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Superannuation

AMP stock jumps 30 per cent in September quarter

AAP  |  TUESDAY, 30 SEP 2003
Investors who took an optimistic view of AMP Ltd have been rewarded for now, with the stock jumping more than 30 per cent in the September quarter and outpacing much of the market.

Tower Australia closes annuities portfolio to new business

Tower Australia Limited continues to restructure, today announcing it is closing its annuity portfolio to new business.

Australian insurer AMP prefers UK demerger

AAP  |  TUESDAY, 30 SEP 2003
Australian life insurer AMP Ltd is leaning towards returning ownership of its struggling British assets to shareholders rather than selling them off, a source close to the talks told Reuters on Monday.

Local Authorities Super to be renamed Vision Super

Local Authorities Super has announced it is changing its name to Vision Super.

Macquarie sees property investors gearing up into shares

Macquarie is experiencing strong interest from property investors wanting to diversify into the sharemarket, Macquarie margin lending division director Phil Richards said today.

Accountants Fund appoints news business development manager

The not for profit Accountants Superannuation Fund (ASF) has appointed Tony Sequeira as business development manager.

Senator Campbell denounces FSR licence scare tactics

Parliamentary Secretary to the Treasurer Senator Ian Campbell has accused some lawyers and consultants of using scare tactics and charging companies exorbitant fees to complete financial services licence applications ahead of next year's March 11 deadline.

Banks, resources supported, telcos challenged : Citigroup

AAP  |  MONDAY, 29 SEP 2003
An improving global economic outlook and a stabilising credit environment supports the bank and resources sector while operating conditions for telecommunications remain challenging, a Citigroup credit analyst said today.

APRA issues warning on unlawful early release of benefit schemes

The Australian Prudential Regulation Authority (APRA) today warned members of superannuation funds not to engage the services of individuals or companies promoting early access to preserved benefits before retirement.

ANZ still has some hurdles to jump in NBNZ aquisition

AAP  |  FRIDAY, 26 SEP 2003
The New Zealand regulator may have cleared the way for ANZ Banking Group Ltd to acquire the National Bank of New Zealand (NBNZ) but there are still a few hurdles left for the Australian bank to jump.