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Superannuation

Macquarie to take up to 16% stake in IBA

AAP  |  FRIDAY, 12 MAR 2004
Australian investment bank Macquarie Bank said it had agreed with Torex to acquire more than 12 million IBA Health shares.

NAB currency scandel cements four pillars policy: Fels

AAP  |  FRIDAY, 12 MAR 2004
The National Australia Bank currency scandal ensured the "Four Pillars" bank policy will stay for years, according to the country's former competition watchdog Allan Fels.

MFS enters agreement to acquire Australian Alpine Enterprises

AAP  |  THURSDAY, 11 MAR 2004
Fund manager MFS Group said today it has entered into agreements to acquire Australian Alpine Enterprises from joint owners, Australian Retirement Fund and Retail Employees Superannuation Trust.

ASX boss says super should be freed to fund infrastructure

AAP  |  THURSDAY, 11 MAR 2004
The boss of the Australian Stock Exchange has called on the government to allow amassed superannuation savings to fund infrastructure projects here and overseas.

ASIC lack of funds behind lack of transparency: Labor

AAP  |  WEDNESDAY, 10 MAR 2004
Inadequate funding could be behind the corporate watchdog's lack of transparency.

Telstra Super awards two hedge fund mandates

Telstra Super has followed its decision to allocate a further $90 million to hedge fund-of-funds by appointing two additional hedge funds managers.

Business conditions recover in February: NAB survey

AAP  |  TUESDAY, 9 MAR 2004
Australia business conditions partly recovered in February, following a surprisingly large fall in January, according to the National Australia Bank's Monthly Business survey.

Macquarie Bank buys entire ING Asian equities business

AAP  |  TUESDAY, 9 MAR 2004
Macquarie Bank will buy ING Group's Asian equities division for an undisclosed sum, nearly tripling its head count in the region and adding 1,000 new clients.

AMP now chasing respect from ratings organisations

AAP  |  MONDAY, 8 MAR 2004
The new look AMP will be far more disciplined in its approach towards acquisitions with surplus cash being used to pay down debt over the course of the next 12 to 18 months.

Court appoints liquidator to 10 property developers

The Supreme Court of NSW has appointed a liquidator to 10 property developers, after the Australian Securities and Investments Commission requested they be wound up on the grounds that they are insolvent.