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Financial Planning

Property trusts dominate local M&A activity

KPMG's corporate finance M&A survey has revealed an upward trend in global M&A and property trust activity dominating the trend in Australia.

Another casualty in Tasmanian solicitor schemes

The Australian Securities and Investments Commission (ASIC) has picked up another scalp in its campaign against solicitors mortgages after Haydn Dodge of Sorrel, Tasmania pleaded guilty to fraud charges in the Supreme Court of Tasmania.

Babcock & Brown to expand range of activities

Babcock & Brown is set to broaden its range of investment and advisory activities to include large-scale equity investments both domestically and overseas by establishing Babcock & Brown Capital (B&BC), an externally managed investment company.

Positive news at last for Rivkin Financial Services

After a week of turmoil the board of Rivkin Financial Services (RFS) has been able to produce some positive news with the appointment of FSP Equities Management as the company's investment manager to oversee for the next two years.

Non-investment grade for Rubicon Australian Leaders Fund

ASSIRT Research has given Rubicon's Australian Leaders Fund (RALF) a non-investment grade rating mainly due to the fund's remuneration arrangements and risk issues.

Bravura moves to buy Syscorp

Financial services industry newcomer Bravura Solutions will purchase wealth management and portfolio administration software provider Syscorp.

Sunsuper snowballs its education and financial planning services

Sunsuper has appointed the Snowball group to provide education and financial planning services to its NSW and Victorian corporate accounts and member base.

Investment management company director gaoled for seven years

The Sydney District Court has sentenced Robert Walker to seven years' gaol with a non-parole period of four and a half years after he pleaded guilty to 21 counts of deception under the Crimes Act 1900.

Super funds perform again with double digit returns

SelectingSuper, a division of Rainmaker Information, has reported double digit returns by funds in its October 2004 superannuation performance tables.

AMP employees now members of SignatureSuper

The AMP Officers' Provident Fund (OPF) has decided to transfer of all its arrangements to AMP's SignatureSuper corporate master trust.