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Superannuation

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.

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.