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Superannuation

Merchandise imports rise to $11.49 billion in September: ABS

The Australian Bureau of Statistics (ABS) has said today that the value of international merchandise imports into Australia has increased to $11.49 billion in September, compared with $10.88 billion in August.

Afternoon market wrap: Shares end slightly lower

The Australian share market remained slightly weaker in the afternoon session, following a quiet night in major US markets

PSS to convert to accumulation scheme

The Commonwealth government has moved to contain its unfunded superannuation liabilities, today announcing the Public Sector Superannuation Scheme (PSS) will be converted to a fully funded accumulation scheme.

Industry fund takes strong stand on corporate governance

Unisuper has instructed its investment managers to vote on any corporate governance resolutions of Australian companies in which it invests, under a new set of guidelines adopted by the fund.

Agency confirms CFS ratings, following Harding's departure

Research group Morningstar has reconfirmed its Australian equity ratings for Colonial First State Investment Managers (CFS), following the decision of Ian Harding, head of Australian equities at CFS, to resign in early 2004.

AMP releases demerger plan

AAP  |  FRIDAY, 17 OCT 2003
Troubled financial services group AMP Ltd yesterday forecast higher profits as it received the all clear to release a hefty document outlining its demerger plan.

AXA says NAB-AMP entity a "threat, but also an opportunity"

AAP  |  THURSDAY, 16 OCT 2003
AXA Asia Pacific Holdings chief executive Les Owen said today a National Australia Bank Ltd takeover of AMP Ltd would be considered a "threat but also an opportunity" for his financial services company.

IOOF appoints new property investments head

IOOF Investment Management Ltd has appointed Paul Grant as the new general manager for property investments, following the departure of Ian Frost.

AMP halts securities trading, announces profit expectation

Late last night, AMP Ltd announced its intention to request a trading halt today, for its securities from the Australian Stock Exchange (ASX) and New Zealand Stock Exchange (NZX).

Credit Suisse launches into Asia

Credit Suisse Asset Management announced it is deepening its Asia ex-Japan involvement by launching a distribution strategy for the region. In the coming months the company plans to employ three more staff, most likely based in Hong Kong.