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Superannuation

Fiducian public super TAP

Fiducian Portfolio Services on the weekend announced the offering its own Term Allocated (Growth) Pension through their public offer superannuation fund.

BBY and Jaguar Funds announce strategic growth alliance

AAP  |  MONDAY, 20 SEP 2004
Specialist Australian stockbroker Burdett Buckeridge Young and Sydney-based financial services group Jaguar Funds on Friday announced a strategic alliance.

ASIC gives ASX thumbs up

The Australian Securities and Investments Commission (ASIC) has given a positive assessment to the Australian Stock Exchange (ASX) for its performance of its market operator obligations.

Boards are cracking down on big termination payments - Macek

AAP  |  MONDAY, 20 SEP 2004
The days of failed executives walking away with millions are coming to an end, according to Charles Macek, chairman of the Financial Reporting Council.

Mariner starts cash flow pension

Listed financial services companies Mariner Financial and Mariner Retirement Solutions have unveiled new retirement pension products that include listed fixed-rate and market-linked bonds intended to provide long-term cash flows.

ASIC shuts down loan calculators

Australia's corporate regulator has moved to shut down loan calculators used on more than 100 websites of Australian banks, credit unions and finance brokers because the tools mislead consumers about loan repayments.

APRA releases changes to home loan risk-weighting

The Australian Prudential Regulation Authority (APRA) yesterday released revised criteria for authorised deposit‑taking institutions (ADIs) to qualify for the concessional oncessional risk‑weighting of residential mortgage lending for capital adequacy ...

Macquarie prices 350 million pound securities offering

AAP  |  WEDNESDAY, 15 SEP 2004
Macquarie Capital Funding, which facilitates the Macquarie Bank Group\'s capital raising, has today priced a STG350 million (approximately $A900 million) offering of tier 1 capital-eligible securities.

S&P says Tower ratings not immediately affected by spinoff news

AAP  |  WEDNESDAY, 15 SEP 2004
Standard & Poor\'s Ratings Services said on Tuesday that the ratings on Tower and its main operating subsidiaries, including Tower Australia, are not immediately affected by Tower\'s announcement of its proposed separate listing for its Australian wealth ...

Lend Lease says Bovis covered by US govt captive insurer

AAP  |  WEDNESDAY, 15 SEP 2004
Lend Lease Corp on Tuesday said it believed its construction unit Lend Lease Bovis would not be hit by compensation claims if a US class action lawsuit being brought by workers employed on the World Trade Center site in New York City was successful.