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Superannuation

Rivkin Financial Services changes under fire

AAP  |  MONDAY, 12 JUL 2004
Recent changes in the shareholdings and business of Rivkin Financial Services (RFS), the company founded by disgraced stockbroker Rene Rivkin, have been challenged before the Takeovers Panel.

Ernst & Young confident of becoming NAB auditor, paper reports

Accounting firm Ernst & Young is confident it will be appointed auditor of National Australia Bank, according to a newspaper report today.

Telstra raises $850 Million from 10-year euro bond issue

Telstra Corporation today announced the successful completion of a 500 million euro ($850 million) 10-year fixed-rate bond issue.

TCV says 2004/04 funding requirement will be $1.7 billion

AAP  |  WEDNESDAY, 7 JUL 2004
Treasury Corporation of Victoria (TCV), the state\'s central financing authority, today said its funding requirement for the year ending June 30, 2005, would be $A1.7 billion.

WA super administrator and fund announce admin agreement

AAP  |  WEDNESDAY, 7 JUL 2004
Australian superannuation administrator Superpartners and multi-sector industry fund Westscheme, announced today they have successfully renegotiated an administration agreement.

S&P places Woolworths on watch negative after ALH stake

AAP  |  WEDNESDAY, 7 JUL 2004
Supermarket giant Woolworths\' potential joint acquisition of Australia\'s biggest pubs operator, Australian Hospitality & Leisure Group (ALH), could put pressure on its credit rating.

Rivkin Financial Services announces board changes

AAP  |  MONDAY, 5 JUL 2004
Rivkin Financial Services (RFS) has announced the retirement of Jordan and Shannon Rivkin as directors and said it is changing its share trading activities and its name.

Rush on for Immediate Annuities: Aviva

The $1 billion complying Immediate Annuity market will reduce by 50% post 20 September when the current 100% asset test exemption is reduced by half, Aviva said yesterday.

Mercantile Mutual Insurance gets lowered ratings from S&P

AAP  |  FRIDAY, 2 JUL 2004
Standard & Poor's has lowered its ratings on Mercantile Mutual Insurance (Australia).The ratings agency said it lowered its insurer financial strength and counterparty ratings on MMIA to A-plus from AA-minus and removed the ratings from CreditWatch Negative

ASIC investigate trading at Macquarie

Macquarie Bank has confirmed the Australian Securities and Investments Commission demanded documents from the bank regarding a regulatory probe into trading in small cap mining stock Innamincka Petroleum.