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Superannuation

HGL posts 24 per cent jump in year net profit

AAP  |  THURSDAY, 27 NOV 2003
Diversified investment group HGL Ltd today said it would continue to look for import and distribution business acquisitions after posting a 24 per cent increase in annual net profit.

Zurich strengthens its adviser services, product and platforms marketing teams

Zurich Financial Services Australia (ZFSA) has made two key marketing appointments to its Adviser Services, Investment Management Products and Platforms team.

NZ Super fund appoints Vanguard as bonds manager

The guardians of New Zealand Superannuation today announced it had appointed Vanguard Investments Australia to manage its international government bond portfolio for the New Zealand Superannuation Fund.

Tower announces return to profit

Decisive remedial action has helped push Tower Limited back into the black, chairman Olaf O'Duill said today.

Macquarie DDR Trust to list on ASX today

The Macquarie DDR Trust, which invests in North American community shopping centres, is set to list on the Australian Stock Exchange (ASX) today, under the code MDT.

Super funds lift performance: SelectingSuper

Superannuation funds are continuing to enjoy a strong recovery in returns, with some funds even achieving annual returns in excess of 12 per cent, according to a new performance survey.

FOGI director charged with 21 criminal offences

Robert Geoffrey Walker, a former director of Financial Options Group Incorporated (FOGI), appeared in the Downing Centre Local Court in Sydney yesterday, charged with 21 counts of deception under the Crimes Act (NSW).

RBA survey reveals pleasing results: Macquarie

The Reserve Bank of Australia's (RBA) September 2003 survey of the margin lending industry, which reveals that retail borrowing in protected loans has reached $1 billion, has been welcomed by Macquarie Bank.

Morningstar retains weak rating for AXA's international 'growth-style' equity portfolio

Ratings agency Morningstar has opted to leave AXA/Alliance Capital's international growth-style equity strength rating unchanged at two out of five, despite the resignation of two Alliance directors and an admission from Alliance it was likely to face ...

Former South Australian stockbrocker sentenced

A former stockbroker from South Australia has been sentenced in the Adelaide Magistrates Court in relation to two charges of managing companies whilst disqualified, following an investigation by the Australian Securities and Investments Commission (ASIC).