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Financial Planning

Challenger in talks to sell UK properties for $762 mln: Report

AAP  |  MONDAY, 26 JUL 2004
Challenger Financial Services Group is in exclusive talks to sell its British property assets for 295 million pounds ($762 million) in one of Britain\'s biggest commercial property investment deals this year.

Macquarie Property, Ochtar form joint venture, MGPA

AAP  |  MONDAY, 26 JUL 2004
Macquarie Property and Ochtar Capital Partners said today they had entered into a joint venture, Macquarie Global Property Advisors.

Court ruling a wake-up for the industry: FPA

The Financial Planning Association (FPA) has told the ABC's Inside Business program that the recent decision handed down by the Victorian Supreme Court ruling the Commonwealth Bank responsible for its authorised advisers was a good wake-up call for the ...

Increase in insurance premiums far less severe

AAP  |  MONDAY, 26 JUL 2004
Insurance premiums are continuing to rise, but increases across most commercial classes are far less severe than in recent years, a report by the National Insurance Brokers Association (NIBA) has found.

Strong showing by Fiducian funds

Fiducian Portfolio Services has rated highly on the latest Mercer Investment Consulting ratings, standing out as the only manager to have two funds in the top 13 performers listed in the latest Mercer tables.

Merrill Lynch Investment Managers launches monthly income fund

AAP  |  MONDAY, 26 JUL 2004
Merrill Lynch Investment Managers (MLIM) today said it had launched a monthly income fund aimed at retail investors.

AFIC's Teele says NAB has great business franchises

AAP  |  MONDAY, 26 JUL 2004
Australian Foundation Investment Co (AFIC) is keeping a close eye on one of its biggest investments, embattled National Australia Bank, but regards it as having magnificent business franchises.

ATO moves in on DIY funds

The Australian Tax Office this week released a paper titled "DIY Super: It's your money…but not yet," as part of an increased effort to crack down on Australians using DIY super funds to evade tax.

Avanteos tops $2bln FUA

Commonwealth Bank-owned wholesale wrap manufacturer Avanteos announced strong inflows during the previous six months had driven its funds under administration past the $2 billion mark.

Active US fund managers underperform

The majority of active US fund managers have underperformed the major US sharemarket indices for the six months-ending 30 June 2004, ratings agency and benchmark operator Standard & Poor's said in a report.