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Financial Planning

AFS buy back Zurich's interest

Australian Financial Services Limited (AFS) will buy back Zurich Australia's 39.7 per cent shareholding of the dealer group as AFS attempt to build a wholly dealer owned, dealer operated company.

AXA to help advisers with succession strategies

Financial services group AXA will launch a range of business solutions in November designed to help financial advisers with succession planning and the sale or purchase of their practices.

S&P rates Zurich three stars

Standard and Poor's have awarded Zurich Australian Equities a three star Assirt rating.

Advisers still misunderstood: FPA

The Financial Planning Association (FPA) have released results from a number of surveys which it says reflect positively on financial planners and which they hope will dispel a number of misconceptions about their roles and value.

Fincorp returns $21m to investors

Financial services watchdog ASIC has required finance company Fincorp to return up to $21 million plus interest to more than 1,000 investors of its 2004 prospectus, due to misleading and omitted information in the document.

RetireInvest uses Alliance Programme to build business

To further drive its expansion, RetireInvest has embarked on an Alliance Programme of strategic links to win business.

Mercer NZ to take over GRT

The Global Retirement Trust (GRT) will pass five of its retirement schemes onto Superannuation provider, Mercer Human Resources Consulting in New Zealand when it closes on September 30.

Goldman Sachs JBWere Flex funds get thumbs up

The Goldman Sachs JBWere Global Flex Fund, an international long/short equity fund, is rated "Highly Recommended" by Lonsec in its 2005 review of the Australian and International Long/Short Equity Fund sector released yesterday.

Macquarie launches global infrastructure fund

Macquarie Investment Management has launched an infrastructure fund set to invest in global infrastructure stocks, particularly in China and India where the economic boom will drive the demand for more highways, airports and larger utility providers.

van Eyk adds Bernstein to its Blueprint line-up

van Eyk has appointed Bernstein Investment Research and Management (Bernstein) to its Blueprint Australian Shares fund.