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Superannuation

Australia's balance of trade improves in October, boosted by the Rugby World Cup

The seasonally-adjusted value of Australia's international trade in goods and services for October showed a two per cent increase in exports of goods and services (to $11,755 million) as compared with the data for September due to an increase in international ...

ICAP economists say interest rate hike is unwarranted

ICAP economists have said that the current strength of GDP growth does not fully warrant an interest rate hike by the RBA, saying that the GDP has grown well below trend by just 2.6 per cent over the past year.

Major banks begin increasing home loan rates

AAP  |  FRIDAY, 5 DEC 2003
Three of Australia's major banks today announced increases to home loan lending rates after the Reserve Bank of Australia's decision to hike official rates earlier this week.

IOOF makes strong market debut

AAP  |  FRIDAY, 5 DEC 2003
Shares in financial services institution IOOF debuted at $3.80 on the Australian share market today, a strong premium to its facility price of $3.15.

Australian Unity reveals rapid growth in funds under management

Less than a month after appointing former Perpetual Trustees executive Rohan Mead as group managing director designate, Australian Unity has confirmed a strong surge of inflows in the first half of the financial year.

CFS FirstChoice super storms through $200 million mark

The well-received Colonial First State (CFS) FirstChoice Employer Super has reached another milestone for its 14-month existence, banking $100 million in funds under management in the past five months, and bringing the FUM total to $200 million.

Three further mandates to be considered at TelstraSuper's board meeting

The 73,000 member $7.4 billion TelstraSuper fund has announced that it will give consideration to three further mandates at its board meeting to be held on 9 December 2003.

Disciplinary board rescinds convicted Sydney auditor's registration

The Companies Auditors and Liquidators Disciplinary Board has cancelled the registration of a Sydney auditor, following an application by the Australian Securities and Investments Commission (ASIC).

Burgeoning CPT Group centralises business

The Capital Preparation Team (CPT) Group has moved its head office to Crows Nest on the inner North Shore of Sydney, in order to centralise its operations following considerable growth, CPT managing director Darren Lelliott has announced.

Navigator Research reveals property funds' efficiency

Navigator, part of the Aviva group, has sent its annual performance review of Australian property funds to financial advisers that use its platform, revealing an industry that is operating efficiently despite a changing environment.