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General

APRA disqualifies ex-Colors superannuation trustee

The Australian Prudential Regulation Authority (APRA) has disqualified Jane Mlikota (nee Parkinson) from acting as a responsible officer of a superannuation trustee...

"You have every right to be disappointed": AMP's Willcox

AMP’s chairman Peter Willcox has attempted to defuse shareholder anger at today’s Annual General Meeting by accepting responsibility for past mistakes...

Master funds and wrap platforms dominate retail inflows: Assirt

Net inflows into master funds and wrap platforms continued to dominate total retail inflows for the March 2003 quarter-with $1.8 billion of net inflows being reported for the period...

Global hedge funds return 2.6% in April: Van

The Van Global Hedge Fund Index rose 2.6 per cent in April, its strongest month since January, Van Hedge Fund Advisors have announced...

Morning market wrap: US shares continue to fall

The Dow Jones index suffered a second consecutive day of modest losses as softer consumer sentiment for the month of April...

Super investment in innovative strategies "questionable": APRA

The compulsory nature of superannuation savings makes it “questionable” whether these funds should be channelled into “cutting edge” financial investments that may involve a higher level of risk...

Afternoon market wrap: All Ordinaries claws back some lost ground

The All Ordinaries recovered some lost ground in afternoon trading but still finished 12 points lower over the day as a whole at 2931.00...

MFS announces 25% profit rise on listed debt trust

McLaughlins Financial Services (MFS) has announced a third quarter profit of $1.13 million on its Leveraged Investment and Securities Trust (LIST)...

ASIC lifts interim stop order on Absolute Capital fund

The Australian Securities and Investments Commission (ASIC) has lifted the interim stop order it placed on Absolute Capital’s ‘Yield Strategies Fund’...

Home loans sector driving major bank profits: PwC

The four major banks have delivered another round of record results this half, with combined underlying profits (cash earnings before significant items) up 6 per cent on the corresponding 2002 period...