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Financial Planning

MIG says Ontario government appeals arbitrator's toll decision

AAP  |  TUESDAY, 3 AUG 2004
The Macquarie Infrastructure Group (MIG) today said that the Province of Ontario has formally filed an appeal against an arbitrator\'s decision relating to the Canadian highway company 407 ETR.

Super contributions up 15.8% to March 04; APRA

Superannuation contributions for the year to March 2004 grew by annual 15.8% from the previous corresponding period, with total assets under superannuation arrangements at $596 billion the Australian Prudential Regulation Authority (APRA) said on Monday.

Lend Lease suspends controversial share buy back

AAP  |  TUESDAY, 3 AUG 2004
Lend Lease Corporation on Monday announced it was suspending its controversial on market share buyback of up to 44 million shares until after the release of its annual results.

Macquarie Bank launches Macquarie Securities in Asia

AAP  |  MONDAY, 2 AUG 2004
Macquarie Bank has launched Macquarie Securities, its new Asian cash equity business, which it said was a significant expansion of Macquarie\'s investment banking platform across the Asia Pacific region.

S&P affirms Zurich Aust ratings, outlook stable

AAP  |  MONDAY, 2 AUG 2004
Standard & Poor\'s Ratings Services said today that it has affirmed its A insurer financial strength and counterparty credit ratings on nonlife insurer Zurich Australian Insurance (ZAIL), and life insurance subsidiary Zurich Australia (ZAL), together ...

News Corp exit will not hurt ASX, says Humphry

AAP  |  MONDAY, 2 AUG 2004
The departure of News Corp from the Australian sharemarket would not have any long term adverse effects, Australian Stock Exchange chief executive Richard Humphry said on Sunday.

Top performing super fund goes public

The top performing superannuation fund over a five-year period will be open to the public from today after the NSW Bookmakers fund went public when it signed Equity Trustees as its new superannuation trustee.

Stevedores super holding down No 1; Rainmaker

The preliminary results for the default options of more than 60 superannuation funds to have reported returns for the 2003/2004 financial year show industry funds hold down four of the top five positions for past year, Rainmaker Information said today.

UBS to launch global property fund

UBS Global Asset Management Australia is to join the growing list of fund managers tempting Australian investors into offshore property when it launches a global property fund within the next two months.

Trust to offload equity custody business to ANZ

AAP  |  THURSDAY, 29 JUL 2004
Financial services group Trust Company of Australia said today it had entered into an agreement with ANZ Banking Group to offload its equity custody business, which would generate a one-off profit of around $2.5 million this financial year.