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Financial Planning

Banks enjoy mortgage windfall, sort of

WWW.THESHEET.COM  |  FRIDAY, 16 MAY 2008
The reverse mortgage market is in the doldrums following the withdrawal from the market by one lender and sharp cutbacks by a couple of others.

US fund giant MFS lands down under

RUTH LIEW  |  THURSDAY, 15 MAY 2008
With the confusion around its namesake MFS (now Octaviar) out of the way, US fund manager MFS, which boasts more than $300 billion in FUM, has set up an office in Sydney.

AMP roadmap to growth

AMP's newly-appointed chief executive Craig Dunn has outlined the group's five-pronged growth plan ahead of the predicted doubling of the superannuation industry's size within the next 10 years.

Planner To-Do list post Budget

Advisers overwhelmed by the initiatives unveiled in last night's Budget could do well by starting their client reviews on three major changes singled out by technical advice experts from Challenger and MLC.

MGI buys Omega stake

MICHAEL HOBBS  |  WEDNESDAY, 14 MAY 2008
Macquarie Global Investments has purchased a 19.9 per cent stake in Melbourne-based boutique investment management business Omega Global Investors.

Ex-Westpoint adviser faces charges

MICHAEL HOBBS  |  WEDNESDAY, 14 MAY 2008
Keith Rowntree, formerly from Solutions One Finance Group, faces three ASIC charges for providing advice on a range of financial products, including Westpoint, without the proper licence.

T.Rowe Price grows FUM ten-fold

RUTH LIEW  |  WEDNESDAY, 14 MAY 2008
While many fund managers suffered massive outflows in the last three years to rivals or to the market, global equity specialist T.Rowe Price grew its local portfolio from $300 million to over $3 billion over the same period.

Awareness week for planners

MICHAEL HOBBS  |  WEDNESDAY, 14 MAY 2008
Across Australia, the Financial Planning Association's (FPA) 31 chapters are getting ready promoting the benefits of financial advice ahead of Financial Planning Week.

CommInsure halves insurance PDS

MICHAEL HOBBS  |  TUESDAY, 13 MAY 2008
CommInsure has reduced the product disclosure statement (PDS) of its Personal Insurance Portfolio product by half, slashing 28 pages off the document.

Free cash flow paves road to returns

RUTH LIEW  |  TUESDAY, 13 MAY 2008
Grant Samuel Funds Management has launched a new global equity fund that sidesteps the popular P/E ratio yardstick in favour of 'free cash flow' analysis, which the company believes is the best metric to achieve higher risk-adjusted return.