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Financial Planning

AXA inflows up as life business steady

AXA has boosted gross wealth management inflows in 2004 by 16 per cent citing strong support from it's adviser networks, an improved suite of products and generally buoyant market conditions.

More financial education required

Recent surveys and statistics have shown consumers are still in need of financial education particularly in regards to superannuation as most Australians are likely to suffer a shortfall in retirement income.

Tower shareholders give nod to spin off wealth management arm

AAP  |  THURSDAY, 27 JAN 2005
Shareholders of New Zealand-based financial services company Tower Ltd today voted to spin off its Australian Wealth Management (AWM) division into a new company.

Goldman Sachs gets the credit from AMP

AMP Capital Investors has appointed Goldman Sachs JB Were to manage its global credit securities within the Core Plus Strategies Fund.

$10 billion for FirstChoice

Colonial First State's platform FirstChoice, which was launched in 2002 has reached $10 billion in funds under administration.

Annuity asset test changes lead to strong inflows

Australian Prudential Regulation Authority (APRA) life insurance statistics have shown $10.9 billion of life office premiums were received during the September 2004 quarter, a 28 per cent increase from the same time last year, on the back of changes ...

Growing focus on global LPT market

As the local LPT market becomes more concentrated, Australian institutional investors are focusing their interest on global listed property trusts according to Franklin Templeton Institutional.

Russell launches new international property fund

Russell Investment Group has launched a hedged, multi manager, multi-style fund allowing domestic investors access to a diversified portfolio of property securities listed on international stock exchanges called the Russell International Property Securities ...

ASSIRT upgrades Goldman Sachs JB Were

Assirt Research has awarded both the JB Were Enhanced Income Wholesale Fund and the JB Were Enhanced Income Fund a four stars rating and has upgraded the Enhanced Income sector capability of Goldman Sachs JB Were from 'Competent' to 'Strong'.

Three Tabcorp super funds go to AMP

Tabcorp Holdings has appointed AMP's SignatureSuper master trust to manage the superannuation needs of the members of the Tabcorp Superannuation Fund, the Jupiters Limited Superannuation Fund, and the Tab Limited Staff Superannuation Fund.