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Financial Planning

Diversification under the microscope

MICHAEL HOBBS  |  TUESDAY, 18 SEP 2007
With easy money gone following the sub-prime fallout, an industry expert has urged investors to re-assess how diversified their investment portfolios are and whether they can withstand further market volatility.

VFMC infrastructure fund takes flight

CHRIS NICHOLLS  |  TUESDAY, 18 SEP 2007
Victorian Funds Management Corporation (VFMC) has joined the move by superannuation funds to direct infrastructure investment by acquiring a 19.6 per cent stake in Birmingham International Airport.

Super fund inflows reach record highs

CHRIS NICHOLLS  |  TUESDAY, 18 SEP 2007
Australians pumped record sums into their superannuation funds over the June quarter, with $72 billion in total inflows marking the largest quarterly increase in history, according to the Association of Superannuation Funds of Australia (ASFA).

A third of over 55s will never retire: Citibank

CHRIS NICHOLLS  |  MONDAY, 17 SEP 2007
Nearly a third of Australian workers over 55 years old have no plans to retire, and 14 per cent intend to work well past 70, according to Citibank's latest Retirement Index.

Macquarie NOHC a work in progress

WWW.THESHEET.COM  |  MONDAY, 17 SEP 2007
Macquarie Bank on Friday unveiled details of its plan to split into separate banking and non-banking businesses controlled by a non-operating holding company but cautioned that the blueprint would be subject to change.

Merger to create $10bn property fund

CHRIS NICHOLLS  |  MONDAY, 17 SEP 2007
Centro's proposed merger between their Shopping America Trust and Retail Trust is set to create Australia's ninth largest property fund, with assets worth $10.1 billion.

Perpetual rejigs wealth and asset mgmt arms

MICHAEL HOBBS  |  MONDAY, 17 SEP 2007
Listed fund manager Perpetual has restructured its wealth and asset management divisions moulding them into five new units in line with the growing importance of the group's private client business.

King doubles size after buying spree

MICHAEL HOBBS  |  FRIDAY, 14 SEP 2007
King Financial Services has doubled its size after it acquired two advisory groups with a combined funds under advice (FUA) of $290 million.

Seven page PDS insurance breakthrough

ALEX DUNNIN  |  FRIDAY, 14 SEP 2007
Allianz has thrown down a huge challenge to the insurance industry with the launch of a direct access life insurance suite of products that not only lower costs by up to 30 per cent but come with a product disclosure statement that is only seven pages.

IOOF gets direct

CHRIS NICHOLLS  |  THURSDAY, 13 SEP 2007
IOOF will offer direct share investment through its platforms as of next year, according to head of strategy and product, Nick Everingham.