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Superannuation

Zurich Australia chief executive to retire

ALEX DUNNIN  |  THURSDAY, 29 JUN 2006
The chief executive for Zurich Financial Services Australia (Zurich Australia) is set to retire after 35 years in the financial services industry.

VFMC gives Watson Wyatt the nod

HAMISH MADDEN  |  THURSDAY, 29 JUN 2006
The Victorian Funds Management Corporation (VFMC) has announced the appointment of Watson Wyatt as its investment strategy consultant.

Reverse mortgages require proper planning: IAA

ALEX DUNNIN  |  THURSDAY, 29 JUN 2006
Reverse mortgages can be suitable products for people who understand them, but for the unwary they can pose significant dangers.

Flatmates to mortgage-mates

ALEX DUNNIN  |  THURSDAY, 29 JUN 2006
Shifting demographics and affordability are forcing young people to re-think their strategy for breaking into the housing market.

Bravura hits the ASX on the up

HAMISH MADDEN  |  THURSDAY, 29 JUN 2006
Bravura Solutions debuted on the Australian Stock Exchange (ASX) yesterday, finishing the day's trading up around 10 per cent on its issue price.

Grange number one for credit linked notes: AsiaRisk magazine

ALEX DUNNIN  |  WEDNESDAY, 28 JUN 2006
Grange Securities has topped an Asia-wide poll as the best Australian financial institution in credit linked notes, which includes CDOs. In the wider category of derivatives and structured credit products, the survey also ranked Grange in the top five ...

Fund managers tentative on global outlook

HAMISH MADDEN  |  WEDNESDAY, 28 JUN 2006
Australian fund managers are on the back foot and are becoming increasingly less bullish about the outlook for global equity markets, according to a Russell Investment Manager Outlook survey.

Principal creates retail role

Principal Global Investors Australia has appointed a former Merrill Lynch state manager in the newly created role of director of platform and advisor sales.

VFMC busted investing with tobacco giant

The public servants' fund of Victoria, Victorian Funds Management Corporation (VFMC), has been targeted for being invested in Altria, the parent company of Phillip Morris.

Careless spending wastes $25bn

A new survey has found that Australians spend an average $25 billion per year on daily luxuries such as takeaway food and trashy magazines, with the unusual discovery that men are actually the bigger 'careless spenders' than women.