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25 July 2011 • By Victoria Tait • 1 min read

S&P downgrades Perpetual fund

The rating agency says it has a lower level of conviction in the CEF manager replacing Sevior.Standard & Poor's Fund Services has downgraded ...

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Valuations defy uncertainty on fee-for-service

Financial planning practice valuations have held up despite legislative uncertainty.A race for product distribution has underpinned practice ...

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Fee-for-service: Advice industry gets a wake- up call

Financial planners face a legislative ban on commissions in favour of fee-based revenue. With scant detail and a deadline around the corner, advisers ...

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Overheads bedevil advisers: Macquarie

Revenues edged up to just over $1m but have yet to revisit pre-GFC levels, annual report shows.Financial advice businesses have done a good job of ...

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Centuria in the market for fund managers

Chief executive says acquisitions are 'a major focus'.Publicly listed Centuria Capital will look to buy fund managers with up to $1.5 billion in ...

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Debt crisis won't affect Australia

Australia's strong ties to emerging markets growth will steer it though Europe's crisis, an OECD economist said.The sovereign debt problems ...

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CBA appoints new chief executive

Australia's biggest bank by market value has announced a new CEO. The Commonwealth Bank of Australia (CBA) has announced that its current chief ...

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BGL to offer greater actuarial choice

BGL will be adding two more actuarial partners to its Simple Fund service later this year.Superannuation and compliance software provider BGL ...

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Rewards Group growers consider action

Investors caught in the collapse of agribusiness firm Rewards are considering legal action.Investors have been left with little choice but to consider ...

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FPA lures executive to push brand

United Kingdom-based Co-Operative Financial Services business development manager Lindy Jones has joined the FPA.The FPA has hired Lindy Jones as its ...

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