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Superannuation

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).

Illiquidity to test retail investors: AMP

KATE HAGE  |  TUESDAY, 9 MAY 2006
Illiquidity will prove a test to retail investors in funds with high alternative allocations in the advent of a bear or falling market, AMP's leading economist has warned.

MLIM plugs holes left by recent departures

HAMISH MADDEN  |  TUESDAY, 9 MAY 2006
Merrill Lynch Investment Managers (MLIM) has announced the appointment of two senior former Goldman Sachs JB Were (GSJBW) analysts to its Australian equities team.

$38bn VFMC bigger and better

The $38 billion Victorian Funds Management Corporation (VFMC) is set to become a more powerful financial house after chief executive Syd Bone outlined a series of changes set to come into effect in the next financial year.

Allianz builds performance from the Grassroots

HAMISH MADDEN  |  MONDAY, 8 MAY 2006
Showcasing its capabilities last week, Allianz Global Investors Australia (Allianz GI) revealed one of its primary investment weapons - the Grassroots Research platform that uses journalists and researchers in the field to test whether a company is likely ...

AMP puts pedal to the metal

HAMISH MADDEN  |  MONDAY, 8 MAY 2006
AMP's emphatic revival continues, with the company reporting a 29 per cent increase in cash inflows to $2.66 billion in the March quarter.

Coin upgrades insurance software

HAMISH MADDEN  |  MONDAY, 8 MAY 2006
Coin Software has announced the imminent release of the upgraded version 2.5 of its Coin Office software, incorporating a new insurance module called "Inc".