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Financial Planning

XPLAN marks the spot for Navigator data

Financial advisers can now use the on-line financial modelling application known as XPLAN to record and maintain all of the transaction data relating to their clients invested in Navigator products.

Half of Australian workers ignorant on choice

Almost 50 per cent of Australian workers are not aware of choice with most lacking motivation to adopt choice of fund a Superpartners survey has revealed.

More Octane from HFA

HFA Asset Management has launched the HFA Octane Fund Series 2 offering investors an opportunity to participate in a leveraged absolute return fund incorporating a potential tax benefits and capital protection.

ASSET Super granted APRA licence as countdown to choice begins

Following from industry fund REST's successful application for the Registrable Superannuation Entity (RSE) licence Asset Super has become the second superannuation fund to gain an RSE licence from APRA with recent figures from APRA indicating funds remain ...

Colonial's discussions with 452 Capital called off

The Commonwealth Bank has notified the Australian Stock Exchange (ASX) that it has ceased discussions with Peter Morgan's 452 Capital regarding the potential purchase of a majority stake in the boutique fund manager.

Queensland government criticised over moves to stop choice

AAP  |  THURSDAY, 17 MAR 2005
A move by Queensland to prevent proposed federal superannuation changes allowing workers their own choice of fund manager was a backward step, the state Liberal Party said.

Macquarie Private Capital Group oversubscribed

Macquarie Private Capital Group (MPCG) initial public offer of 55 million stapled securities was heavily oversubscribed with broking firms accounting for nearly to and a half times the available stock.

Morningstar corrects HSBCAM numbers

Morningstar has issued another update on HSBC Asset Management after publishing performance figures last week that omitted to account for a distribution.

APRA warns super funds over choice advertising

The Australian Prudential Regulation Authority has written to superannuation trustees warning them that some advertising and marketing campaigns before the introduction of choice may breach the sole purpose test and a trustee's duty to members.

Australians' income cover insufficient

Over two thirds of Australians do not have comprehensive income protection insurance and half of mortgagees or adults with dependents do not have any income protection insurance, according to a survey by Commonwealth Bank's CommInsure.