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Financial Planning

Virgin Money to 'shake-up' super

Virgin Money is set to launch a superannuation fund in time for choice of superannuation on July 1, 2005 with a $30 million investment from the Virgin Group.

ASIC acts against wealth management promoter

ASIC has taken action against Jamie McIntyre and his company 21st Century Academy Pty Ltd preventing them from promoting any further wealth creation schemes.

Macquarie Fortress Notes gets Zenith 'recommended' rating

Zenith Investment Partners has awarded Macquarie Fortress Notes a 'recommended' rating believing the product offers investors an opportunity to receive a consistent return above cash while preserving their capital.

Zurich revamps its life risk products

Insurance based financial services provider Zurich Financial Services Australia has enhanced the life risk product range it has on offer.

Government eases work to retirement

The Federal government will allow Australians to extend their working life by enabling them to access their superannuation through an income stream without having to retire permanently from the workforce.

Primelife's settlement with ASIC comes at a high price

ASIC has reached a settlement with Primelife with regards to 20 allegedly unregistered management investment schemes including a payment of up to $600,000 to meet ASIC's legal costs and up to $1 million to cover independent accountant reports.

SwimEC off to flying start

After seven years in the making the financial services industry has launched its swimEC electronic standard, which aims to standardise electronic superannuation transfers across the industry.

Choice of super advice to be evaluated

ASIC has announced it will undertake a nation wide shadow shopping survey to assess the quality of advice being given to consumers as they prepare for their strategies under the choice of superannuation legislation to be introduced on 1 July 2005.

Intech appoints Perennial to manage bond mandate

Intech has appointed Perennial Investment Partners to manage a $300 million Australian fixed interest mandate.

ASIC's 'Super Switching' campaign catches Tasmanian adviser

ASIC has begun action against a Tasmanian man following its 'Super Switching' campaign launched in December last year.