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Superannuation

Mariner buoyant with $2.4 million profit

Financial services group Mariner Financial has announced a $2.4 million net profit for the six months to December 31, 2003.

JUST adopts new fee structure

JUST Super is to implement a new fee structure for its membership and will scrap its weekly fee.

SunSuper joins disclosure regime

SunSuper has opted into the new disclosure requirements required under the Financial Services Reform Act.

Government tips $4.5 billion into Telstra, Australia Post super schemes

AAP  |  FRIDAY, 5 MAR 2004
The federal government today said it will pour more than $4.5 billion into paying out its superannuation liabilities to Telstra and Australia Post.

AMP books $5.5 billion loss for 2003 after writedowns

AAP  |  THURSDAY, 4 MAR 2004
AMP today booked Australia's second biggest corporate loss, with writedowns and costs from spinning off its British operations leaving the group $5.542 billion in the red in 2003.

War veteran pension increase announced

AAP  |  THURSDAY, 4 MAR 2004
Disabled war veterans will receive more generous pensions after coalition MPs and senators approved an extra $267 million benefits package.

Macquarie Bank sets up Japanese infrastructure fund

AAP  |  WEDNESDAY, 3 MAR 2004
Macquarie Bank has acquired a stake in a Japanese toll road, continuing its plan to invest in infrastructure assets around the world.

APRA gains more powers to act against dishonest execs

AAP  |  WEDNESDAY, 3 MAR 2004
Financial executives will face tough new monitoring by regulators following the latest series of reforms after the collapse of HIH insurance.

ASIC to continue consulting role after FSR transition

The Australian Securities and Investments Commission has confirmed it would continue to consult with industry and consumer groups after the Financial Services Reform Act comes into effect on March 11.

Westpac comfortable with market expectations

AAP  |  MONDAY, 1 MAR 2004
Westpac Banking Corp said today that it was comfortable with market expectations for the 2004 financial year as it met with institutional investors.