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Financial Planning

Auscoal suffers theft of $1.6 million

AAP  |  THURSDAY, 26 MAY 2005
Hundreds of coalminers may be out of pocket after superannuation fund cheques totalling $1.6 million were stolen from a post office near Newcastle.

Morningstar puts CFS small caps funds on hold

Morningstar has placed two of Colonial First State's (CFS) small companies strategies on hold - Future Leaders and Developing Companies - concerned by poor performance and bulky funds under management and recommended Ausbil Dexia's mid-cap strategy.

Manager reshuffle sees reassessment of IOOF Perennial's Asian and Japanese offerings

Standard & Poor's (S&P) has lifted the Assirt 'on hold' status placed on the IOOF Perennial Asian and Japanese equities funds following a reassignment of fund managers and an integration of its Asian investment teams.

HESTA gets APRA license

The $6.5 billion health and community industry superannuation fund HESTA is the latest fund to receive its registrable superannuation entities (RSE) license form the Australian Prudential Regulation Authority (APRA).

Elders aligns with MLC

The wealth management arm of rural service business Edlers Securities has joined forces with MLC Alliances in order to offer its clients a wider range of services.

Morningstar monitors MLC

Morningstar has rated MLC's multi-manager Australian equities strategy as investment grade but is concerned the large number of submanagers on the line-up - nine - is making it more difficult to manage.

Tasplan endorses industry fund campaign

Tasplan's general manager Neil Cassidy has responded to the latest industry fund advertising campaign saying the $16 million campaign will at last bring out into the open the outstanding value offered by industry funds.

Pacific Hydro instructs shareholders on IFM bid

Pacific Hydro has released Ernst & Young's independent expert report on Industry Funds Management (IFM) $5 per share bid for the group and its target statement unanimously recommending shareholders accept the bid.

Choice awareness grows as willingness to move drops

Awareness of the impending introduction of choice of fund is building according to research conducted by AMP which found that 84 per cent of adult Australians are aware of the change, up 20 per cent in the past month alone.

EY Super chooses Asgard

The Ernst & Young (EY) staff superannuation fund has selected the Asgard platform to provide its members with a tailored default investment option.