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Financial Planning

PGIA's property rating upgraded to 'strong'

Standard & Poor's (S&P) has awarded an Assirt four star rating to the Principal Global Investors Australia (PGIA) Property Securities Fund and upgraded its assessment of Principal's capabilities in the Listed Property Trust sector from 'competent' to ...

Tasplan Super reorganises its investment manager line up

Tasplan Super has completed its review of its domestic and overseas equities investment sectors and has subsequently rearranged its fund manager appointments.

Macquarie launches mortgages in reverse

Macquarie Bank has launched a reverse mortgage called 'Silver Lining' which will allow retirees to convert the equity in their home into an income.

HSBC Australian property securities funds affirmed

Standard & Poor's has affirmed its 'strong' Assirt property securities sector ratings on HSBC Asset Management (HSBCAM) including the HSBC Australian Property Securities Trust and HSBC Property Securities Wholesale Fund, however HSBCAM's direct property ...

ASIC documents and expands relief rulings

The Australian Securities and Investments Commission (ASIC) has released an updated report detailing its relief rulings given to financial service providers from certain provisions of the Corporations Act 2001, and has also issued a new class order broadening ...

ASIC rubs out financial planner for two years

The Australian Securities and Investments Commission (ASIC) has banned David Rosewell from acting as a financial planner and dealers' representative for two years after finding him guilty of non compliance with financial services law and having reason ...

BT yields to baby boomers

BT Financial Group has launched a new-style yield fund targeted towards the retirement needs of the baby boomer generation.

Financial planning group wraps deal with ASGARD

The Association of Independently Owned Financial Planners (AIOFP) continues to build on its relationship with ASGARD allowing AIOFP members access to ASGARD's eWRAP super and pension products under its badged Personal Choice eWrap service.

Fidelity continues to expand

Fidelity Investments Australia continues on its recruitment drive appointing Brendan Prowse as associate director for business development and Peter Smyth as head of product.

Sunsuper and MLC roll out clearinghouse facilities

Sunsuper and MLC, with Plum Financial Services, are the latest to launch clearinghouse facilities to support employers in a post choice of superannuation fund environment.