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Financial Planning

Last weeks for AMP Capital China Fund 2

The AMP Capital China Fund 2 is set to close in Friday 17 June 2005.

Asgard enhances partnership with Advance

Advance Asset Management has formulated a new deal with Asgard for the provision of administration services and a registry platform for Advance's fund management and superannuation products.

Minter Ellison fund goes to Aon

The Minter Ellison Partners' Superannuation Fund has decided to enter an outsourcing arrangement with the Aon Master Trust.

Navigator cuts life insurance cost

Navigator has cut its life insurance premiums by up to 29 per cent in preparation for choice of fund legislation on July 1, 2005.

Russell wins $400m for corporate super

Russell Investment Group has won $400 million in mandates for its corporate super master trust with George Weston Foods and GE Corporation outsourcing the management of their super to the Russell SuperSolution Mastertrust.

CPAs want better SoAs

CPA Australia has welcomed the Federal Government's Refinements to Financial Services Reform proposal but has expressed a desire for the government to go further to allow Statements of Advice (SoA) to be less complex and arduous.

NAB to support mortgage broking businesses

The National Australia Bank (NAB) will utilise its experience in assisting financial planners to create a division that supports external businesses involved in both mortgage broking and financial advice - NAB Financial Planning and Third Party.

GMO a consistent modest performer

Morningstar has awarded the investment strategy of GMO's Australian Small Companies fund a 'recommended' rating believing the fund will produce consistent moderate long-term performance.

Infocus to construct new badged product

Financial advisory dealership Infocus Money Management has joined forces with Aviva Australia to create a $500 million badged product to be included on the Navigator funds administration platform.

IFS changes advertisements to suit ASIC

Industry Fund Services (IFS) will be allowed to advertise on behalf of industry superannuation funds after it gave the Australian Securities and Investments Commission (ASIC) an enforceable undertaking late Friday.