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Superannuation

UBS sets sights on global infrastructure

UBS Australia will be using the worldwide reach of its Swiss parent to offer Australian investors a slice of the global infrastructure market.

Pillar to get $4.5 million IT upgrade

ALEX DUNNIN  |  WEDNESDAY, 7 JUN 2006
Super fund administrator Pillar is to get a $4.5 million IT hardware and data storage upgrade.

ASIC charges four over margin lending scam

HAMISH MADDEN  |  WEDNESDAY, 7 JUN 2006
Four people have been charged by the Australian Securities and Investments Commission (ASIC) regarding unlawful and misleading conduct which resulted in Sydney investors taking out and subsequently defaulting on Macquarie Bank Margin Lending loans.

Westpoint fundraiser's last minute dash

KATE HAGE  |  TUESDAY, 6 JUN 2006
On Sunday Neil Burnard, disgraced businessman and director of Palentia, the alleged fundraiser for the toppled Westpoint group, returned to Australia after he was refused entry in a last minute dash to the United States after a last minute dash to remain ...

AMPFP scraps industry funds

HAMISH MADDEN  |  TUESDAY, 6 JUN 2006
AMP Financial Planning (AMPFP) has announced it is removing industry funds from its approved product list, citing a lack of client demand.

Lonsdale launches into SMAs with Direct Portfolio

HAMISH MADDEN  |  TUESDAY, 6 JUN 2006
Lonsdale Financial Group has announced that it is partnering with Direct Portfolio Services to roll-out separately managed account (SMA) capabilities to its adviser network.

All is fair in love and bankruptcy

Small business mums and dads will be the worst affected by the new bankruptcy rule that allows bankruptcy trustees to take away the family home even if only one spouse goes bankrupt, regardless of who paid what for the property.

Credit Suisse to launch private banking

Credit Suisse is to set up a private banking operation in Australia as part of its private banking expansion plans in the Asia Pacific region.

BNPPSS zooms in on Asian opportunities

KATE HAGE  |  MONDAY, 5 JUN 2006
BNP Paribas Securities Services (BNPPSS) is looking to expand its operations into Asia and has started the ball rolling, appointing a new French managing director and expanding his job title to include responsibility for the Asia region.

Asgard logs on to direct shares through Praemium

Around 400,000 Australians and 5,000 financial advisers will be using Praemium's direct equity portfolio administration services after the Australian Stock Exchange (ASX) debutante clinched a deal with platform giant Asgard.