Craig Phillips

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Funds management

28 August 2003

Wealth management blemishes Suncorp Metway results

Suncorp Metway’s wealth management business, with a 29.3 per cent decline in profit, has tarnished what is otherwise an impressive year’s performance for the 12 months en...

Financial planning

27 August 2003

AMP stock climbs on NAB takeover talks

AMP shares rose more than 25 per cent today to highs of $6.52 after National Australia Bank’s purchase of 34.3 million shares hinted to the market that the National is po...

Financial planning

27 August 2003

Account aggregator pitches for adviser business

A new technology start-up company, WealthCare Mutual, is set to launch a software program into the financial services market enabling advisers and their clients to fully ...

Financial planning

27 August 2003

Managers face billion dollar tempest

Nearly 60 Australian fund managers have been set a July 18 deadline by the New Zealand Securities Commission to investigate possible breaches of regulations in filing do...

Financial planning

26 August 2003

IOOF drops MAX and LifeTrack, launches IPS

IOOF yesterday launched its Portfolio Services (IPS) platform, a combination of the group’s discontinued MAX and LifeTrack brands, in response to financial adviser and in...

Funds management

25 August 2003

AXA continues wealth management push

AXA Asia Pacific Holdings (AXA APH), with profit of $287 million, has more than doubled its performance for the six months ending June in comparison to last year’s $134 m...

Financial planning

21 August 2003

ASIC denies head-hunting but bans two advisers

The Australian Securities and Investments Commission (ASIC) today scotched claims that it only targets industry big-hitters by stressing it focuses on “wrongdoing, not in...

Financial planning

21 August 2003

UBS ramps up retail funds capacity

UBS Global Asset Management has closed its Australian equities book to new institutional mandates, opting to use its remaining funds under management capacity to source m...

Financial planning

20 August 2003

ASIC continues Wattle scheme crusade

The Australian Securities and Investments Commission (ASIC) is continuing its campaign against parties linked to the failed multi-level investment scheme, the Wattle Grou...

Financial planning

18 August 2003

AM Corp directors exiled for a decade

The Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC) have accepted enforceable undertakings from AM Corpo...