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Superannuation

APRA doubles enforcements since 2004

APRA's 2005 annual report confirms the regulator is more aggressive than ever after doubling its enforcement activity during the last year.

UK fund managers to pile into private equity

A recent study from the UK has shown that over the next two years UK institutions will increase their private equity allocation from 2 percent to as high as 10 percent.

AGL restructures to ride the infrastructure wave

The Australian Gas Light Company (AGL) is riding the wave of demand for income generating infrastructure investments by announcing an overhaul of the infrastructure leg of its operations.

PE manager Ironbridge Capital completes acquisition of BBQs Galore

Home-grown private equity manager Ironbridge Capital has just completed its acquisition of Barbeques Galore Limited.

Business is losing the battle for trust: Edelman

A recent study of Australian opinion leaders has shown that only 1 in 4 considered institutions trustworthy.

Trust shifts focus and reports stronger results

Trust Company of Australia announced an operating net profit after tax of $20.4 million for the six months ended in 31 August 2005.

ASIC comes down on financial services fraud

A former director of Sydney financial services business, Pegasus Leveraged Options Group, has been sentenced to eight years jail after being found guilty of fraud worth $2.2 million to fund a personal gambling habit.

Risk should be on the agenda: Aust Unity

Amid concerns on the US economy and its impact on the local market, Australian Unity Investments (AUI) has launched a fixed income fund with a strong focus on managing risk and getting absolute returns.

BankWest continues its march east

To continue its eastward march, the growing WA regional bank has signed a deal with 7-eleven convenience stores to roll-out 350 branded ATMs up and down the eastern seaboard.

HFA wins Vision Super mandate

HFA Asset Management clinches a $60 million mandate from Vision Super.