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Financial Planning

Colonial joins the rush of TAP's

Colonial First State has joined the stampede of new product launches, announcing a Term Allocated Pension (TAP) as part of its FirstChoice platform will be available from October.

Suncorp maintaining the faith

Suncorp Investment Management is holding firm to the view of that a recovery on global equity markets is imminent maintaining an overweight position in global equity markets.

Home loans group calls on government to support reverse mortgage

AAP  |  MONDAY, 23 AUG 2004
The federal government should consider helping Australian retirees with inadequate superannuation by supporting reverse mortgages, a specialist home loans group said today.

Get you super licence early; ARPA

Australian Prudential Regulatory Authority (APRA) deputy chairman Ross Jones, on Friday said trustees who nominate early for an application for a superannuation licence will benefit most following the introduction of choice of fund legislation.

AMP recaptures A credit rating after bumper H1 profits

AAP  |  MONDAY, 23 AUG 2004
AMP's back-in-black half-year profit results last week have proven good enough to fulfill the recovering financial services giant\'s stated aim of recapturing an A credit rating.

James Hardie tests resolve of SRI's

Socially Responsible Investment (SRI) funds with exposure to James Hardie are reconsidering their association with the construction giant.

Active managers bounce back in July; Mercer, InTech

The performance of actively managed Australian share funds turned higher in July, producing a greater outperformance in the month than the entire 2003/2004 financial year, according to InTech and Mercer surveys.

IFSA responds to TAP rush

The Investment & Financial Services Association has responded to the rush of Term Allocated Pensions (TAPs) hitting the market, launching an investor education product to explain the new TAP's.

AON joins the switch to Asgard

Risk management firm AON has become the latest group to badge and distribute Asgard's eWrap and adviserNET product advisers in a move it said would streamline delivery of products to its 220 authorised representatives.

Schroder's equity funds tough it out in July; hybrid fund shines

Underperformance from NAB and Sons of Gwalia in July weighed on the performance of the Schroder Wholesale Australian equity fund, which finished down 0.5% in the month against a 0.2% rise in the benchmark ASX/S&P-200 index.