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Superannuation

Aberdeen wins super mandate for China fund

Aberdeen Asset Management has signed its first superannuation investment mandate for its China Opportunities Fund with Kraft Foods committing to $2.5 million to the fund.

ING selected to run Visy Corporate Super Fund

Visy Industries, a specialist in paper and packaging, and among the largest industrial companies in the nation, has decided to outsource its corporate superannuation, with over $200 million in funds under management, to ING Corporate Super.

ING posts strong profit but flags more work ahead

ING Australia has increased its net profit after tax by 52 per cent to $327 million for the year to the end of December however chief executive officer Paul Bedbrook has stated the group has some work remaining ahead of it.

Intech joins forces with Quentin Ayers

Investment consultant Intech has formed a commercial alliance with Quentin Ayers in a move allowing its clients to have access to the services of a recognised alternative asset consultant.

57.1% boost to Macquarie Goodman profit

AAP  |  FRIDAY, 11 FEB 2005
Macquarie Goodman Group today reported a net profit of $111.1 million, a rise of 57.1 per cent, for the six months to December 31, 2004.

MTAA Super consolidates private equity position

The Motor Trades Association of Australia Superannuation Fund (MTAA Super) has entered into a $30 million joint venture capital fund with the Australian National University (ANU) and the ACT Government to help develop new businesses in the ACT.

NAB confirms UK commitment despite expected loss

National Australia Bank yesterday issued a profit warning on its UK operations but confirmed its commitment to the market amid speculation following the sale of its Irish banks - National Irish Bank and Northern Bank.

BT takes an environmentally friendly stance

BT Financial Group has joined the 2005 Carbon Disclosure Project, an environmentally driven global initiative designed to manage carbon emissions and climate change around the world.

Navigating a new link with E*Trade

E*Trade and Navigator will join together to offer an integrated share trading service for financial advisors through Navigator's platform.

Suncorp shares up after positive profit revision

AAP  |  FRIDAY, 28 JAN 2005
Shares in Suncorp-Metway Ltd rocketed up more than four per cent after the Queensland-based bank upgraded its forecasts for its half-yearly results.