Lifeplan inflows reach milestone
Specialist funds manager Lifeplan Funds Management claims to have achieved $100 million in new business inflows in the first four months of the current financial year.
It is the third year in succession that Lifeplan has surpassed $100 million in new business, according to general manager Matt Walsh, setting an internal record.
“This year’s achievement surpasses the five months taken to achieve the $100 million new business level in 2006-07, and the six months to hit the same milestone in 2005-06,” Walsh said.
“Total assets and funds under management have increased for the sixth successive year, and we have maintained our position as the largest provider of investment bonds in Australia, he said.”
Recommended for you
Insignia Financial has announced the status of the two private equity bidders as due diligence comes to an end, with one bidder opting to pull out.
The corporate regulator has cancelled the AFSL of a Queensland-based financial services provider, having held the licence since mid-2016.
The financial advice industry has reacted to the appointment of Dr Daniel Mulino as the new Minister for Financial Services, with hopes for improvements in legislation and education standards.
With less than one-third of Australian business owners seeing an adviser, Business Health has detailed how advice practices can successfully target this underserved client segment.
