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Superannuation

NAB boss says UK operations in good shape

AAP  |  FRIDAY, 28 NOV 2003
National Australia Bank Ltd chief executive Frank Cicutto has defended the bank's United Kingdom operations, saying they are still well positioned for growth.

ACCC to discontinue Qantas airlines matter

The Australian Competition and Consumer Commission (ACCC) and Qantas Airways Ltd have resolved Federal Court litigation concerning allegations that Qantas misused its market power on the Brisbane-Adelaide route after Virgin Blue Airlines Pty Ltd's entry ...

ANZ raises $3.4 billion in rights issue, bookbuild for shortfall

AAP  |  THURSDAY, 27 NOV 2003
ANZ Banking Group Ltd said today its rights issue to help fund the acquisition of National Bank of New Zealand raised $3.4 billion.

ACCC plans to approve mortgage industry rules

AAP  |  THURSDAY, 27 NOV 2003
The Australian Competition and Consumer Commission (ACCC) yesterday said it planned to approve the Mortgage Industry Association's (MIAA) new disciplinary rules.

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.