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Superannuation

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.

Trust passes managed accounts control to Next

Trust Company of Australia (Trust) is set to appoint a manager and administrator for its managed account (MA) product.

New AFA chief eyes under-insurance and business succession

After a six-month long search, the Association of Financial Advisers (AFA) has appointed a new CEO, Richard Klipin, who hopes to increase the group's membership by addressing key issues, including the nation's chronic under-insurance and business succession ...

DeAM appoint to boost alternative investments sales

Deutsche Asset Management (DeAM) has appointed a new head of alternative investments distribution, selling products including hedge funds and private equity products.

Private equity and M&A market activity to stay strong in 2006: Gresham

Private equity market activity is expected to continue during 2006 with a range of players preparing for new capital raisings or launching services to cater for the growing interest in the sector.

Foreign banks lag locals, but for how long?

WWW.THESHEET.COM  |  FRIDAY, 27 JAN 2006
Despite deregulation of the banking system and foreign banks moving into Australia, local banks still have a mortgage over the banking industry.

ASIC too soft on AFSL applicants: Aud Gen

ASIC has issued Financial Services Licenses (FSLs) in a rush and without properly inspecting applications from a number of financial planners, dealers and insurance brokers, according to a new Auditor-General report.