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Superannuation

NAB chief executive rules out UK and Irish sell-off

AAP  |  TUESDAY, 6 APR 2004
New National Australia Bank chief executive John Stewart has reportedly scuttled renewed speculation the group was thinking of selling its United Kingdom and Irish operations.

Asset Backed to buy China phosphate operation for $6.4 million

AAP  |  TUESDAY, 6 APR 2004
Listed investment group Asset Backed Holdings said it plans to buy a phosphate rock operation and chemical plant in China for $6.4 million.

Westpac completes $US525 million tier one securities offer

AAP  |  TUESDAY, 6 APR 2004
Westpac Banking Corporation said today it had closed its offer of $US525 million tier one hybrid capital securities.

ASIC invites comment on CLERP 9 guidance papers

AAP  |  TUESDAY, 6 APR 2004
The investment watchdog has invited comment on three guidance papers on new audit rules included in the government's CLERP 9 proposals.

QBE could be close to acquisitions

AAP  |  MONDAY, 5 APR 2004
Global insurer QBE Insurance Group could be on the verge of a significant acquisition, saying on Friday its earnings were tracking ahead of expectation in 2004.

Soul Pattinson and Pitt Capital invest in new merchant banker

AAP  |  MONDAY, 5 APR 2004
A new merchant banker in South Australia has gained the backing of investment group Washington H Soul Pattinson & Company.

NAB adds A$57 million NZ tax bill to woes

National Australia Bank faces a possible tax bill of up to NZ$212 million (A$184.8 million) from New Zealand tax authorities after receiving a bill for NZ$57 million relating to its Bank of New Zealand unit.

IML to close fund

Investors Mutual (IML) has announced it is closing its Future Leaders Fund to new investors on May 31, following rapid growth over the two years since its inception.

AMP pays top nine execs $18 million during 2003

AMP's top nine executives received a combined $18 million in 2003, according to the company's annual report issued yesterday.

S&P assigns AA rating to GE Mortgage Insurance

Standard & Poor's said yesterday it had assigned its AA insurer financial strength rating to Australian-based GE Mortgage Insurance.