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Financial Planning

ATO ruling leaves consumers exposed; CPA

Australia's largest accounting body, CPA Australia, which also represents some 3,000 financial planners, said it will seek talks with corporate regulators after the Australian Tax Office (ATO) ruled that unregistered tax agents could give tax advice ...

High fees weigh on Zurich ratings: Morningstar

Morningstar has given Zurich Financial Services' Australian fixed interest fund a 3/5 sector strength rating due to the "relatively high" fees, which it said outweigh the fund's benefits.

Opportunities under new super regime: BT

The new superannuation regime in effect as of yesterday will affect changes across the spectrum of defined benefit and accumulation plan members, self managed super investors, low and high income earners and anyone planning to retire in the new financial ...

BT announces new $40 million corporate super mandate

BT Financial Group today announced it had won a $40 million corporate superannuation mandate from Sims Group, the largest metal recycler in the southern hemisphere.

Fitch says housing downturn unlikely to hurt banks

AAP  |  THURSDAY, 1 JUL 2004
A special report from international ratings agency Fitch Ratings has found Australian banks have sufficient safeguards in place to ensure that a downturn in the residential property market would not translate into material loan losses.

Challenger exits corporate super admin

Challenger Financial Services Group yesterday announced the completion and final sale of Challenger Superannuation Services (CSS) to Australian Administration Services (AAS).

News Corp and Lend Lease sell Fox precinct for $52.8 mln

AAP  |  THURSDAY, 1 JUL 2004
News Corp and Lend Lease have exited their stakes in the Fox Entertainment Precinct in Sydney's Moore Park, selling the shopping and leisure complex to two funds under the management of Colonial First State.

Macquarie Securitisation upsizes bond issue to $1 billion

AAP  |  WEDNESDAY, 30 JUN 2004
Macquarie Securitisation has increased its latest PUMA bond issue from $750 million to $1 billion following strong investor demand.

S&P revises ratings on AMP subsidiaries

AAP  |  TUESDAY, 29 JUN 2004
Standard & Poor's ratings services said today it had upwardly revised the rating outlook on a number of AMP subsidiaries.

Results disappoint for Pioneer

Pioneer Alternative Investments released its trading report for May, revealing disappointing results for its Momentum AllWeather absolute return fund and the Pioneer long/short strategy.