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Financial Planning

ASSIRT maintains confidence in AMP but brand still an issue

While ASSIRT believes AMP Capital demonstrates strong investment capabilities the fund manager still faces the challenge in re-building its brand and increasing its business with independent financial planners.

STA exceeds $6 billion in FUM

AAP  |  MONDAY, 10 JAN 2005
The Superannuation Trust of Australia (STA) today announced it closed the 2004 calendar year with $6.06 billion in funds under management following strong growth.

Newsflash - FPA awards CFP contract to Securities Institute

The Financial Planning Association (FPA) has ended months of speculation by awarding the contract for the administration of its Certified Financial Planning (CFP) program to the Securities Institute of Australia (SIA).

Russell caps off 2004 with Medibank mandate win

Medibank Private has chosen Russell to manage its $1 billion insurance assets. During 2004 Russell has attracted new clients including AV Super and Trust Company of Australia growing assets under advice by $7 billion.

Early release super scheme promoter to stand trial

The Southport Magistrates Court has committed Mark David to stand trial on 12 charges of fraud for his involvement in an illegal scheme that encouraged certain superannuation funds to release their members' entitlements early.

ASIC bans unlicensed advisers

The Australian Securities and Investments Commission (ASIC) has stepped up its campaign against illegal early access to super by obtaining permanent injunctions to prevent Manito Pty Ltd and Steven Preston from providing unlicensed superannuation advice.

Macquarie expands business in New Zealand through PwC purchase

In a bid to expand its wealth management business Macquarie is set to purchase PriceWaterhouseCooper's (PwC) New Zealand financial planning business.

Colonial First State FirstChoice Employer Super fund heads toward $600 million

The momentum continues for Colonial First State's (CFS) FirstChoice Employer Super fund winning another client, Commander Communications Limited.

Disqualified trustee pleads guilty to APRA superannuation charges

Disqualified trustee David Foulds, of the $3 million Wall and Ceiling Superannuation fund, has pleaded guilty to falsifying records of the fund with intent to deceive APRA.

Rivkin contender puts forward names

One of the groups contending for control of Rivkin Financial Services (RFS) at the next round of general meetings in February has released its nominations to the board after a court ruling decided on costs in a recent case regarding alleged insider trading.