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Investment

Cashflows down, but Flexible Super shines: AMP

RUTH LIEW  |  THURSDAY, 28 OCT 2010
AMP's new all-in-one AMP Flexible Super product delivered a star performance in the latest quarter, netting $544 million in cashflow, but cashflow numbers elsewhere fell compared to the previous period.

ANZ posts $5bn profit

ELISE BURGESS  |  THURSDAY, 28 OCT 2010
ANZ reported a 33 per cent increase in underlying profit of $5 billion, buoyed by the strong performance of its funds management and insurance businesses.

AFS deal falls, two new prospects emerge

ELISE BURGESS  |  THURSDAY, 28 OCT 2010
Dealer group Australian Financial Services' negotiations with a prospective purchaser have fallen apart - but there are two new interested parties, said the group's chief executive, Peter Daly.

Goodman makes play for $1.2 billion ING REIT

JOHN MCDULING  |  THURSDAY, 28 OCT 2010
Goodman Group, along with "three major pension and sovereign wealth funds", has made a move for the ING Industrial Fund, it was revealed this morning.

Johnson Report holds key to competition

RUTH LIEW  |  THURSDAY, 28 OCT 2010
The most significant recommendation from the four major reviews in financial services comes from the Johnson Report to reduce interest withholding tax, which could place Australia at the top of the global competition ranks, research shows.

MLC stars in NAB $4.2bn profit

RUTH LIEW  |  WEDNESDAY, 27 OCT 2010
NAB's acquisition of Aviva, double digit insurance premiums growth and improved investment markets have helped MLC and NAB Wealth become key contributors to the bank's $4.2 billion net profit this year.

Takeover will not affect client funds: Perpetual

RUTH LIEW  |  WEDNESDAY, 27 OCT 2010
Kohlberg Kravis Roberts' bid for Perpetual only involves shares in Perpetual Limited - and does not give the private equity firm access to client funds, the chairman of the committee overseeing the takeover deal told investors.

Singapore makes $8.4bn grab for ASX

JOHN MCDULING  |  MONDAY, 25 OCT 2010
The Singapore stock exchange, SGX, has made an $8.4 billion bid for the ASX - a move that could see Australia's major exchange become a mere divisional office to Singapore's, if the deal receives regulatory approval.

Perpetual rejects KKR, open to better offer

JOHN MCDULING  |  MONDAY, 25 OCT 2010
Perpetual has rejected Kohlberg Kravis Roberts' (KKR) takeover proposal, but has left the door firmly ajar for an improved offer.

Hungary private pension breakdown

ELISE BURGESS  |  FRIDAY, 22 OCT 2010
Private pension funds are under attack in Hungary after the government announced that all contributions to second-pillar funds would be stopped for the next 14 months and left within the state system.