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Superannuation

Finsia surges ahead to 20,000 members

KATE HAGE  |  TUESDAY, 4 APR 2006
The Financial Services Institute of Australasia (Finsia) has surged ahead following its successful merger and plans to now ramp up its efforts to be the definitive representative of financial services professional standards, education and integrity.

Tax reform calls often about welfare not tax: Costello

ALEX DUNNIN  |  TUESDAY, 4 APR 2006
Even before the Government's 400 page Tax Inquiry report has been printed, the Treasurer is working hard to manage the expectations coming out of it.

Gen X and Y oblivious to super choice: Max Super

KATE HAGE  |  MONDAY, 3 APR 2006
Generation X and Y consumers don't understand superannuation and are reluctant to exercise choice, mainly through ignorance, according to a Max Super survey that it says will add weight to proposed super changes to be submitted to government next week.

HFA CEO to score $65.9 million in ASX listing

HAMISH MADDEN  |  MONDAY, 3 APR 2006
MFS Limited shareholders are to vote on a proposal to pay HFA chief executive officer Spencer Young approximately $65.9 million as part of the company's ASX listing.

Fiducian grabs an RSE license

HAMISH MADDEN  |  MONDAY, 3 APR 2006
Fiducian Portfolio Services has picked up an RSE license from the Australian Prudential Regulation Authority (APRA).

Finsuper jumps aboard the STA-ARF train

HAMISH MADDEN  |  MONDAY, 3 APR 2006
On 30 June Finsuper will merge with STA, which by then will have evolved into the massive $20 billion STA-ARF merged entity.

Perennial wins AUSfund mandate

HAMISH MADDEN  |  MONDAY, 3 APR 2006
Perennial Growth Management has been awarded an Australian equities mandate by AUSfund.

Market wrap

AAP  |  MONDAY, 3 APR 2006
The Australian share market is expected to open weaker as a softer US market, as well as weakness in commodities on Friday, suggest an early negative lead for the domestic bourse.

Babcock & Brown runs with the wind

Babcock & Brown Wind Partners (BBW) has planted its flag in the largest wind energy market in the world after it secured the rights to buy a portfolio of wind farms in Germany.

Alternatives go mainstream

Alternative investments are increasingly becoming mainstream, with 86 per cent of global institutional investors revealing plans to add hedge fund managers to their current portfolios and 67 per cent planning to hire private equity managers.