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Financial Planning

Beware the cold calling con artist

ASIC has advised investors to be wary about unsolicited phone calls or emails offering high returns on shares or other investments after the number of complaints the regulatory body received about the practice doubled in August and September 2004.

Next generation software from IWL

IWL has launched the revised version of its financial advisory software VisiPlan 7.0.

Mortgage broker banned

The Federal Court of Australia has banned Ron Wynhoven from participating in the financial services industry and disqualified him from managing any corporation for five years.

Morningstar says MIR is worth a look

A Morningstar report recommends the MIR equities fund "may be worth considering". It is however not for the "less adventurous".

Reporting requirement relief for employer-sponsored super products

ASIC has eased the reporting requirements under the Corporation Act 2001 for certain employer-sponsored superannuation products relating to lodging 'in-use' notices to the regulatory body.

Stockland positioned for growth opportunities

AAP  |  TUESDAY, 26 OCT 2004
Property developer Stockland Group Ltd today said it was well placed to take advantage of growth opportunities that may present.

MacarthurCook Mortgage Fund reaches $360 million

The MacarthurCook Mortgage Fund (MacarthurCook) has achieved a level of $360 million on the back of strong sales results including $15 million of inflows in August and a further $18 million of inflows in September, consolidating the fund's accomplishment ...

Most Australians without adequate life insurance

AAP  |  MONDAY, 25 OCT 2004
Most Australians either have no life insurance or are relying on insurance provided with their superannuation policy, a Commonwealth Bank survey found today.

Insurance agent sentenced for fraud

The Melbourne County Court has sentenced John Raymond Burton-Clay to 15 months imprisonment suspended for two years after he pleaded guilty to obtaining a financial benefit by deception, theft and obtaining property by deception between July 2001 and ...

Demand remains for underperforming market neutral investments

An industry report on market neutral investment strategies prepared by research house van Eyk has shown continuing strong demand for these schemes despite the fact fund managers of these plans provided poor returns last year in comparison to more traditional ...