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Superannuation

ASIC welcomes closer scrutiny on advertising guidelines

The Australian Securities and Investments Commission (ASIC) on Monday welcomed another step forward in the crackdown on misleading advertising in the financial services industry.

Risk measurement lags amongst insurance companies - E&Y survey

AAP  |  TUESDAY, 21 SEP 2004
Risk measurement remains unsophisticated in Australian insurance companies as they struggle to keep abreast of a rash of regulatory, legislative and governance-driven changes, according to a new report.

Macquarie Securitisation launches $750 mln bond issue

AAP  |  TUESDAY, 21 SEP 2004
Macquarie Securitisation, the manager of the PUMA residential mortgage backed securitisation program, has on Monday launched a $750 million bond issue.

Perpetual to shift head office

Perpetual Trustees today announced today it will be relocating its Sydney head office to a single premises at Angel Place, 123 Pitt Street from late next year.

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.