Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

General

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.

Maple-Brown Abbot tops balanced pooled super rankings: Rainmaker

Maple-Brown Abbot (MBA) had the highest returns among Australian fund managers for balanced pooled superannuation funds in 2002, returning a loss of 3.12% in a miserable year investors, Rainmaker Information said today.

Telstra profits down by 44% to $1.18 billion

Telstra’s profits plunged by 44% in the second half of 2002, falling to $1.18 billion for the period ending December 31 2002, the telecommunications giant said today.

Afternoon market wrap: AMP dumped after $896 million loss

Investors delivered another blow to struggling AMP today after it announced a spectacular full-year loss of $896 million, down 230% on 2001.