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Superannuation

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.

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 ...