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Superannuation

No changes to LUO investment strategy: Principal

AAP  |  FRIDAY, 10 OCT 2003
Principal Real Estate Investors has moved to dispel any misconceptions that it planned to add high risk suburban United States office buildings to the Lend Lease US Office Trust (LUO) portfolio if it becomes manager.

Macquarie in $1 billion American property trust

Macquarie Bank Limited and Developers Diversified Realty Corporation (DDR) have today announced plans to jointly list a property trust in North American shopping centres, valued at US$744.5 million ($1078 million) on the Australia Stock Exchange by late ...

ANZ and Metrobank team up for credit card growth platform

Australia and New Zealand Banking Group Ltd (ANZ) and Metropolitan Bank and Trust Company (Metrobank) today announced their Joint Venture, creating a growth platform for credit cards business in the Philippines.

ARPA receives enforceable undertaking

Australian Prudential Regulation Authority (APRA), in a lengthy statement to the public regarding the AMP's demerger episode, has said as part of APRA's review of the demerger, an enforceable undertaking was received from AMP Limited.

AMP details $1.2 billion rights issue as part of demerger

AAP  |  FRIDAY, 10 OCT 2003
Troubled financial services group AMP Ltd is to undertake a $1.2 billion rights offer to redeem its reset preferred securities as part of its planned demerger.

AMP shares placed in trading halt in NZ

AAP  |  FRIDAY, 10 OCT 2003
Shares in financial services company AMP were placed in a trading halt shortly before the New Zealand Exchange opened today.

AGEST announces new international equity strategy

The Australian Government Employees Superannuation Trust (AGEST) has adopted a more active approach to the management of its international equities portfolio, announcing two new managers.

Government scores superannuation hat trick: Coonan

The Government has secured another win for superannuation reform after negotiating another agreement with the Australian Democrats to support new portability regulations to facilitate the consolidation of superannuation from inactive accounts.

Rei Super reappoints InTech as its implemented consultant

After moving to implemented consulting arrangements three years ago, the $300 million Rei Super Fund has re-appointed InTech as its implemented consultant. Rei Super is the industry superannuation fund for the property services sector.

ASX welcomes proposed fines

AAP  |  THURSDAY, 9 OCT 2003
The Australian Stock Exchange has welcomed a federal government proposal to give the corporate regulator the power to fine companies who fail to keep markets properly informed.