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Superannuation

Tread carefully in listed property: Perennial

HAMISH MADDEN  |  WEDNESDAY, 21 JUN 2006
Global listed property has become a vast and opportunistic frontier, with expected sweeping property securitisation feeding the hungry investment hordes. But the landscape isn't all sure under foot, said Perennial.

IAGAM scores $250m mandate from Sunsuper

HAMISH MADDEN  |  WEDNESDAY, 21 JUN 2006
Sunsuper has awarded Insurance Australia Group Asset Management (IAGAM) a $250m Australian equities mandate to be invested through its Research Fund.

FPA announces Value of Advice Awards 2006

The Financial Planning Association (FPA) has announced the winners of the inaugural Value of Advice Awards 2006.

Former Westpac rep rips off $500k

A former Westpac Banking Corporation representative has received a permanent ban from providing financial services after being found guilty of misappropriating client money worth around half a million dollars.

Market wrap

AAP  |  WEDNESDAY, 21 JUN 2006
The Australian sharemarket is expected to open slightly higher despite a mixed session on Wall St and limited gains in metal prices.

Banks under growing IT security threat: Deloitte

Financial institutions need to get serious about their IT security after the latest Deloitte Global Security Survey found that more than three-quarters of the world's leading 150 finance groups suffered a serious security breach in the last 12 months.

LinQ Resources trebles distribution yield

Listed resources fund LinQ is giving its investors an early Christmas present in the form of a 250 per cent rise on its distribution yield.

Russell emerges as Tower's MTM frontrunner

KATE HAGE  |  TUESDAY, 20 JUN 2006
Tower Australia looks set to outsource the management of its multi-manager product following a board meeting in early July, and industry sources believe Russell Investment Group is already the clear frontrunner for the contract.

New kid on the ratings block: Heron

Superannuation consulting group The Heron Partnership has joined Chant West, Rainmaker and SuperRatings in the superannuation product ratings game with the launch of its own fund ratings service.

LGSS appoints Intech in spite of sale plans

KATE HAGE  |  MONDAY, 19 JUN 2006
Local Government Superannuation Scheme (LGSS) has appointed Intech Investment Consultants as their external asset consultant, only weeks after industry sources reported that Intech were circulating an information memorandum for the sale of 50 per cent ...