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Superannuation

Magnitude on the lookout for practices in growth phase

Magnitude Financial Planning, the financial planning business of BT Financial Group, has announced a tie-up with regional NSW-based financial planning group QUBE, a maiden deal ahead of a series of similar tie-ups this year.

Franklin Templeton creates merged global fixed income platform

Franklin Templeton has established a new global fixed income platform, the Franklin Templeton Fixed Income Group, by combining the fixed income teams of Franklin Advisers Inc and Fiduciary Trust Company International.

Avanteos seals Goldman Sachs JBWere outsourcing deal

Platform provider Avanteos has more than doubled its funds under administration (FUA) to over $8 billion after bedding down its outsourcing tie up with Goldman Sachs JBWere.

Planners eye Centro direct property

The nation's love affair with direct property continues with Centro Direct Property Fund (DPF) doubling in size to just over $550 million in funds under management since its re-launch 18 months ago.

Suncorp hands HFA $88.7m mandate

Suncorp Life and Superannuation Ltd (Suncorp) has handed HFA Asset Management (HFA) a mandate worth $88.7 million, taking HFA to over $2 billion in assets under management.

Bluestone reverse mortgage to offer interest rate protection

Bluestone Equity Release, a subsidiary of Bluestone Group, has released a new reverse mortgage product with a "capped for life" variable rate providing interest rate protection for retirees.

APRA not budging on June RSE licence deadline

Superannuation watchdog APRA has announced that existing superannuation trustees have until February 17 to apply for an RSE licence. After that, all bets are off.

INVESCO to make waves in retail market

INVESCO hopes to use the global muscle of its parent company AMVESCAP to capture a wider share of the retail investor market and is due to launch four new funds in the first half of this year.

BT Aussie small caps upgraded to four stars

BT's Australian small cap companies funds have been upgraded by S&P from three to four stars.

CFS adds new manager plus MTM

Commonwealth Bank owned Colonial First State has added a new multi manager option to their platform, FirstChoice, and included Acadian Australia on the menu, widening the investment choice for members.