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Superannuation

Challenger, CPH to pay each other $100m under proposal

AAP  |  MONDAY, 10 NOV 2003
Kerry Packer's Challenger Financial Services Group and CPH Investment Corporation (CPHIC) will pay each other nearly $100 million, under a plan to "corporatise" Challenger and cut ties with CPH.

Robust housing finance figures for September: ABS

The housing sector continued its growth during September with a four percent increase in housing finance for owner occupation registered across Australia during the month, the Australian Bureau of Statistics (ABS) said today.

Macarthur Cook announces expansion plans

The St George Bank group has taken a strategic stake in listed boutique property fund manager Macarthur Cook Limited, which in turn has announced the acquisition of National Australia Fund Management Limited.

AMP share price opens lower after Cicutto comments

AMP's share price opened a further 15 cents lower this morning at $6.40, following National Australia Bank (NAB) chief Frank Cicutto's comments Friday criticising aspects of the proposed demerger.

Putnam scandal impacts BT ratings

The alleged market-timing scandal at Putnam, which has so far claimed the scalp of the chief executive officer and also resulted in two portfolio managers facing civil charges, continues to produce local fallout.

ANZ announces TrUEPrS preference shares buyback

As part of its ongoing capital management strategy, Australia and New Zealand Banking Group Limited (ANZ) has called for the buyback of the ANZ Preference Shares issued as part of the trust units exchangeable for preference shares (TrUEPrS) Series 1 ...

ASIC made record enforcements in 2003-4: report

AAP  |  THURSDAY, 6 NOV 2003
Australia's corporate regulator achieved a record 29 jail terms for white collar criminals in 2002-03, including stockbroker Rene Rivkin, its annual report reveals.

Citigroup given low rating for international equities capability

Citigroup Asset Management Australia (CAMA) has been rated two out of five for its international equities capability, ratings group Morningstar has announced.

ALP to lift veil on super strategy

ALP shadow treasurer Mark Latham will next week begin to spell out in detail the Federal Opposition's plans for the superannuation industry, as part of the Association of Superannuation Funds of Australia's (ASFA's) annual conference to be held in Brisbane.

St George reports strong lift in profit to $606 million

St George Bank Ltd today reported a 64.2 per cent rise in annual net profit to $606 million for the year to September 30, 2003, up from $369 million in the same period a year earlier.