture industry to curb the involvement of managed investment schemes chasing a tax break through the sector.

More reverse mortgage protections needed: Mariner

HAMISH MADDEN  |  TUESDAY, 4 JUL 2006
Australian Stock Exchange (ASX) listed Mariner Retirement Solutions has thrown its weight behind the push for greater legislative measures around reverse mortgages.

Bravura begins UK growth push

HAMISH MADDEN  |  TUESDAY, 4 JUL 2006
Bravura Solutions is progressing with its UK expansion plans, announcing it has been selected by UK based Nucleus Financial Group as a technology provider for a new wrap platform.

IMAP the new managed accounts association

Surging consumer interest in managed accounts has prompted market players to set up an independent industry body called the Institute of Managed Account Providers (IMAP).