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QBE Insurance issues $530 mln in convertible securities

AAP  |  TUESDAY, 21 SEP 2004
... securities are in US dollars to provide a natural hedge for the substantial shareholders funds in our US operations. In the next few weeks, QBE intends to raise medium term debt of approximately $400 million to repay the balance of the bridge facility. ...

Aust households financially confident in year ahead: survey

AAP  |  TUESDAY, 21 SEP 2004
... which surveyed 1,500 Australians nationwide, more than half, or 66%, were confident about their financial situation in the next 12 months, compared to 15% who were worried. Report author Christena Singh said the overall level of confidence amongst Australians ...

Perpetual to shift head office

... announced today it will be relocating its Sydney head office to a single premises at Angel Place, 123 Pitt Street from late next year. Perpetual's managing director, David Deverall said that the group will lease six floors in Angel Place and said there ...

Mariner starts cash flow pension

... structure their assets correctly using a Term Allocated Pension, a retired couple may be entitled to around $500,000 over the next 20 years, and a single retiree over $300,000 by way of a government age pension," he said. Mariner Listed Lifestyle Bonds ...

S&P says Tower ratings not immediately affected by spinoff news

AAP  |  WEDNESDAY, 15 SEP 2004
... Australia is rated BBB-plus/stable. S&P said details of the proposed spin-off, which are still in their infancy, will be decided next month. The overall impact on the financial strength of the Tower group is unlikely to be outside of its current rating ...

Choice to fuel super fund growth; Rainmaker

The introduction of choice of fund legislation next year could spark an explosion in the number of individual super funds, Rainmaker Information director of research Alex Dunnin said. According to Rainmaker Information's June quarter Benchmarking report ...

Business expectations continue to accelerate, NAB survey

AAP  |  TUESDAY, 14 SEP 2004
... interest rates are expected to rise and house prices should fall in all capital cities. On house prices, expectations for the next year have weakened, at the margin, with the Australian average expected movement in prices falling by 1.6%. As per previous ...

FPA issues member notice and calls for submissions

... ahead of that time. The FPA also invited members to comment on its property investment advice discussion paper ahead of its next meeting on 23 September. The FPA's Legislation and Regulation Committee said it is considering the need for a FPA submission ...

Advisers turn bearish the sharemarket

... said financial advisers had turned sharply bearish on the outlook for the performance of the Australian sharemarket over the next six months. But according to the results of the September quarter Sentiment survey, while adviser sentiment had turned from ...

Labor ripe for the picking on super; ASFA

... opportunity to offer a clear strategy on adequate retirement incomes for our ageing population. \"This is public policy for the next four weeks, not Australia's future.\" ASFA said Labor had chosen to abolish the new "and welcome" super co-contribution ...