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Superannuation

IFSA and ASFA appeal to Government to reduce super contributions tax

The government's $7.5 billion surplus presents an opportunity to reduce the amount of tax Australians pay on contributions to their superannuation, according to the CEOs of the Investment & Financial Services Association (IFSA) and the Association of ...

New name, head for Mellon's Australian businesses

The Mellon Financial Corporation has announced its Australian businesses will be brought together under the name of Mellon Human Resources & Investor Solutions, in line with similar changes elsewhere throughout the global group.

STOPS Fund to transfer to CARE Super

The $17 million Shipping and Travel Officers Productivity Superannuation Fund, (STOPS) plans to transfer to CARE Super, the not-for-profit super fund catering for office-based employees, in November, it has announced.

Aberdeen announces new Asian equity fund

Aberdeen Asset Management has continued to restructure its range of wholesale offerings, with the group announcing the launch of a new Asian (ex-Japan) equities fund.

Analysts remain divided over CBA restructure

AAP  |  THURSDAY, 2 OCT 2003
Analysts remain divided over Commonwealth Bank of Australia Ltd's controversial customer service overhaul, with earnings upgrades - and downgrades - continuing to flow

ANZ Bank gets thumbs down from NZ customers again

Australia's ANZ Bank, which has expressed interest in buying the National Bank of New Zealand from its British parent Lloyds TSB, has been given the thumbs down by its customers for the fourth successive year, it was reported today.

Macquarie Bank buys into UK water firm for $948m

AAP  |  THURSDAY, 2 OCT 2003
Macquarie Bank Ltd today said it had acquired British water utility South East Water plc (SEW) and its affiliated businesses for about $948 million.

Norwich Union Australia to adopt global Aviva brand

Norwich Union Australia has today adopted the global Aviva brand for its business, however its Navigator business will continue to use the well-recognised Navigator brand.

NAB intends to buy back 25 million shares

AAP  |  WEDNESDAY, 1 OCT 2003
National Australia Bank Ltd said today it intended to buy back up about 25.5 million ordinary shares.

ABN Amro $1 billion MTN issue may be first of many

ABN Amro Bank's oversubscribed $1 billion medium term kangaroo bond issue is likely to be followed up with a further issue in the first half of 2004.