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Superannuation

Season's Greetings from the Financial Standard team

The Financial Standard team wishes you all a Merry Christmas, a prosperous New Year, and a relaxed and safe holiday period. Our daily news service will return on 12 January 2004, but until that time the website will remain active and readers will still ...

Treasurer praises departing ASIC chairman

The outgoing Australian Securities and Investments Commission (ASIC) chairman, David Knott, is taking leave prior to his resignation at the end of the year, the Federal Treasurer Peter Costello has announced.

ASIC raids Steve Vizard's house following insider trading allegation

AAP  |  FRIDAY, 19 DEC 2003
High-profile businessman Steve Vizard's house has been raided following insider trading allegations raised by his former bookkeeper.

SelectingSuper releases 2003-04 benchmark fee survey

There is no clear relationship between overall super fund investment returns and total fees, the 2003-04 super fund benchmark fee survey, conducted by SelectingSuper, has found.

Survey reveals 90% rise in small and medium cap resource companies

Australia's small and medium-cap resources companies have risen more than 90 per cent during the year, stockbroking firm Intersuisse said today.

Macquarie Bank cuts commitment to MEAP fund

AAP  |  THURSDAY, 18 DEC 2003
Macquarie Bank Ltd today said it was cutting its investment in its Canadian infrastructure fund, as the fund secured another $C100 million from the Canada Pension Plan Investment Board.

New AMP shares slump by more than $1.00 in early trade

AMP Ltd's new shares slumped by more than $1.00 in early trade today as the group began its life free of its ailing British businesses.

ASIC releases SRI guidelines to facilitate product disclosure

The Australian Securities and Investments Commission (ASIC) has released guidelines for the inclusion of information relating to labour standards, and environmental and ethical factors in the product disclosure statements (PDSs) of investment products.

AMP bookbuild delivers stock as low as $4.30 for some

AMP Ltd has announced details of the institutional bookbuild held as part of its Rights Offer, revealing that bookbuild participants have been allocated shares at as low as $4.30. As of close yesterday AMP traded at $5.77.

Former HIH executive pleads guilty to criminal charges

William Howard, a former senior executive of the collapsed HIH Insurance group has today pleaded guilty to two counts of criminal misconduct, brought to the Court by the Australian Securities and Investments Commission (ASIC).