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Superannuation

ASIC gives credit rating agencies a break

ASIC will give credit ratings agencies a break from the financial services licensing regime, in relation to their credit ratings on debt type instruments only.

Franklin Templeton ushers 2006 with new chief

Franklin Templeton Investments Australia managing director John Gall will hand over the reins to Maria Wilton from BT Financial when he retires early next year.

ABS christmas gift: free statisics for one and all

The Australian Bureau of Statistics will no longer charge for statistics, provided users access the website and obtain electronic versions.

Martin Currie plans for Japan Alpha

Edinburgh-based fund manager Martin Currie is hoping to attract enough local investor interest to launch a Japan Alpha fund, modeled after its long-running and award-winning fund from the UK.

MacarthurCook pours more into property trusts

MacarthurCook Fund Management is expanding its fund in listed and unlisted property trusts by injecting a further $18.3 million in investments into its portfolio.

St George and Westpac end year with share buy backs

Two of Australia's major banks announce significant share buy backs to cap off the year, amid news speculation of a takeover bid from the UK for St. George.

Easy gains over and volatility ahead, warns Oliver

Shane Oliver, head of investment strategy and chief economist at AMP, predicts that 2006 will continue to push strong equity performances, but warns that the "easy gains" are over and some volatility lies ahead.

Spark electrifies market at $1.8b

Spark Infrastructure, one of the largest market floats this year, announced it has completed its institutional bookbuild, taking its total fully paid capital to just over $1.8 billion.

Global hedge funds up 7 per cent for the year: Greenwich-Van

The Greenwich-Van Global Hedge Fund Index gained 7 per cent over the year to end October, according to hedge fund index provider Greenwich-Van Advisors (Greenwich-Van).

Small cut in super taxes now will significantly cut future tax burden: ASFA

Abolishing the 15 per cent super contributions tax would add thousand of dollars to consumers' retirement benefits, while any tax revenue falls would be offset by the extra inflows adding to the earnings tax base.