Managers talk orbits, but still walk indexes

Article Abstract:

Australia has followed the US' lead by embracing an "index-plus-satellite" approach to superannuation fund portfolio management. Funds using that approach maintain a core of assets in index funds and place remaining assets in more actively managed "satellite" funds. In the UK, fund managers are beginning to adopt an "index-plus-satellite-plus-orbit" approach, in which 10-20% of assets are placed in absolute-returns or very-high-alpha funds.

United Kingdom, United States, Pension Funds & Benefit Plans, Statistical Data Included, Column

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The strange, troubled world of the tax office

Article Abstract:

The Australian Taxation Office is now reversing its interpretation of tax laws by stopping the promotion of tax-optional schemes and asking investors to repay billions. The Office issued a press release stating that contributions to controller super schemes are not only non-deductible but subject to fringes benefits tax. Tax advisers are angry and claim there is a flaw in Section 274 of the Tax Act.

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Pension & Benefit Regulation, Stock Ownership Plans, Interpretation and construction, Tax law, Laws, regulations and rules, Cover Story, Pensions, Tax shelters, Employee stock ownership plans, Australia. Australian Taxation Office, Petroulias, Nick

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The big split

Article Abstract:

The impact of alimony bestowed by Family Court on the spouses of the rich is examined.

Public affairs, Social aspects, Economic aspects, Rich, Rich people, Alimony

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