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Superannuation

MacarthurCook pours more into property trusts

MacarthurCook Fund Management is expanding its fund in listed and unlisted property trusts by injecting a further $18.3 million in investments into its portfolio.

St George and Westpac end year with share buy backs

Two of Australia's major banks announce significant share buy backs to cap off the year, amid news speculation of a takeover bid from the UK for St. George.

Easy gains over and volatility ahead, warns Oliver

Shane Oliver, head of investment strategy and chief economist at AMP, predicts that 2006 will continue to push strong equity performances, but warns that the "easy gains" are over and some volatility lies ahead.

Spark electrifies market at $1.8b

Spark Infrastructure, one of the largest market floats this year, announced it has completed its institutional bookbuild, taking its total fully paid capital to just over $1.8 billion.

Global hedge funds up 7 per cent for the year: Greenwich-Van

The Greenwich-Van Global Hedge Fund Index gained 7 per cent over the year to end October, according to hedge fund index provider Greenwich-Van Advisors (Greenwich-Van).

Small cut in super taxes now will significantly cut future tax burden: ASFA

Abolishing the 15 per cent super contributions tax would add thousand of dollars to consumers' retirement benefits, while any tax revenue falls would be offset by the extra inflows adding to the earnings tax base.

Macquarie launches indigenous financial services

Macquarie Bank has set up a financial services arm that will provide advice and financial literacy programs for indigenous communities.

Morningstar to buy Ibbotson

Morningstar Research is to acquire Ibbotson Associates, potentially transforming the group from minor player to major league in the US managed retirement accounts market.

Unisys and Centricom launch enhanced secure online transaction system

Unisys continues its march into Australian wealth management by partnering with Centricom to jointly launch a secure online payments management system.

ABN Amro management service hits $3b

ABN AMRO Morgans' managed portfolio service (MPS) has topped $3 billion dollars in client funds under advice, testament to the growing popularity of MPS for those who are time-poor.