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Superannuation

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 ...

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.