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Financial Planning

NAB buys stake in Pengana

MICHAEL HOBBS  |  THURSDAY, 1 MAY 2008
National Australia Bank's (NAB) direct investment management business, nabInvest, has purchased roughly one third of funds management firm Pengana Capital.

AMP Fin Services Q1 cashflow drops $624m

RUTH LIEW  |  THURSDAY, 1 MAY 2008
AMP Financial Services suffered a blow to its bottom line with total net cashflows of $129 million this quarter, compared with $753 million same time last year, due to lower discretionary super contributions and the 'first quarter' season lull.

Managed accounts hold trumpcard

MICHELLE BALTAZAR AND RUTH LIEW  |  WEDNESDAY, 30 APR 2008
As investors get jittery about their portfolios after Opes Prime and Lift Capital's collapse, the inherent feature of investors retaining beneficial ownership of their shares has become a key selling point for separately managed accounts (SMAs), industry ...

AFA selects Alexis for PI cover

After a 12-month process, the Association of Financial Advisers (AFA) has handpicked Alexis Insurance Brokers to give its members much needed help in choosing the right PI cover ahead of a new government ruling which raises adviser PI costs by as much ...

Emerging market funds to be rated on sustainability

RUTH LIEW  |  WEDNESDAY, 30 APR 2008
Emerging markets (EM) fund managers may soon have to incorporate better environmental, social and governance (ESG) strategies into their investments if they wish to receive a high sustainability rating from the World Bank.

AMP gives free advice to Salvos

MICHAEL HOBBS  |  WEDNESDAY, 30 APR 2008
AMP has teamed up with The Salvation Army to develop a pilot financial planning program for financially disadvantaged individuals in New South Wales and the Australian Capital Territory.

BTIM numbers hurt by market crunch

BT Investment Management Limited (BTIM) has fared better than the market in the six months to March but headline numbers are down or at the lower end of prospectus forecasts.

AXA North open for non-super savings

MICHAEL HOBBS  |  TUESDAY, 29 APR 2008
AXA Australia has launched North Investments, a capital guaranteed product that can be used for non-super or ordinary money investments.

Bad genes won't hurt insurance

MICHAEL HOBBS  |  TUESDAY, 29 APR 2008
A proposed government ruling in the US will prevent insurers and employers from discriminating against people based on their genetic test results.

Macq, Contango and Patriot lead small caps table

RUTH LIEW  |  TUESDAY, 29 APR 2008
Macquarie, Contango and Patriot have reached the top of the Zenith ranks - climbing from recommended to highly recommended for their small cap funds following the ratings house's sector review.