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Superannuation

Advance Asian Equity Fund scores S&P four stars

Advance Asset Management (Advance) has had its Advance Asian Equity Fund upgraded to four stars by S&P.

STA/ARF mega fund to expand menu and beef up insurance

With only three months to go before mega funds STA and ARF tie the knot to form a $20 billion mammoth fund, ARF chief executive Ian Silk said members can expect key changes including an expanded investment menu and better insurance.

Cyclones and underinsurance strike in North Queensland

WWW.THESHEET.COM  |  TUESDAY, 21 MAR 2006
Underinsurance, the ongoing wealth management issue, has also reared its ugly head in North Queensland to make mopping up after the damage caused by Cyclone Larry even more difficult.

GE Money to correct problematic sales practices

GE Money has given the Australian Securities and Investments Commission (ASIC) an enforceable undertaking that will see it changing its life insurance sales practices and compensating customers already affected.

Allco crosses the Tasman

Allco is making waves in the New Zealand market with its Allco Principals Trust acquiring 50 per cent of Strategic Investment Group, the parent of New Zealand's Strategic Finance.

Institutional investors drawn to developed markets: State Street

Developed markets such as Canada, Chile, Norway and Singapore have attracted the largest amount of fund inflows over the last week, suggesting a thematic shift from 'safety first' to 'leverage', according to the latest research note from State Street ...

AXA adds NCAPs to its arsenal for over 55s

AXA has added non-commutable allocated pensions (NCAPs) to its adviser and platform channels in a bid to capture more of the over 55s market who are searching for income streams or tax benefits.

Macq wrap crosses the line first for retail inflows

Macquarie Wrap Solutions received the most net retail inflows in the final quarter of 2005, handing it first place for growth in funds under administration for the quarter and making it number one for inflows for the second half of 2005.

Award workers to have choice of fund

Up to 500,000 more employees will be able to choose their superannuation fund under new workplace relations amendments announced yesterday.

Good returns and good luck

Using research compiled by Morningstar as evidence, Vanguard Investments claims that most active fund managers cannot sustain above index-benchmarked performance over the long term.