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Superannuation

MLIM stands firm but S&P puts funds on hold

HAMISH MADDEN  |  FRIDAY, 21 APR 2006
Merrill Lynch Investment Managers (MLIM) has reassured clients and investors that it remains confident and committed to the Australian market, despite S&P placing its Australian equities funds on hold after the sudden departure of three key team members.

PSI Super partners with SyncSoft to grow third party admin

HAMISH MADDEN  |  FRIDAY, 21 APR 2006
PSI Superannuation Management has announced that it plans to grow its third party administration business on the back of a synergistic partnership with technology provider SyncSoft.

S&P to rate its raters

S&P plans to put its own ratings to the test by conducting a study that will measure the success of its analyst recommendations.

30 million super accounts and climbing

ALEX DUNNIN  |  FRIDAY, 21 APR 2006
Despite super fund consolidation and apparent increasing market competition, Australian superannuation leaders have yet to confront why the number of super fund accounts is still climbing by more than one million each year.

Corp governance now a mainstream business imperative

ALEX DUNNIN  |  FRIDAY, 21 APR 2006
Corporate governance is becoming even more important as it transitions from being just a compliance obligation to a business imperative.

Amicus builds business on flat planning fee

Amicus Financial Planning has created a template for a flat fee-for-service model that is gaining fans among planners keen to sidestep the current debacle on conflicts of interest surrounding commission-based fees.

Trafalgar shifts strategy and ditches some non-core assets

HAMISH MADDEN  |  THURSDAY, 20 APR 2006
Trafalgar Corporate Group announced yesterday that it had entered into agreements to divest the management rights to its Trafalgar Enhanced Income Fund while also selling a showroom which is part of the Fujitsu complex in Brisbane.

Macq multi-strategy fund recommended by Zenith

HAMISH MADDEN  |  WEDNESDAY, 19 APR 2006
The Macquarie Newton Multi-Strategy Fund has been awarded a recommended rating from Zenith and added to its recommended list.

Intrust goes public offer

KATE HAGE  |  WEDNESDAY, 19 APR 2006
Queensland based hospitality and tourism industry fund, Intrust Super Fund, has launched a new public offer category for non-employer sponsored and self-employed members.

Call for personal tax cuts to plug company tax loophole

KATE HAGE  |  TUESDAY, 18 APR 2006
A push to cut top income tax rates was flagged this week as the Board of Taxation chairman, Dick Warburton, said such a reduction would stop people channelling personal income into company coffers.