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Financial Planning

Challenger wins Funds SA $70m mandate

The Superannuation Funds Management Corporation of South Australia, Funds SA, has awarded a $70 million mandate to the Challenger Financial Services Group.

ASIC moves against unlicensed business

The Australian Securities and Investments Commission (ASIC) has begun proceedings in the Federal Court in Perth against David Alan Zohar and Swancove Enterprises Pty Ltd (Swancove) following an investigation into written advertisements and the operation ...

GoldLink GrowthPlus gets 'investment grade' rating

Standard & Poor's (S&P) has awarded GoldLink GrowthPlus an Assirt rating of 'investment grade' after reviewing the product's structure.

ASIC offers super switching guides

The Australian Investments and Securities Commission (ASIC) has released a guide aimed at ensuring financial advisers do not breach the Corporations Act 2001 when giving advice about switching superannuation funds in the new Choice environment.

Unlicensed financial adviser caught out

An Australian Securities and Investments Commission (ASIC) investigation has resulted in Donald Maxwell facing one charge of carrying on a financial services business without an Australian financial services license (AFSL).

Researchers size-up Portfolio Partners

Standard & Poor's has placed two of Portfolio Partners (PPL) Australian equities funds on hold while Morningstar has rated the company's small caps capabilities as investment grade.

Former RetireInvest franchise joins IRIS dealer group

Former RetireInvest dealer network, now established as IRIS Financial Group, has joined with another former RetireInvest franchise, 'Retirement Tasmania' increasing its funds under advice (FUA) by 20 per cent.

HFA closes Octane Fund Series 2 after passing $90m

Absolute return fund manager HFA Asset Management has closed its Octane Fund Series 2 after the product raised in excess of $90 million over 12 weeks.

Research reveals industry funds perform

Research commissioned by Industry Fund Services reveals industry super funds have outperformed for the fifth consecutive quarter generating more dollars for members compared with retail master trusts.

Lonsdale signs up Praemium

Lonsdale Financial Services planners will be able to use Praemium Portfolio Services following an arrangement reached between the two groups.