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Financial Planning

Mariner buys Megamart bulky goods complex

AAP  |  TUESDAY, 8 JUN 2004
Retirement solutions provider Mariner Retirement Solutions said today it has entered into a contract to acquire the Megamart Alexandria retail site in Sydney for $45 million.

BT announces new mandate and record investment flows

BT Financial Group have announced its Corporate Superannuation division has topped $3 billion fund under administration at the same time revealing a new $37 million corporate superannuation mandate.

FKP acquires new Sydney assets

AAP  |  TUESDAY, 8 JUN 2004
Investment company FKP has acquired another central Sydney office building and a new commercial development at Warriewood for a total outlay of $25.5 million.

Macquarie ProLogis settles on seven US properties

AAP  |  MONDAY, 7 JUN 2004
Industrial property investor Macquarie ProLogis Trust has settled the $US95.5 million ($A137.1 million) acquisition of seven United States properties.

Super fraud thwarted

The Commonwealth Superannuation Scheme, with funds close to $5.5 billion, was unsuccessfully targeted with an attempted $150 million fraud, Channel Nine's Sunday program reported yesterday.

Challenger to explore the sale of US property assets

AAP  |  MONDAY, 7 JUN 2004
Diversified financial services company Challenger Financial Services Group on Friday said it would explore the sale of its two remaining US property assets.

S&P announces quarterly rebalance of S&P/ASX 200

Standard & Poor's today announced the quarterly rebalance of its stock market indices.

Focus to shift from compliance to clients: Rainmaker Marketing Symposium

After focusing on consolidation and compliance in recent years, the financial services industry should begin to focus on building trust and solid client relationships, delegates at the tenth annual Rainmaker Marketing Symposium held this week, were told.

Industry funds outperform over 1-year, 3-years and 5-years

Industry superannuation funds outperformed retail master trusts over a 1-year, 3-year and 5-year horizon, a study commissioned by the Industry Fund Network revealed.

S&P says winds blowing in favour of Aust life insurers

AAP  |  THURSDAY, 3 JUN 2004
A report by ratings agency Standard & Poor's has underlined the view that times are good for Australian life insurers.