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Superannuation

Online banking rules: Commonwealth

The Commonwealth Bank's inaugural E-money survey, an annual index of electronic banking usage in the country, has found that 85 per cent of Australians voted the internet as their preferred banking channel.

Allianz Global flags $350m European property fund IPO

You think you've got World Cup fever? Allianz Global Investors Australia has taken the mania in Germany one step further by planning an ASX listing of a property fund that focuses on German retail and commercial properties.

Two directors cop ASIC bans

HAMISH MADDEN  |  MONDAY, 19 JUN 2006
Two directors have been banned from providing any financial services for three years following an investigation by the Australian Securities and Investments Commission (ASIC).

Super tax concessions cost more than they save: Greens

ALEX DUNNIN  |  FRIDAY, 16 JUN 2006
The Greens have issued a discussion paper that argues the cost of the tax incentives to encourage superannuation saving are greater than the tax savings we will later recoup through lower pension costs.

Active managing pays during market correction: Mercer

The latest figures from Mercer Investment Consulting suggest that active managing does pay with many fund managers standing their ground against the market correction in May.

True high conviction means big positions: Peters MacGregor

HAMISH MADDEN  |  FRIDAY, 16 JUN 2006
Define high conviction. To Peters MacGregor it means holding just eight stocks but backing your positions with more than 60 per cent of your total capital.

FCA levels insurance field for DIY funds

Family Care Australia (FCA) has teamed up with MetLife Insurance to provide self-managed super funds (SMSFs) group insurance products at fees on par with that of large employer and industry funds.

ASIC charges two over $14.5m fraud

HAMISH MADDEN  |  FRIDAY, 16 JUN 2006
Two men, one a former ANZ Bank employee, have appeared in court on multi-million dollar fraud charges following an Australian Securities and Investments Commission (ASIC) investigation.

AWM streamlines admin through Supercorp

Australian Wealth Management (AWM) Limited has selected Supercorp to be their exclusive small APRA funds (SAF) administration platform, thanks to the latter's end-to-end administration technology.

BT Wrap makes corporate actions and IPOs easier

Advisers can now participate in corporate actions and IPOs for up to 100 of their clients at a time with just a single click of a button after BT Financial tweaked its wrap platform to power a new adviser service.