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General

Navigator launches wealth protection insurance services

Navigator Australia today announced it had added a comprehensive range of wealth protection (life insurance) products to its state-of-the-art administration platform. This initiative is in response to demand from independent financial advisers.

Wealth management slowdown dents Suncorp's half-year profit

A sharp slowdown of inflows into its wealth management division has put a cap on Suncorp-Metway’s half-year profits, it announced today.

Costello "sympathetic" to tighter payout regulations

Federal Treasurer Peter Costello today indicated that he was prepared tighten regulations governing corporate payouts as public opinion firmed against the latest in a series of controversial termination packages to Australian executives.

ASIC orders Retireinvest to improve its disclosure standards

The Australian Securities and Investments Commission (ASIC) today announced that it has obtained an assurance from Retireinvest, a licensed securities dealer, that it will improve its disclosure methods following concerns that its customers had been ...

Rogue Melbourne broker gets 16 month suspended sentence

Former Melbourne stockbroker Mark Steele has been sentenced to 16 months imprisonment, fully suspended for two years, on 11 charges brought against him by the Australian Securities and Investments Commission (ASIC).

FPA spells out its commitment to disclosure

The Financial Planning Association (FPA) has outlined its opposition to hidden commissions ahead of next week’s Joint Parliamentary Committee on Corporations and Financial Services next week in Canberra

FPA unveils revamp of CFP education program

The Financial Planning Association (FPA) has announced a revamp of its Certified Financial Planner education program in a move that it hopes will raise industry standards as a whole, in recognition of the “need to maintain continuing professional competence.”

IAG half-year profits up 27% to $290 million

Insurance Australia Group (IAG) today announced a 27% increase in its half-year profit to December 31 over the corresponding period in 2001.

Morning market wrap: All Ords close lower

The All Ordinaries index closed 0.86% lower as several major shares headed south.

Property returns beat equities, but inflows slow up: study

Property again outperformed domestic equities in January, but inflow growth decreased during the period, according to research released today by Rainmaker Information.