Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Financial Planning

FPA releases draft conflict of interest guidelines

The Financial Planning Association (FPA) has just announced the third and last phase of its clarity and transparency program and released its draft conflict of interest principals to the industry for consultation.

Investorweb expands research team

IWL Limited's research division, InvestorWeb has expanded its research capability appointing Tim Schroeders as general manager of independent research and Angela Ashton in the newly created role as manager for alternative investment research.

MFS Global Equity Trust gets Morningstar seal of approval

Morningstar Research has awarded the MFS Global Equity Trust strategy a 'highly recommended' rating as a result of the fund's performance history and sensible approach to investing.

GSJBWere divests margin lending and outsources platform

Goldman Sachs JB Were (GSJBWere) has sold its margin lending business to Adelaide Bank for $61 million and outsourced its platform and portfolio services to platform provider Avanteos as it looks to focus on service provision to private clients.

Better insurance coverage for Sunsuper members

Sunsuper has decided to use Suncorp as the sole provider for the insurance coverage offered to its members, as well as increasing the amount of cover for individual fund members, following a review of its insurance arrangements.

ING's private equity continues to build

Listed private equity fund of funds ING Private Equity Access Limited (ING PEAL) has invested $8 million in Wolseley Partner takings its overall private equity portfolio to $36.5 million.

Morningstar announces major revamp of ratings

Morningstar has just announced a major revamp of its ratings system doing away with its qualitative approach for star ratings and adopting the US approach whereby star ratings are based entirely on the researcher's quantitative analysis.

HESTA replaces BGI with Western

The $6.8 billion industry fund HESTA has just appointed Western Asset Management to a 'significant' global fixed interest mandate replacing an indexed global fixed interest mandate managed by Barclays Global Investors (BGI).

AMP looks to increase consumer financial literacy

AMP Financial Planning has launched a new campaign designed to improve the financial literacy of consumers and de-mystify financial planning and the financial services industry.

GSJBWere expands with new private wealth heads

Goldman Sachs JB Were has created two new co-heads of private wealth management as it looks to further promote its retail business.