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Superannuation

Allianz scores S&P ratings upgrade

HAMISH MADDEN  |  MONDAY, 22 MAY 2006
S&P has raised its rating on Allianz Australia to A+ with a continuing positive outlook, reflecting its strong business position.

Mellon buys Walter Scott

Financial services giant Mellon Financial has bought Edinburgh-based Walter Scott & Partners for an undisclosed sum as part of the group's move to beef up their non-US investment strategies.

Print Super rolls out insurance sweeteners

HAMISH MADDEN  |  FRIDAY, 19 MAY 2006
Print Super has announced significant improvements to its death and total and permanent disability cover for members, as well as a reduction in the cost of salary continuance insurance.

Emerging markets to bounce back after correction

KATE HAGE  |  FRIDAY, 19 MAY 2006
Emerging market equities came under the spotlight in last week's global markets downturn with some predicting a fall in investors' appetite for risk, but economists say it only signals a temporary correction for the sector.

Sage joins the Tandem team

HAMISH MADDEN  |  FRIDAY, 19 MAY 2006
Sage Financial Services has bought Tandem Financial Advice's Cronulla operation, Advice Financial Solutions, and has begun transitioning the combined businesses into the Tandem group.

CARE Super opens ASX200 trading for members

HAMISH MADDEN  |  THURSDAY, 18 MAY 2006
Industry super fund CARE Super has announced a new investment option which will allow members to actively invest in ASX200 stocks.

US fund fees plummet 50 per cent in 25 years

ALEX DUNNIN  |  THURSDAY, 18 MAY 2006
US mutual fund fees have plummeted 50 per cent in the past 25 years, driven down by market competition and the impact of changing distribution channels.

Select gold up 118 per cent in just 12 months

ALEX DUNNIN  |  THURSDAY, 18 MAY 2006
Gold fever and the commodities boom has pushed the Select Gold Fund up a staggering 118 per cent in just the last 12 months.

Suncorp scores $35m AMP mandate

HAMISH MADDEN  |  THURSDAY, 18 MAY 2006
Suncorp Investment Management has won a mandate to manage $35 million for AMP's Responsible Investment Leaders Australian Share Fund.

Baby boomers set to live it up in retirement: CommBank

HAMISH MADDEN  |  THURSDAY, 18 MAY 2006
A Commonwealth Bank (CBA) survey has revealed that baby boomers will approach retirement in a far more active way than past generations, with two-thirds believing they will be able to afford their lifestyle of choice.