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Financial Planning

CSS to appoint new independent trustee

Having been folded into a new entity under Australian Administrative Service (AAS), Challenger Superannuation Service (CSS), will change its current trustee and is expected to announce the appointment of a new independent trustee within the next few ...

Investors Mutual funds take a dip.

Investors Mutual released the financial year-end results for its Australian Share Fund, Industrial Share Fund and Future Leader Fund, highlighting all three funds performed below benchmark for the 2003/2004 financial year.

Investment managers add value: Mercer

Mercer Investment Consulting\'s latest fund manager survey highlight the average fund manager added 0.6% to fund performance over the past financial year.

Mariner to purchase Opera House Car Park

Financial services group Mariner Financial, today announced it had entered into a conditional contract to acquire the Sydney Opera House Car Park to be included in the group's second retail syndicate, the Mariner Infrastructure Trust No 1.

FSR complexities will be resolved: Sen Cameron

Speaking at the Financial Planning Association Sydney Chapter lunch this week, Senator Ross Cameron said the current disclosure requirements contained in Statements of Advice are too complex, consumer unfriendly and too long.

ATO targets retiree strategy

AAP  |  WEDNESDAY, 14 JUL 2004
The Australian Tax Office (ATO) is reportedly scrutinising a popular investment strategy in a move which could result in hefty tax bills for thousands of retirees.

Suncorp appoints Investa to manage property portfolio

AAP  |  TUESDAY, 13 JUL 2004
Integrated financial service group Suncorp Metway today said Investa Property Group has been appointed to manage its national corporate property portfolio.

FPA implements education changes

The Financial Planning Association (FPA) today announced changes to its educational program removing the provision of entry level financial services education to concentrate on the establishment and maintenance of higher educational standards for existing ...

Coonan warns against retrospective super legislation

AAP  |  TUESDAY, 13 JUL 2004
Federal Assistant Treasurer Helen Coonan said on Monday she sympathised with people locked into superannuation policies by high exit fees, but warned it would be difficult to legislate retrospectively to address the situation.

S&P says working to understand changes to LPT indices

AAP  |  TUESDAY, 13 JUL 2004
Standard & Poor\'s said on Monday it is working with rated managers to understand how material changes to benchmark indices in the listed property trust (LPT) sector would affect their ability to add value under existing investment mandates.