New executive team member for Plan B deepens key industry expertise

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Plan B Group Holdings (Plan B) has made its second strategic hire under new Chief Executive Officer, Mr Andrew Black, with the appointment of Mr Matt Nile as Group Executive... Read more continue reading

Bendigo & Adelaide Bank acquires Bank of Cyprus

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Bendigo and Adelaide Bank (BEN) has announced that it has reached agreement with the Bank of Cyprus Group to acquire its 100 per cent owned Australian subsidiary, Bank of Cyprus... Read more continue reading

S&P puts sell rating on two Macquarie small cap funds

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Standard & Poor’s Fund Services has moved its ratings for the Macquarie Australian Small Companies Fund and the Macquarie Australian Microcaps Fund from ‘On Hold’ to ‘Sell’. This follows the... Read more continue reading

S&P: Fund ratings unaffected as John Sevior leaves Perpetual

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Standard & Poor’s Fund Services has announced that ratings of Perpetual’s Australian equities funds are unaffected after the announcement that John Sevior will not return to his role as head... Read more continue reading

ASIC’s plans for FoFA

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ASIC has released its plans for publishing regulatory guidance on the impact of the Future of Financial Advice (FoFA) reforms on financial advisers and other industry participants. The proposed commencement... Read more continue reading

FPA’s response to Government’s intra-fund advice rules

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While welcoming the release of long awaited clarifications on definitions of ‘intra-fund advice’ as part of the broader Future of Financial Advice (FOFA, the Financial Planning Association (FPA) will continue to... Read more continue reading

2011 in review and looking toward 2012…should we be scared?

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2011 has been a year full of disasters with floods, earthquakes, civil wars in the Middle East, and of course public debt woes in Europe and the US. Fears of... Read more continue reading

Securitor joins the Association of Financial Advisers

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Securitor, part of BT Financial Group, and home to almost 500 advisers across the country, has become the latest licensee to join the Association of Financial Advisers (AFA). AFA CEO... Read more continue reading

AUI winds up High Yield Mortgage Trust and reaffirms commitment to Mortgage Income Trust

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Australian Unity Investments (AUI) will wind up the High Yield Mortgage Trust (HYMT) from 9 December 2011, while maintaining its focus on continuing to grow its more conservative Mortgage Income... Read more continue reading

AFA Congratulates Minister Shorten on Expanded Portfolio

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The Association of Financial Advisers (AFA) yesterday congratulated Minister Bill Shorten on his promotion to Cabinet. AFA CEO Richard Klipin said, “We congratulate Minister Shorten on his expanded portfolio and look... Read more continue reading