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Superannuation

ME Bank profit surges but needs to lend more

WWW.THESHEET.COM  |  TUESDAY, 31 JAN 2006
Members Equity Bank reported a significant increase in after tax profit in 2005, but its profitability and return on equity will continue to suffer unless it can grow its personal loans and credit card book faster.

Exchange traded funds to surge

Exchange-traded funds (ETFs) are big in the US but have barely made a ripple in the local market and fund manager INVESCO wants that to change.

S&P react to TOWER PrefSure deal

S&P ratings services (S&P) have reacted to yesterday's announcement that TOWER group (TOWER) has bought PrefSure Life Ltd (PrefSure) to shore up and grow their master trust and life insurance business.

AXA closes two global wholesale funds

AXA has made the decision to close two of its wholesale global equity funds, effective 20 February.

Canadian pensions get leg up from energy: RBC Dexia

Canadian pension plans have posted an 11.7 per cent gain in the year ending December 2005 propped up by the nation's energy sector, based on the latest survey by RBC Dexia Investor Services.

MacarthurCook fund is hot property

MacarthurCook Property Securites (MPS) has delivered an emphatic 177.4 per cent gain in half year profits, proving that the bricks-and-mortar sector still delivers fat returns in a high-tech world.

PrefSure deal sees Tower focus on master trusts

TOWER have bought out PrefSure Holdings and Life Limited (PrefSure) from South African group, Liberty, for $145 million as they push their strategic growth towards life insurance for master trusts.

MTAA Super invests in biotech JV

The Motor Trades Association of Australia Superannuation Fund (MTAA Super) announced that it has entered into a joint venture with Bio Innovation SA, a world class research and development entity and facility.

ING software roll-out to reduce the SoA burden

ING is set to roll-out a new online limited advice solution to reduce the Statement of Advice burden for advisers.

Alternative investing steadily going mainstream: JANA

Leading asset consultant JANA Investment Advisers told a press conference this week that 'alternative thinking' and 'alternative investments' are fast becoming an essential part of mainstream investing.