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Financial Planning

High yield mortgage funds score high ratings

While the Westpoint scandal has placed mortgage funds under the microscope, three high yield mortgage products have passed muster to get four-star ratings from S&P.

FPA readies for another dose of Dazza

After the success of their initial "Dazza" value of advice advertising campaign, the FPA is revving up for round two.

ASIC moves forward with reverse mortgage calculator

With the proliferation of reverse mortgages, ASIC has launched a calculator to assist older Australians who are considering a reverse mortgage option.

Macq Cash Management Trust swells to $12bn

Macquarie's Cash Management Trust has swollen to $12 billion in funds under management on the back of continued momentum, adding $1 billion in just the last seven months.

ASIC charges unlicensed advisers

In another classic case of caveat emptor, charges have been laid against four Queensland-based 'investment advisers' for running a business without a license.

Sunsuper TAPS into retirement age workers

Sunsuper is targeting retirement age people who prefer to stay in the workforce longer by adding a term allocated pension (TAP) product and a non-commutable allocated pension to their product offering.

MLC family option could reduce fees by up to 35 per cent

MLC MasterKey Business Super will allow members of an employee's immediate family to join their superannuation fund and gain access to fee discounts and savings of up to 35 per cent.

Twice as many super funds now offering planning advice

New figures released by Rainmaker reveal that the number of superannuation funds offering financial planning to members has doubled over three years, with more industry funds set include planning services.

McPlanning: CBA unveil first one stop shop

The Commonwealth Bank (CBA) last night unveiled a one-stop 'investment shop' that aims to capture the mass financial planning market by offering accessible advice.

Retirees to keep working and leave nothing for the kids

Forty-eight per cent of retirees plan to live off the pension and more than two-thirds of Australians will spend their money rather than save it for their children.