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Financial Planning

Guidance on SOAs from ASIC

ASIC has provided guidance on Statements of Advice (SOAs) to help Australian financial services licensees fulfil their obligations under the Corporations Act 2001.

SERF gets a FEAL for chair

The Fund Executives Association (FEAL) has appointed Stevedoring Employees Retirement Fund (SERF) head Terry Newson as its chair.

A focused and fitter FPA for 2005

The FPA's annual general meeting signalled a new 'focused and fitter' association with a continued emphasis on financial literacy and the importance of financial planners.

Navigator gives eight funds the five star treatment

According to Navigator's annual review of the Australian equity sector only eight funds from five different fund managers justified a five star rating. The review encompassed 33 fund managers and the rating of 67 Australian equity funds.

Five-year ban for portfolio manager

ASIC has given Raydn Nolan a five-year ban from the financial services industry after finding he operated a discretionary portfolio management business without holding an appropriate licence.

Credit Suisse appoints Mercer to multi-manage new MasterWrap platform

Credit Suisse Asset Management (CSAM) has appointed Mercer as multi-manager asset consultant for its new MasterWrap platform.

Insurance continues slow downward slide

Life insurance premium inflows continued to slide but were offset by lower policy payments according to life insurance market data released today by the Australian Prudential Regulatory Authority (APRA).

Annuities come under divorce settlements

Annuities will become subject to divorce settlements after the Senate passed an amendment to the Family Law Act today.

New look DKN confirms rosy future

Deakin Financial Services will formally adopt the new name of DKN Financial Group after shareholders voted today to the name change at the group's annual general meeting.

MLC goes online to collect fees

MLC Advice Solutions has introduced an online fee collection system ready to be used by their advisers from December 2004.