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Superannuation

UK pension funds weaker than Oz

The UK pension funds market has posted a strong second quarter return of 5.1 per cent, despite rising fuel prices and weak company earnings affecting the global equities market during the same period.

IXIS Australia doubles to $2 billion

IXIS has doubled its size since June last year thanks to a host of mandates to reach $2 billion.

Investors get new platform for proxy voting

ISS Proxy Australia has launched an online corporate governance platform providing proxy voting and research to the Australian market.

BT's flagship Aussie Funds gets an upgrade

Following recent 'hold' ratings for its international equities and listed property funds, BT Financial Group's flagship Australian shares funds have re-emerged with Investorweb upgrading the fund to a 'strong buy'.

Aegis maintains approval in Macquarie CDO

Aegis has maintained its 'approved' rating of Macquarie's structured product, Generation Income Notes (Generator) stating the product offers investors security and the opportunity for capital gain.

Babcock & Brown secures profit

Babcock & Brown has posted a net profit of $78.2 million with an increasing proportion of revenues being derived from investment management and principal investment activities.

Australian Unity strong results drives push to demutualise

Australian Unity has increased its profits by 65 per cent, posting an after tax profit of $13.4 million for the 2005 financial year with the Group's financial planning and funds management business also achieving strong results.

Meat Workers' fund takes number one rank

The Australian Meat Industry Superannuation Trust (AMIST) has overtaken MTAA Super as the leading superannuation fund for workplace default investment options for the 2004-05 financial year.

10 per cent of companies churn banks each year

Banking analyst East & Partners has just reported that Australia's major companies are increasingly shopping around for the best financial deal with bank churn rates jumping 28 per cent during the year.

CBA and APRA discuss IFRS implications

AAP  |  TUESDAY, 16 AUG 2005
The Commonwealth Bank of Australia (CBA) is in talks with the financial services regulator over the impact of new international financial reporting standards (IFRS) on its accounts.