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Superannuation

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.

CDC IXIS launches new Australian fund-of-hedge funds

CDC IXIS Asset Management Australia is the latest group offering an Australian dollar denominated fund-of-hedge funds, with the launch this week of its Aurora II Fund.

Melbourne Cup Day looms as d-day for interest rates

AAP  |  MONDAY, 3 NOV 2003
Punters could be paying more on their home loans by the end of the week, although economists said the Reserve Bank was odds-on to leave interest rates on hold for another month at least.

BNP Paribas Securities Services wins Optimix mandate

Hot on the heels of winning the custodial and administrative services mandate for the NZ Superannuation Fund, BNP Paribas Securities Services has also been appointed to provide a range of similar services to Optimix Investment Management.

ASIC clears way for new exchanges to set up in Australia

The Australian Securities and Investments Commission (ASIC) has further fleshed out the regulatory regime covering foreign providers of financial services, this week releasing a new policy statement (PS) for operators of exchanges and financial markets.

Afternoon market wrap: Banks lead local shares lower

The Australian share market closed in negative territory today weighed down by the banking, retail and media sectors.

PM flags tax cuts for high income earners

AAP  |  FRIDAY, 31 OCT 2003
Prime Minister John Howard has again flagged tax relief for workers hit by the top tax bracket.