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Superannuation

Overseas investing to reach 40 per cent: ING

The trend towards investing globally will only strengthen further with ING predicting that the amount invested overseas by superannuation and investment funds will increase from around 25 per cent to as much as 40 per cent by 2010.

First Choice tops $20b

Lower fees, shorter transaction turnarounds and client reporting times all helped FirstChoice finish the year with a record $20 billion in funds under management.

CARE for interactive education

CARE Super joins a growing list of super funds eager to raise financial literacy when it launched an interactive online e-seminar service on superannuation today.

ASIC launches consumer guide about planners

ASIC is stepping up its collaboration with the industry, with two new initiatives aimed at simplifying things for consumers.

Aon first diversified group to get RSE

Aon Australia is the first Australian group to be granted an RSE licence from APRA's diversified institutions group, ahead of the June deadline next year.

Cut credit application cost by 70 per cent using CAL: LIXI

Updating credit application systems to use the XML online programming language developed through the Lending Industry XML Initiative (LIXI) can cut processing costs by 70 per cent and slash processing times.

PSS and CSS drink up their Brandywine

The Public Sector and Commonwealth Super (PSS and CSS) funds have awarded a near half a billion dollar mandate to Brandywine Asset Management for their fixed income allocation.

Anglican Super to join ARF

Anglican Superannuation Australia (ASA) will merge its 2,100 members into one of Australia's largest superannuation funds, ARF Super.

Perpetual wins for being green

Perpetual's Ethical SRI Fund claimed the prestigious gong for the Socially Responsible Investments (SRI) fund of the year award beating two other finalists, BT Ethical Share Fund and SAM Sustainability Leaders Australia Trust.

Market Wrap

AAP  |  MONDAY, 12 DEC 2005
The Australian share market is expected to open firmer as a solid gain in US markets, coupled with further base and precious metal improvements are expected to drive the loca bourse higher.