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Financial Planning

ASIC and APRA move to streamline intra-fund transfers

A new class order by ASIC will permit members of funds to be transferred between products within a fund without the members' consent as the industry moves towards the rationalisation of fund products.

Mercer proposes lower taxes on super and a rise in pension age

Mercer Human Resource Consulting has recommended the Federal Government reduce taxes levied on superannuation funds and raise the official pension age from 65 to 67 in order to address the problems presented by the aging workforce.

InfoComp signs up another global brand

InfoComp has signed up another large global player with RBC Global Services Australia to start using InfoComp's fund administration platform Composer from April.

A bullish approach to AMP's Value Plus strategy

Morningstar has given AMP's Value Plus strategy an investment grade rating and whilst the manager has delivered strong returns, the research house highlights the issue of resources and team stability.

S&P OKs Gottex funds despite changes

Standard & Poor's has affirmed the 'strong' Assirt rating on the fund of hedge fund Select Gottex Market Neutral Funds as Gottex moves to 'soft' close the fund.

Strong inflows for Ausbil Dexia as top performing fund opened to retail market

Ausbil Dexia has raised its funds under management to $2.5 billion after receiving solid inflows during the last quarter of 2004 predominantly through the firm's Australian equities portfolios with the Australian Active Equity and Emerging Leaders funds ...

Goldman Sachs JBWere faces domestic challenges

Standard & Poor's has given its stamp of approval over Goldman Sachs JBWere Asset Management's (GSJBWAM) outsourcing relationship with Wellington and Federal Street rating its business management capabilities as 'strong', but in response to recent staff ...

Super choice will place more emphasis on planners' professional development

Mercer Wealth Solution has implemented five new professional development and compliance procedures after the wealth manager predicted the key to financial adviser survival in the choice of fund environment will be dependant upon his or her continual ...

Intech passes $6 billion in funds under management

Intech's implemented consulting service has experienced over 80 per cent growth in the past year and has now exceeded $6 billion in funds under management.

Mariner announces strong half-year profit and adds TAPs to its products

Mariner Financial has recorded a net profit after tax of $2,345,000 with earnings per share of $0.04 and net tangible assets per share of $0.62 for the six months to 31 December 2004.