AMP Capital completes successful capital raising for shopping centre fund

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AMP Capital has successfully raised $200 million from new and existing investors in the flagship AMP Capital Shopping Centre Fund. The equity has been raised from Australian institutions and a... Read more continue reading

Elders Financial Planning announces new senior appointment for WA

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Elders Financial Planning has announced the appointment of Albert Di Sabatino as Regional Manager, West, as a key element of its expansion activity across Western Australia. Elders Financial Planning Chief... Read more continue reading

Weekly market & economic update

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Europe dominated investment markets over the past week following an initially botched bailout of Cyprus, along with uncertainty regarding Italy and poor business conditions indicators or PMIs for March. All... Read more continue reading

Job market winners & losers

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Employment rose by 102,400 over the three months to February – the biggest quarterly gain in five years. Strongest sector was Wholesale trade (up 39,500) while Manufacturing employment fell by... Read more continue reading

ASIC consults on risk management for responsible entities

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ASIC has released a consultation paper and proposed regulatory guidance on risk management practices for responsible entities in the managed funds sector. ASIC Commissioner Greg Tanzer said the need to standardise... Read more continue reading

ASIC Guidance on asset-based fees a step too far

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  Part of ASIC’s guidance on conflicted remuneration has been taken a step too far, according to Claire Wivell Plater, managing director of The Fold. “Under the new guidance, if... Read more continue reading

Westpac & St George to double female planners

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  Westpac and St.George Financial Planning aims to double the number of women working in planner roles by 2015 to over 700 planners. This initiative will see current female representation... Read more continue reading

FPA launches mandatory degree requirement campaign

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The Financial Planning Association (FPA) has launched an advertising campaign reminding financial planners that from 1 July 2013, it will be mandatory to hold an approved degree to become a... Read more continue reading

SPAA backs stricter definitions for advisers and planners

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The SMSF Professionals’ Association of Australia (SPAA) fully supports the Federal Government’s decision to restrict the use of the terms “financial planner” and “financial adviser”.   Under the new legislation,... Read more continue reading