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Superannuation

FSG; a step towards simplicity

The Australian Securities and Investments Commission (ASIC) has issued a class order outlining a more simple compliance regime under the Financial Services Guide (FSG) for financial advisers of retail clients.

Banks face volatility with shift to global accounting standards

AAP  |  WEDNESDAY, 15 SEP 2004
Australia\'s transition to international accounting standards could generate volatility in the profits and equity reserves of the banks, a banking conference heard on Tuesday.

AMP Capital Investors appoint Michael Clarke director of BDM and strategy

AMP Capital Investors today announced the appointment of Michael Clarke as director, business development and strategy.

Fitch says downgrades QBE long term rating to A

AAP  |  TUESDAY, 14 SEP 2004
Fitch Ratings, the international rating agency, has on Monday downgraded QBE Insurance Group\'s long-term rating to \'A\' from \'A+\'.

New record set for 30 Day cash rate futures: SFE

The Sydney Futures Exchange (SFE) reported a new record for the highest one-day transaction volume on the 30 Day Interbank Cash Rate futures contract set last Friday.

US investment house Capital ups Qantas stake to 10.53%

AAP  |  MONDAY, 13 SEP 2004
US investment manager Capital Group Companies Inc has increased its stake in Qantas Airways to 10.53%, from 7.34%.

News Corp will win bid to move to US, analysts

AAP  |  MONDAY, 13 SEP 2004
Rupert Murdoch is expected to win shareholder support to shift News Corp\'s corporate headquarters to the United States - but not without a tussle with funds, market observers said on Friday.

China life might start investing abroad: report

China Life, the country\'s largest life insurer, may start investing in overseas financial markets before the end of the year, state media reported Sunday.

ASIC draws the line on super fee

The action taken this week by the Australian Securities and Investments Commission (ASIC) against Mellon Nominees for misleading statements on super fund fees is a sign of things to come, industry analysts said today.

Babcock & Brown to sell shares at $5 ahead of ASX listing

AAP  |  FRIDAY, 10 SEP 2004
Global investment banker Babcock & Brown will sell 110 million shares for $5 each in an initial public offer ahead of a listing on the Australian Stock Exchange.