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Financial Planning

Asgard reappoints PrefSure; planners premiums down

Asgard Capital Management has reappointed PrefSure Life to manage its insurance arrangements following a review of the group's insurance setup by insurance consultants Rice Walker.

ASIC chairman Lucy warns super advisers not to abuse choice laws

AAP  |  THURSDAY, 5 AUG 2004
The head of the corporate watchdog on Wednesday sent a blunt message to anyone seeking to abuse the trust of Australians when the new flexible superannuation laws come into force: we\'re going to get you.

Deutsche Bank to create $3.5bn merged property trust

AAP  |  THURSDAY, 5 AUG 2004
Deutsche Bank will merge its three Australian property trusts into a $3.5 billion entity with offshore reach and enough scale to deliver an uplift in earnings for unitholders over the next two years, its Australian management arm said on Wednesday.

Aust top 500 private companies post record growth for 2003/04

AAP  |  THURSDAY, 5 AUG 2004
Australia\'s top 500 private companies posted record revenue growth in 2003/04 to a combined $143 billion.

S&P places DDF rating on watch positive

AAP  |  THURSDAY, 5 AUG 2004
Standard & Poor\'s Ratings Services on Wednesday placed its BBB-plus long-term ratings on Deutsche Diversified Trust (DDF) on CreditWatch with positive implications, following DB Real Estate Australia and Deutsche Asset Managements proposal to Deutsche ...

ING Industrial Fund ready to build scale to lift earnings

AAP  |  WEDNESDAY, 4 AUG 2004
ING Industrial Fund (IIF) said today it is well positioned to leverage off its robust platform to find further opportunities to lift earnings.

ING Office overcomes difficult market to lift profits

AAP  |  WEDNESDAY, 4 AUG 2004
Financial services group ING said its ING Office Fund (IOF) overcame a difficult market environment to post a 12% lift in full year profit to $91.6 million

Embezzlement more common but scams hurt most; report

Embezzlement accounts for almost half the incidence where retail investors have been defrauded by their financial advisers while unauthorised trading contributes one third of incidence, according to a new report conducted by Tepana Associates.

Profit warnings for ASX-listed companies on the decline

AAP  |  WEDNESDAY, 4 AUG 2004
The number of profit warnings from Australian businesses fell by nearly one third in 2003/04, with the volatile Australian dollar the major trigger, an Ernst & Young study said on Tuesday.

AMP NZ Office Trust increases payout despite flat profit

AAP  |  TUESDAY, 3 AUG 2004
AMP NZ Office Trust said today it was increasing its payout by 16.9% per unit despite posting a flat June year net profit of $34.1 million ($34.2m in 2003).