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Superannuation

Calpers files suit against NYSE for fraud

Calpers, the biggest US public pension plan, has filed suit against the New York Stock Exchange (NYSE) and seven specialist trading firms for fraud, it has announced.

Granite Three Pillars announces no extension to capital raising

The directors of Granite Three Pillars confirmed today that their capital raising would not be extended beyond the current prospectus. This implies that the capital raising of $100 million will not be increased, as has been the case with many of the ...

AMP to offer $585 million shortfall from rights issue

AAP  |  TUESDAY, 16 DEC 2003
Financial services group AMP Ltd said today it had received acceptances under its rights offer of $A600 million, leaving a shortfall of $585 million.

Macquarie Bank to purchase US energy assets for $182 million

Macquarie Bank today announced it has entered into an agreement to purchase ExelonThermal Technologies, a subsidiary of Exelon Corporation, for $US135 ($A182) million.

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.