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Financial Planning

Standard & Poor's puts DeAM fund on hold after sale

Standard & Poor's has placed the Deutsche Global Bond Fund on hold following the sale of parts of Deutsche Asset Management's (DeAM) global asset management business to Aberdeen Asset Management.

Tower upgrades to Bravura's new solution

Tower Australia has signed up Bravura Solutions to provide a new clearinghouse facility for its corporate superannuation business.

KPMG survey shows IPOs to be number one fundraiser

The KPMG Capital Markets Survey for 2004/05 has revealed IPOs to be the most effective equity raising method in the market, as well as the growing popularity of hybrid securities among investors and issuers.

New structured product ORBITS into the retail market

Capital Guaranteed Investments Limited (CGIL) will launch a structured product which will be available to retail investors on 28 July 2005.

Unsolicited share offers jump

Unsolicited offers to buy shares are on the increase according to the Australian Securities and Investments Commission (ASIC), which reported a 51 per cent increase in reports of such offers over the past 12 months.

Charter Hall and AMP Capital Investors secure 94 million deal with Colonial

The Charter Hall Group through its jointly managed opportunity fund with AMP Capital Investors (PDP No 3) has sold its $94 million lease in Sydney Olympic Park to Colonial First State.

Sunsuper hits back at IFSA report

Sunsuper's chief executive officer Don Luke has responded to the recent Investment and Financial Services Association (IFSA) report warning employers and individuals to "look behind the labels" when choosing a superannuation fund.

Challenger gets serious about infrastructure

Challenger Financial Services has confirmed it is serious about infrastructure and announced it is looking at launching a global infrastructure fund.

Another bumper financial year for super funds

Superannuation funds are well and truly back in the black with the median fund in Mercer's pooled fund survey returning 13.2 per cent for the 2004/2005 financial year following a median 14.2 per cent in the previous financial year.

Australian Unity looks at demutualisation, cautions members

Australian Unity chairman Alan Castleman has urged members to contact him if they receive offers for their membership interests following an announcement the company is looking at demutualising.