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Superannuation

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.

Asset Super boost insurance and appoint MLC

KATE HAGE  |  WEDNESDAY, 28 JUN 2006
Asset super's board have awarded their insurance mandate to MLC, in a move away from their current manager, Tower Life.

Finsia and ASX to educate advisers on listed products

HAMISH MADDEN  |  TUESDAY, 27 JUN 2006
The Australian Stock Exchange (ASX) and the Financial Services Institute of Australia (Finsia) today announced the launch of a new training program focused on listed financial products.

Full steam ahead for super strategies: Navigator

HAMISH MADDEN  |  TUESDAY, 27 JUN 2006
Navigator is encouraging consumers to re-examine their retirement strategies and turbocharge their savings by fully leveraging the superannuation tax benefits of the recent Federal Budget.

Value of advice shines at Tupicoffs

Financial planner Neil Kendall from financial planning group Tupicoffs has successfully demonstrated the 'value of advice' after his one-off pro-bono work for a low income client saw them nearly $300,000 better off.

Westpac FP launches $500k super campaign

Westpac Financial Planning has launched a marketing campaign designed to help their existing clients realise the extra incentives to save for their retirement on the back of Treasurer Costello's proposed 2006 super reforms.

S&P rates new five oceans fund

KATE HAGE  |  TUESDAY, 27 JUN 2006
S&P has given a tentative 'three star new' rating to the relatively recent Five Oceans World Fund following its November 2005 launch.