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Superannuation

ING and BGI awarded most AAA ratings by FSIU

Of 119 diversified funds currently offered to the Australian wholesale market, 28 are worthy of a top AAA rating, according to a survey which rates funds in terms of both investment performance and risk.

ALP's Stephen Conroy urges greater corporate governance

The ALP Shadow Minister for Financial Services and Corporate Governance Stephen Conroy has outlined three areas where corporate reform is urgently needed, during a speech presented to the Company Secretaries Association (CSA) today.

Two disqualified directors sentenced following ASIC probe

Separate investigations by the Australian Securities and Investments Commission (ASIC) have led to the sentencing of two NSW company directors, charged with managing a corporation whilst disqualified.

Melbourne company director guilty as charged

A company director from Melbourne has been found guilty by a County Court jury in relation to 19 charges of obtaining a financial advantage by deception.

Westfield, Commonwealth Funds Management in property deals

AAP  |  MONDAY, 24 NOV 2003
Westfield Trust has agreed with Commonwealth Funds Management (CFM) to acquire CFM's 50 per cent interest in Westfield Belconnen, in Canberra, at $230 million.

Coonan responds to Labor super initiatives

The government has responded to the first two instalments of Labor's superannuation strategy, claiming the proposals would burden workers and businesses with more red tape and without any real benefit.

Dr Steven Vaughan & Associates and Callan to target domestic market

Dr Steven Vaughan & Associates has teamed up with Callan Associates to increase the exposure of Callan services to the Australian market.

Afternoon market wrap: Shares dip following Istanbul bombings

WITH AAP  |  FRIDAY, 21 NOV 2003
The Australian share market closed lower today, after global share markets retreated following the terrorist bombings in Turkey overnight...

NAB takeover of AMP a risk to BT if executed well: BT

AAP  |  FRIDAY, 21 NOV 2003
BT Financial Group today said a National Bank of Australia (NAB) Ltd takeover of AMP Ltd would be a risk to its business if it was executed well.

ATO to re-issue rejected surcharge assessments

Superannuation funds can expect an influx in November of re-issued surcharge assessments for the 1998 and 1999 years, following new efforts by the Australian Taxation Office (ATO) to locate members that may have earlier transferred to a different fund.