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Superannuation

Government moves to dampen super tax cut heat

Minister for Finance and Administration, Senator Nick Minchin, has issued a statement seeking to redress remarks he made in a speech on Sunday that were widely reported as a push for government to cut the super contributions tax.

Property groups and advisers get set for scrutiny

High yield fixed interest products and the advisers selling them will come under ASIC's microscope following the widely reported Westpoint debacle, said ASIC's two chief orchestrators.

Russell and IBM enter strategic relationship for fund admin

Russell Investment Group has teamed up with IBM in a seven-year $140m Business Transformation Outsourcing agreement.

Macquarie fund units open for business

Macquarie Direct Property Management Limited (Macquarie Direct Property) has opened the first allotment of units in its open ended direct property fund since raising $236 million in its capital raising since October last year.

INVESCO advances Australia flair

Investors may be seeing an exodus to international equities funds but Rohan Walsh, fund manager at INVESCO Australian Share Fund, says investors can have their cake and eat it too - at home.

Minchin weighs in on super tax cut debate

Senator Nick Minchin has joined industry body, ASFA, in pushing the government to cut the 15 per cent tax on super contributions in a move they claim could add an extra $30 per week to retirement savings.

QIC launches alternative funds

The fourth-largest wholesale fund manager in the country has launched two alternative funds designed to capitalise on global opportunities.

Use structured products to complement private equity investing: Absolute Capital

The consistent income flow of structured products can be used to complement the J-curve nature of private equity investing where income may not flow for years and capital gains may not materialise until the asset is sold.

Mixing up your yield and growth: OptiMix

Multimanager OptiMix has urged investors and advisers to give their portfolios a health check ahead of key investment landscape changes this year.

All REST and no play with $580m new mandate

Industry fund REST starts the year on full throttle after awarding $580m of new money to a string of investment managers, of which a total $480 million will go towards international equities mandates.