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Superannuation

Praemium goes public with $18m capital raising

HAMISH MADDEN  |  TUESDAY, 18 APR 2006
Portfolio administration provider Praemium Limited has lodged a prospectus for its initial public offering (IPO), hoping to raise $18 million from its imminent ASX listing.

Health Super achieves its RSE

ALEX DUNNIN  |  TUESDAY, 18 APR 2006
Health Super, the $6 billion AAA-rated health industry fund based in Victoria but operating nationally, has been awarded its RSE license by the Australian Prudential Regulation Authority (APRA).

Macq snares RSE license and wholesale BOQ deal

HAMISH MADDEN  |  TUESDAY, 18 APR 2006
Macquarie Investment Management Limited (MIML) announced that the Australian Prudential Regulation Authority (APRA) has awarded it an RSE license, while Macquarie Margin Lending has signed a wholesale agreement with the Bank of Queensland (BOQ).

Market wrap

AAP  |  TUESDAY, 18 APR 2006
The Australian share market should open firmer as commodity and oil prices surged in the US overnight, suggesting a positive tone for the local bourse.

Chinese businesses upbeat but worried about compliance

ALEX DUNNIN  |  THURSDAY, 13 APR 2006
Medium-sized businesses in mainland China are optimistic about their immediate future but, like their Australian counterparts, they have majors worries about being held back by red tape and the availability of capital.

Aon buys private insurance broker Freeman McMurrick

The insurance sector consolidation continues with Aon Australia acquiring Freeman McMurrick, one of the largest privately owned insurance brokers in the country.

1 in 4 Australians have more than one super fund: ICAA

A recent survey has found that 27 per cent of Australian adults hold multiple super funds.

Women like risk, men think too much

HAMISH MADDEN  |  WEDNESDAY, 12 APR 2006
While behavioral finance helps explain the things that economics gets wrong, a greater understanding of investor behavior may help us develop investment products that better suit individuals.

US pension fund wealth bigger than individual wealth

HAMISH MADDEN  |  WEDNESDAY, 12 APR 2006
US fiduciary wealth has surpassed individual wealth, presenting new opportunities for pension funds and other managed funds to leverage the weight of money to achieve corporate and social change.

AIST and CMSF merger to strengthen trustee services

HAMISH MADDEN  |  TUESDAY, 11 APR 2006
At its AGM held on the Gold Coast yesterday, AIST released a discussion paper canvassing a potential merger with CMSF and the long-term viability of super trustee organisations.