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Superannuation

Super choice information overload

ASFA celebrated Valentine's Day this year with the message that super choice has been a non-event that has lead to information overload.

One-tenth of employees to opt for super choice in just year one: ASFA

The latest Association of Superannuation Funds of Australia (ASFA) survey on the impact of choice of fund has shown that 4 per cent of survey respondents have already exercised choice, with another 5 per cent likely to follow in the next year.

Legg Mason funds placed "on hold" after key departures

S&P has placed Legg Mason's Australian equity and Australian property securities funds "on hold" following the announcement of key management departures.

HFA trumpets its "strong buy" ratings

Absolute return manager, HFA Asset Management (HFA), is trumpeting its "strong buy" recommendations from InvestorWeb Research (IWL) on both its international shares fund (ISF) and diversified investments fund (DIF).

James Fielding appoints Westpac head as GM wholesale funds

Mirvac Group's funds management division, James Fielding Funds Management, has announced the appointment of a former Westpac division head to the position of general manager of their wholesale funds management arm.

ARF and STA to merge into $18bn fund

After year-long discussions, industry fund super heavyweights ARF and STA are set to confirm that their merger is going ahead, creating a new fund with over one million members and more than $18 billion in assets under management.

DB Capital earns $200m in venture cap deal

DB Capital Partners, together with a venture capital partner, ISS Group, has successfully completed the largest "public to private" scheme of arrangement in the Australian private equity market.

Macq to roll-out InfoComp life insurance software solution

Software developer InfoComp has announced that Macquarie Adviser Services (MAS) will be rolling-out a purpose built version of its administration platform software called Composer Life.

Financial Standard latest edition - out now

The second edition of Financial Standard for 2006 has hit readers' desks. What's inside?

IXIS upgrades business development role

IXIS Asset Management Australia Limited (IXIS) is seeking to promote its institutional business and expand a range of products being offered by the group's affiliated boutique managers, starting with the expansion of an internal business development ...