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Financial Planning

Disclose fees or pay $300,000 fine

Investment advisers and brokers in New Zealand must disclose their fees and remuneration upfront to investors, under new rules that come into effect today.

UBS redefines fixed income

MICHAEL HOBBS  |  THURSDAY, 28 FEB 2008
UBS takes a fresh approach to fixed income investment with a new product that delivers above market performance by diversifying across four of the firm's fixed income funds.

City Pac dumps MFS deal

RUTH LIEW  |  THURSDAY, 28 FEB 2008
City Pacific has announced that it is pulling the breaks on its offer to buy MFS Limited.

MLC battles death taxes

RUTH LIEW  |  THURSDAY, 28 FEB 2008
MLC is on a mission to help employers combat the new higher tax rate payable on death benefits on policies outside superannuation using its latest insurance product.

Snowball boosts FUA by $300m

MICHAEL HOBBS  |  WEDNESDAY, 27 FEB 2008
Snowball Group has posted it half year results with a boost in funds under advice by $300 million to $4.9 billion over six-month period to December last year.

Local bonds better than the US: PIMCO

MICHAEL HOBBS  |  WEDNESDAY, 27 FEB 2008
Australia's fixed income market is more attractive than that of the US, according to Bill Gross, Pimco chief investment officer.

IFFP diverts commissions to charity

MICHAEL HOBBS  |  TUESDAY, 26 FEB 2008
Industry Funds Financial Planning (IFFP) is donating sales commissions that cannot be rebated back to clients to an Indian charity project called Too Young to Work.

Challenger on course

MICHAEL HOBBS  |  TUESDAY, 26 FEB 2008
Challenger Financial Planning's decision to change its strategy has been vindicated after its 2008 first half earnings before interest and tax (EBIT) increased by 67 per cent to $5 million compared to the previous period.

ETFs weather one-stock shocks

RUTH LIEW  |  MONDAY, 25 FEB 2008
According to Ord Minnett head of research and investment strategist Simon Kent-Jones, investors burnt from the Centro Properties fallout could have lessened the heartache of their losses had they invested in ETFs rather than direct company shares.

Life insurance next for nib

MICHAEL HOBBS  |  MONDAY, 25 FEB 2008
New South Wales-based nib health funds has teamed up with TOWER Australia to provide, nib Value Life Insurance, an online life insurance product that requires no medical test.