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Superannuation

Macquarie Bank says H2 significantly up on prior H2

AAP  |  THURSDAY, 13 NOV 2003
Macquarie Bank today reported a $242 million net profit for the half year to September 2003, up 32 per cent on the previous corresponding period.

Aurora launched new distribution business

Aurora Funds Management has today announced that it had established its first subsidiary business - Aurora Distribution aimed at assisting Australian wholesale fund managers and investment product manufacturers to develop their own retail distribution ...

Platforms continue strong growth in third quarter: Assirt

Inflows into investment platforms continued to strengthen in the September quarter, and the major banks are increasingly grabbing the lion's share of new money, according to preliminary data released by research house Assirt.

Lend Lease at ease with market forecasts on 2004 profit

Construction and real estate group Lend Lease Corporation Ltd said today it was comfortable with market consensus forecasts of $230 million in post-tax operating profit for 2004.

Afternoon market wrap: Australian stocks edge higher

The Australian share market closed slightly higher today due to a strong performance in the banking sector...

Surveys show growth funds up again in October

Growth funds enjoyed another good month in October, according to two surveys released in the past week.

Zurich receives last of eight AFS licenses

Zurich Financial Services Australia (ZSFA) today announced it had received the last of its eight Australian Financial Services licenses from the Australian Securities and Investments Commission (ASIC).

Qantas super changes consultant

Qantas Superannuation Plan (QSP) has appointed Watson Wyatt as its new consultant, replacing Mercer Investment Consulting. The position was put to tender in September.

Stronger markets, lower costs drive jump in NAB wealth management earnings

Wealth management operations were a major factor behind the jump in the National Australia Bank's (NAB's) half-yearly earnings, with operating profits after tax surging 28.1 per cent to $374 million, the bank announced this morning.

NAB survey reveals unrelenting business strength in October

The National Australia Bank (NAB) monthly business survey for October's key finding is one of unrelenting economic strength, with two other significant findings being made - namely, large jumps in forward orders and in business confidence.