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Financial Planning

IFSA report compares super fund features and services

The Investment & Financial Services Association (IFSA) has released a new report detailing the varying features and levels services offered by superannuation funds to assist employees in their approach to choice of fund.

ISS acquires Proxy Australia

The global group Institutional Shareholder Services (ISS) has acquired corporate governance research firm Proxy Australia.

ASIC provides guidance on superannuation calculators

The Australian Securities and Investments Commission (ASIC) will exempt providers of superannuation calculators from the need to hold a financial services licence or where the provider is already licensed from some of the conduct and disclosure provisions ...

INGIM launches global equity yield fund

ING Investment Management (INGIM) has launched its Global High Dividend Fund to wholesale investors in Australia.

Super launch for Virgin

Virgin Money has launched its low cost Virgin Superannuation fund with a flat 1 per cent per annum fee and no entry, exit, contribution or switching fees.

CPAs release Choice reference guide

CPA Australia has prepared a new guide to assist employers, employees and public practitioners comprehend the impact of choice of fund legislation to be introduced on 1 July 2005.

BT invests in JF Aqua

BT's multi strategy yield fund has invested in specialist commercial mortgage manager JF Aqua as part of its alternative investments.

ATO calls on SMSF trustees to get it right

The Australian Tax Office has encouraged trustees of self managed superannuation funds (SMSF) to ensure the ownership of assets are held by the fund and not the trustee.

Investors warned not to rule out entire sectors

Australian equity research company Lincoln Indicators has urged investors not to rule out entire sectors when looking to contruct portfolios as this type of approach could lead to missed investment opportunities in top quality companies.

IFM secures Pacific Hydro

Industry Funds Management (IFM) has finally succeeded in its bid to takeover Pacific Hydro after rival Spanish bidder Acciona S.A. decided not to increase its offer price for the renewable energy company and agreed to accept IFM's $5.00 per share offer.