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Superannuation

Homeloans to purchase company authorised as a responsible entity

AAP  |  MONDAY, 21 JUN 2004
Homeloans on Friday announced it had entered into an agreement to purchase a company that would allow it to establish a mortgage trust.

PM Capital says will not sell Burswood at $1.40 a share

AAP  |  MONDAY, 21 JUN 2004
Specialist equity manager PM Capital reiterated on Friday its intention not to accept Publishing & Broadcasting's (PBL) $1.40 a share offer for Burswood.

S&P to monitor APRA probe into Zurich

AAP  |  THURSDAY, 17 JUN 2004
Ratings agency Standard & Poor's said today it was monitoring the Australian Prudential Regulation Authority's (APRA) formal review of certain past reinsurance arrangements made by Zurich Australian Insurance.

Macquarie Airports stock scales heights on traffic surge

AAP  |  THURSDAY, 17 JUN 2004
Macquarie Airports securities continued to scale record heights in early trade today, after the owner of Sydney and Rome Airports reported a strong rebound in traffic in May.

APRA confirms Zurich investigation

The Australian Prudential Regulation Authority (APRA) today confirmed that it has been investigating certain past and now unwound reinsurance transactions in Zurich Australia Limited's (ZAIL) general insurance business.

Protiviti launches in Australian market

AAP  |  TUESDAY, 15 JUN 2004
Global internal audit and risk consulting firm Protiviti has today been launched in the Australian market.

Cayman Islands insurer banned from trading after ASIC action

AAP  |  TUESDAY, 15 JUN 2004
A Cayman Islands-registered insurer has been banned from trading in Australia until it becomes properly licensed after a successful action brought by the Australian Securities and Investments Commission (ASIC).

LBW plans $A domestic issue in the near future

AAP  |  TUESDAY, 15 JUN 2004
Landesbank Baden-Wurttemberg (LBW), on Friday announced it has mandated ABN AMRO Bank N.V. Australian branch and RBC Capital Markets to joint lead manage a $A domestic issue.

FPA rejects calls for prosecution

The Financial Planning Association (FPA) has rejected criticism of it by the Australian Investors Association (AIA) which has called for the FPA to be prosecuted for false and misleading statements.

ASIC takes Market Traders to court

AAP  |  FRIDAY, 11 JUN 2004
Australia's corporate watchdog has begun legal proceedings against Market Traders Instituted Australasia for conducting a financial services business without a license.