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Your bank hybrids are junk

Suncorp Group completed an issue of additional tier one capital notes, more commonly known as hybrids, last month, after receiving strong retail investor demand for the securities. It will pay investors a regular distribution set at the bank bill rate

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UBS launches cash ETF

One asset class that has been largely bypassed in the strong growth in the exchange traded fund market is cash. Of 157 ETFs listed on the Australian Securities Exchange, Betashares is the only manager offering a cash fund. Now UBS

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iSelect comes in from the cold

A little over a year ago the comparison website operator iSelect acknowledged that it had to deal with “substantial strategic and operational issues”, and it appeared to have few friends in the market. That has changed, with one of the

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Government softens stance on SMSF borrowing

The Government has moderated its approach to the treatment of limited recourse borrowing arrangements under the new superannuation balance cap regime, introducing a bill last week that makes no reference to including outstanding LRBA balances in a member’s total super

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ATO targets aggressive SMSF tax planning

The Australian Taxation Office has issued a warning to self-managed superannuation fund trustees that it will crack down on trustees using tax planning mechanisms to divert business or personal services income into their funds to reduce tax. Kasey Macfarlane, ATO

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No quick payback from AMP’s new growth strategy

AMP is targeting earnings growth by directing capital to higher growth segments of the market, such as advice and self-managed superannuation administration, but the market is yet to be convinced. The big wealth management company held an investor day last

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Platinum International rated gold

Platinum Asset Management’s flagship fund, the Platinum International Fund, has had its gold rating confirmed by Morningstar. In a review published last week, Morningstar says Platinum has had to deal with personnel and performance issues in recent years but the

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Investment scams on the rise, watchdog warns

Reports of scam activity to the consumer watchdog were up almost 50 per cent last year, with the biggest losses coming from investment scams. The Australian Competition and Consumer Commission received more than 155,000 scam reports in 2016 – a

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