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Superannuation

Vision and CARE merger 'talks' to tackle fund differences

Vision and CARE super have confirmed they are in merger talks, and while they concede that they are very different funds, senior management says 'if it's good for members, it's good for us.'

QIC scoops HESTA$100m mandate

QIC has received a timely injection of cash as it launches its QIC international small companies fund (ISCF), in the form of a $100 million mandate from health and community services industry fund, HESTA.

Charity begins at Hunter Hall

Ethical investment manager Hunter Hall International is to donate 5 per cent of its 2005 pre-tax profits to charities, and urges other fund managers to adopt similar philanthropic measures.

Rei Super gains APRA licence

Rei Super has been awarded its Registrable Superannuation Entity (RSE) licence by APRA, seven months ahead of the July 2006 deadline.

Tax page cull the first step: BCA

The Business Council of Australia (BCA) has given the Federal Government a thumbs-up for its decision to slash the number of income tax pages by more than 2,000, but said there is room for more tax reforms.

Use budget surplus to cut super tax: TasPlan

Tasmanian super fund heavyweight TasPlan says the expected huge federal budget surplus should be used to cut unpopular super taxes.

Challenger then Deutsche Bank, the HSBC journey continues

HSBC Asset Management Private Investment Group (AMPIC) has been passed from Challenger Financial Services (Challenger) onto Deutsche Bank (Deutsche) following its March acquisition.

Big brands bounce back: S&P

Fund managers have reaped the benefits of favorable markets, with a sizable increase in assets under management and net fund flow, according to Standard and Poor's (S&P's) September quarter report.

RecruitmentSuper gets RSE licence

RecruitmentSuper has been awarded its RSE licence this month, making it the first superannuation fund in the employment services sector to receive its license.

Income Tax Law to be cut by nearly 30 per cent

Treasurer Peter Costello has announced Government plans to cut the volume of Tax Law by nearly 30 per cent.