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Superannuation

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.

Investa ups distribution forecast

AAP  |  THURSDAY, 9 OCT 2003
Listed property trust Investa Property Group Ltd has upped its distribution forecast for 2003/04 to 16.5 cents.

S&P lowers Lumley Life rating to BBB

AAP  |  THURSDAY, 9 OCT 2003
Standard & Poor's said today that it lowered the insurer financial strength and counterparty credit ratings on Lumley Life Ltd to BBB from A and removed the ratings from credit watch with developing implications.

Macquarie spends $40 million in South Korea

AAP  |  THURSDAY, 9 OCT 2003
Macquarie Bank Ltd has deepened its footprint in South Korea, with another $40 million investment in a vital toll road linking two of the nation's biggest cities.

NAB commits to expanding wealth management capabilities

National Australia Bank (NAB) has hinted it remains interested in acquiring the Australian Financial Services business of the AMP, today saying it will continue to invest in the bank's wealth management capabilities in Australia and the United Kingdom.

TXU appoints advisers to assess partial Australian float

Texan energy giant TXU Corp has appointed advisers to assess the proposed partial float of its Australian subsidiary.

Moody's launches Australia/NZ web site

Ratings agency Moody's Investors Service today launched a specialist web site for its Australian and New Zealand products and research.