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Superannuation

Super Budget benefits all around: AXA

HAMISH MADDEN  |  THURSDAY, 11 MAY 2006
The Federal Budget opened up promising new opportunities for clients planning their retirement and fresh options for advisers, according to AXA's analysis.

Keypoint joins Westpoint in court

The Federal Court has ordered that Keypoint Developments be joined to the proceedings by ASIC against Westpoint after it found Keypoint was used to house $875,000 of Westpoint funds.

More meat in Meat Super

A little known super fund for the meat industry holds the title of the "lowest cost fund in the country" with above average returns to boot.

MIR's CIO heads back to UBS

KATE HAGE  |  THURSDAY, 11 MAY 2006
Boutique fund manager, MIR Investment Management, and start-up of ex investment banker Michael Triguboff will lose its former chief investment officer and, as he heads back to UBS.

Intrinsic finds value in Islamic investing

Intrinsic Investment Management hopes to address the needs of Muslim-Australian investors through an investment product that satisfies Shariah Law, a code of principles that many Muslims follow as part of their faith.

Legg Mason rebrands Citigroup AM as ClearBridge Advisors

Legg Mason has renamed the former Citigroup Asset Management US Equity Group, which it acquired from Citigroup in December last year, to Clearbridge Advisors.

Boomer Budget bonanza

ALEX DUNNIN  |  WEDNESDAY, 10 MAY 2006
The 11th Costello Budget, drawing almost universal praise from the superannuation industry, is tailor made to boost savings from lackluster boomers while its red tape reductions should see advisers get back to actually being advisers.

NAB completes $575m insurance sale to AXA

The National Australia Bank (NAB) has finally received the regulatory nod to complete the $575 million sale of MLC Hong Kong and MLC Indonesia to AXA Asia Pacific (AXA APH).

ACT govt goes to super tender

ALEX DUNNIN  |  TUESDAY, 9 MAY 2006
In potentially one of the biggest ever tenders of its type, the ACT government has gone to market to find a default super fund for its employees.

Mariner joins SEQUAL to promote reverse mortgages

HAMISH MADDEN  |  TUESDAY, 9 MAY 2006
With plans to grow its reverse mortgage offering, Mariner Retirement Solutions has announced it has become a member of the Senior Australian Equity Release Association of Lenders (SEQUAL).