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Financial Planning

Argo announces record profits for 2003/04

Australian listed investment company Argo Investments, announced today a 16.7% improvement on underlying profits for the 2003/2004 financial year and a record $78.6 million after tax profit.

IFSA announces industry awards

The Investment and Financial Services Association (IFSA) has concluded its Momentum 2004 annual conference with the announcement of the winners of the IFSA industry awards in recognition of individuals who have contributed significantly to the industry ...

ASIC finds no systemic improper practices in managed funds

AAP  |  MONDAY, 9 AUG 2004
The corporate watchdog has found no evidence of widespread improper investment practices in the managed funds industry in Australia.

After 10 years AXA seeks 100% control of Asia Pacific unit

AAP  |  MONDAY, 9 AUG 2004
Nearly 10 years ago, a $1.1 billion deal gave Europe\'s second biggest insurer, AXA SA, a controlling stake in Australia\'s struggling National Mutual Holdings.

James Hardie a good example of why invest with SRI's; EIA

With James Hardie shares having nose-dived more than 20% in the wake of the furor surrounding the company's handling of its asbestos liabilities, Ethical Investment Association (EIA) executive director Louise O'Halloran told the Financial Standard now ...

Active management in govt bonds fails to deliver; Navigator

The majority of actively managed fixed interest funds within the government bond sector generally struggle to outperform the index net of fees and expenses, Navigator's annual review of fixed interest funds has revealed.

Implemented consulting on the rise; Rainmaker, Counterpoint

Rainmaker Information and Counterpoint Group have released the June quarter Implemented Consulting Survey highlighting not only the ongoing trend to outsourcing investment services but also the increasing use of implemented consultants.

Perpetual buys into Adelaide to Darwin railway

Perpetual's Diversified Infrastructure Fund has secured a second investment, taking a 5.6% equity stake in the Asia Pacific Transport Joint Venture (APTJV), the company announced on Thursday.

Market mulls complex Deutsche trusts merger plan

AAP  |  FRIDAY, 6 AUG 2004
The securities of Deutsche Bank\'s listed property trusts fell on Thursday as investors digested the details of a complex proposal to merge the three.

IFSA issues new fact sheets to educate

Investment and Financial Services Association (IFSA) chief executive Richard Gilbert, today announced the distribution of two new fact sheets for investors as part of the Association's commitment to improving financial literacy.