clearing

Investment Strategy

Giving Medicare the clearing house could be a hospital pass

The Federal Government’s choice of Medicare as its free super clearing house for small businesses has baffled private service providers, who say the hasty decision smacks of a Band-Aid applied hastily to cover election promises . However, the Association of Superannuation Funds of Australia (ASFA) is cautiously optimistic that “SupiCare” (as industry wits have dubbed […]
Investment Strategy

Giving Medicare the clearing house could be a hospital pass

The Federal Government’s choice of Medicare as its free super clearing house for small businesses has baffled private service providers, who say the hasty decision smacks of a Band-Aid applied hastily to cover election promises . However, the Association of Superannuation Funds of Australia (ASFA) is cautiously optimistic that “SupiCare” (as industry wits have dubbed […]
Administration

STP demand signals green light for clearing house

Strong take-up of straight-through processing for superannuation contributions by QSuper and more recently, Tower, is indicative of the appetite for a national superannuation clearing house, according to the country’s largest clearing house, SuperChoice. Peter Philip, chief executive officer of SuperChoice, which has proposed a model which would see it become the central data exchange to […]
Administration

STP demand signals green light for clearing house

Strong take-up of straight-through processing for superannuation contributions by QSuper and more recently, Tower, is indicative of the appetite for a national superannuation clearing house, according to the country’s largest clearing house, SuperChoice. Peter Philip, chief executive officer of SuperChoice, which has proposed a model which would see it become the central data exchange to […]
Investment Strategy

Credit default swaps to clear up their act

Hedge fund managers who bemoan their image problems should spare a thought for Susan Kobayashi. The director of fixed income portfolios for Mellon Capital Management (Mellon CM) was in Australia last month promoting a fund associated with not one, but three phrases made notorious by the meltdown – ‘quantitative’, ‘market neutral’ and, most challenging of […]
Investment Strategy

Credit default swaps to clear up their act

Hedge fund managers who bemoan their image problems should spare a thought for Susan Kobayashi. The director of fixed income portfolios for Mellon Capital Management (Mellon CM) was in Australia last month promoting a fund associated with not one, but three phrases made notorious by the meltdown – ‘quantitative’, ‘market neutral’ and, most challenging of […]
Investment Strategy

A house divided: industry battles over clearing, lost member framework

It is probably nothing on the ‘default funds in awards’ debate, but responses to the Rudd Government discussion paper on a national superannuation clearing house and improved framework for reducing ‘lost’ accounts revealed some deep divisions among industry players. SuperChoice, which is already the country’s largest clearing house, handed in a proposal which retains an […]
Investment Strategy

A house divided: industry battles over clearing, lost member framework

It is probably nothing on the ‘default funds in awards’ debate, but responses to the Rudd Government discussion paper on a national superannuation clearing house and improved framework for reducing ‘lost’ accounts revealed some deep divisions among industry players. SuperChoice, which is already the country’s largest clearing house, handed in a proposal which retains an […]
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