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Financial Planning

ASIC rules out exemptions to Statements of Advice

The Australian Securities and Investments Commission (ASIC) has refused to provide any exemption to financial advisers from providing a Statement of Advice (SoA) in time critical situations following a submission from the Financial Planning Association.

ASIC bans options broker and adviser for 5 years

AAP  |  FRIDAY, 1 OCT 2004
An unlicensed financial adviser and a former options broker have been banned from providing financial services for five years over a failed trading strategy that cost nearly 100 clients $15 million.

Qantas flies its fixed interest with Perennial

Qantas Superannuation has appointed Perennial Investment Partners to manage its fixed interest mandate.

MFS acquires 18.85 per cent stake in BreakFree

AAP  |  THURSDAY, 30 SEP 2004
Boutique fund manager MFS Group on Wednesday acquired an 18.85 per cent stake in resorts operator BreakFree for $24.9 million.

Tips for TAPs from BT

Responding to the surge in Term Allocated Pensions (TAPs), BT Financial Group has released a list of "top TAP tips".

Ethical Investment Association's event goes climate neutral

AAP  |  WEDNESDAY, 29 SEP 2004
In keeping with its investment mandate, the Ethical Investment Association's (EIA) has announced it will be hosting a two-day event which it claims is Australia's first environmentally friendly conference.

ING launches private equity opportunity

AAP  |  WEDNESDAY, 29 SEP 2004
Global investment company ING Investment Management has launched Australia's first listed fund focused on private equity funds, ING Private Equity Access (ING PEAL).

Benchmarking costing investors millions: MLC

The practice of fund managers opting to underweight, rather than not hold stocks they don't like is costing Australian investors millions of dollars, Australian largest wealth manager said today.

Go for gold, van Eyk says

Diversification into gold is the key to more stable financial returns, van Eyk Research said today.

ING launches enhanced financial education website

Financial services company ING today announced the launch of its enhanced financial education website L-earn aimed at advisers, superannuation members and the public.