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Superannuation

New name for AMP's demerged Australian operations

Following Federal Court approval last Friday of its proposed demerger, AMP today relaunched its Australasian investment management business under the banner of AMP Capital Investors.

Just Super scraps direct administration fees

In a move that is unlikely to aid potential members comparing fees across superannuation funds, industry fund Just Super has announced it intends to scrap its direct administration fee. Just said in the future all operational costs will be funded from ...

AMP wins federal court approval for demerger

AAP  |  FRIDAY, 12 DEC 2003
Troubled financial services group AMP Ltd today won final approval for its plan to split its Australian and British operations.

MMC Contrarian makes sluggish debuts on the ASX

AAP  |  FRIDAY, 12 DEC 2003
MMC Contrarian Ltd had a sluggish debut on the Australian Stock Exchange yesterday, but the investment company remains optimistic.

Suncorp welcomes credit ratings upgrade from S&P

AAP  |  FRIDAY, 12 DEC 2003
Queensland-based bank Suncorp Metway Ltd today welcomed an upgrade to its credit ratings as proof it had built a solid platform for the future.

QIC expands fixed interest offerings

Queensland Investment Corporation (QIC) has launched two new fixed interest products, involving also the appointment of five external managers.

Challenger small cap fund tops performance tables: survey

Three funds - the Challenger Australian Small Companies Fund, the GMO Small Companies Trust and Perpetual Smaller Companies Share Fund - continue to lead the risk-adjusted performances of Australian small cap managers, according to a new survey.

Zenith approves PJF property securities fund

Zenith has given an "approved" rating to the Perpetual James Fielding (PJF) Property Securities Fund, it has announced.

S&P affirms A minus ratings on MBF Australia, outlook stable

AAP  |  THURSDAY, 11 DEC 2003
Standard & Poor's Ratings Services said today that it has affirmed its A-minus long-term counterparty credit and insurer financial strength ratings on MBF Australia Ltd.

Telstra Super moves further into alternative assets

Telstra Super has announced three new alternative investment mandates, including the appointment of UBS O'Connor to run a $60 million fund of hedge funds.