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Superannuation

FPA stops short of backing member calls

KATE HAGE  |  MONDAY, 8 MAY 2006
The Financial Planning Association (FPA) has stopped short of backing member calls for a shift towards offering consumers the choice of fee for service, instead supporting what it calls an "advice-based" fee model.

Lonsec, Rainmaker in software distribution deal

Lonsec Research has announced a deal with Rainmaker Information that will see it incorporate Rainmaker's web-based MarketPlace information platform into Lonsec's online financial planner research service.

Count licensees sign on for DMS

KATE HAGE  |  FRIDAY, 5 MAY 2006
Count Financial Limited (Count) AFS licensed employees will now use a program put out by Dealer Management System (DMS), which is designed to integrate software planning tools together with business management requirements.

Investors throw money at Praemium listing

HAMISH MADDEN  |  FRIDAY, 5 MAY 2006
Praemium has announced a premature close to its $18 million capital raising on the back of a very healthy response to its initial public offering (IPO).

ING pushes harder into SME market

HAMISH MADDEN  |  FRIDAY, 5 MAY 2006
ING Australia has announced it plans to aggressively attack market share in the SME sector, unveiling enhancements to its Integra Super product largely centred around lower fees.

ASFA and JUST Super call for changes in the Budget

HAMISH MADDEN  |  THURSDAY, 4 MAY 2006
The Association of Superannuation Funds Australia (ASFA) has called for an expansion of the co-contribution scheme and an abolition of age-based contribution limits, with JUST Super supporting ASFA's stance against a proposal to reduce employer contributions.

Life insurers and 25 AFSL holders under ASIC microscope

The Australian Securities and Investments Commission (ASIC) has launched formal investigations into 25 AFSL holders and will be watching life insurers closely, as a result of its latest license breaches report announced this week.

Finsia takes off with a new president

HAMISH MADDEN  |  WEDNESDAY, 3 MAY 2006
Finsia, the newly merged entity combining the Securities Institute of Australia (SIA) and the Australasian Institute of Banking and Finance (AIBF), completed its evolution at its Annual General Meeting (AGM), held today.

UN signs up $6 trillion to responsible investing

The world's largest pension funds and money managers are putting their money where responsible investing is after a UN initiative to adopt 'green' principles drew more than 60 signatories with a total $6 trillion in assets under management.

MBF lifestyle protector to bundle insurance and ClearView

ALEX DUNNIN  |  WEDNESDAY, 3 MAY 2006
MBF is spending $25 million on marketing how it bundles ClearView and its insurance products under a "lifestyle protector" umbrella.