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Superannuation

ASIC pleased with ASX role

The Australian Securities and Investments Commission (ASIC) has released the findings of its third annual assessment of the Australian Stock Exchange (ASX) determining the supervisory capability of the ASX.

Asset Super rejigs offerings and makes manager switch

Asset Super has changed its trust deed to allow it to offer non-commutable pensions to members of the fund who are still working but wish to access their superannuation.

Super assets hit $700 billion on back of strong performance

Strong investment performance has boosted the bottom line position of total superannuation assets in Australia with the sector rising 2.4 per cent in the March quarter and 12.5 per cent for the first three quarters of the 2004-05 financial year.

Hostplus awards IXIS a $30 million mandate

Industry fund Hostplus has awarded IXIS Asset Management a $30 million mandate to be managed by its affiliate Loomis Sayles.

Studies show financial services see compliance as a benefit

PricewaterhouseCoopers (PWC) has conducted a survey showing the majority of financial service firms believe compliance requirements lead to improved credit ratings, reduced legal liabilities and an enhanced reputation, all of which contribute to the ...

Life insurance market posts strong results

The life insurance market received a shot in the arm during the last year to the end of March with inflows rising nearly 11 per cent from $4.1 billion to $4.5 billion.

Cave pops up at Russell

Russell Investment Group has appointed former Challenger senior manager research and alliances Kathy Cave as portfolio manager fixed income in its Investment Management and Research (IM&R) team.

Mariner draws on US property team for new trust

Mariner Financial will leverage off its US-based property team and launch an American property trust - Mariner American Property Income Trust (MAPIT) - which it plans to list on the Australian Stock Exchange later this year.

Market Wrap

AAP  |  MONDAY, 4 JUL 2005
The Australian share market is expected to open weaker as sharp falls in base and precious metals overnight set a negative tone for the domestic market.

Tribeca offloads compliance to Paragem

Tribeca Learning has sold its compliance business to Paragem Partners, the new firm started up by former Sealcorp head Ian Knox.