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Superannuation

Dow Jones launches LPT index

Dow Jones has launched an Australian listed property trust (LPT) index to track LPT securities with the Sydney Futures Exchange (SFE) set to offer a derivative product based on the index.

St.George on mortgage backed securities Crusade

St.George Bank has announced a proposed Australian dollar mortgage backed securities issue, worth AUD 815 million, under its Crusade securitisation program.

Record year pays-off for MacBank execs

Macquarie Bank yesterday announced a massive increase of 67 per cent in after tax profit to $823 million and an increase of over 50 per cent in total remuneration for its executive directors and its top five executives to $93 million.

ASIC also a budget winner

The Australian Securities and Investments Commission (ASIC) is another beneficiary from the 2005/06 Federal Budget having been granted an additional $13.4 million over the next four years.

Super funds need to look offshore for private equity

Superannuation funds are expected to invest more in offshore private equity over the next two to five years as the industry matures and local opportunities shrink.

Gaol term or former HIH managing director

Former HIH Insurance managing director Australia Terry Cassidy has been sentenced in the NSW Supreme Court to 15 months imprisonment in regards to three criminal charges arising from his involvement in the collapse of the HIH group of companies.

Analysts just want relevant information: AIRA study

With the volume of company announcements to the investment market increasing by 13 per cent in the last year, investment analysts are now inundated with too much paper information and simply want ASX listed companies to 'get to the point' in their communication ...

Scott retires from ANZ board

ANZ board director Brian Scott has just announced his retirement from the board after 20 years service.

Industry loses popular Macquarie associate director

Macquarie Funds Management has lost distribution manager and associate director Peter Gillespie following his tragic heart attack and death last week.

S&P/Assirt likes Zurich changes

Standard & Poor's/Assirt has given Zurich Australia's business management and international shares capability, as managed by Lazard, a 'Strong' rating.