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Superannuation

NAB set to go public with APRA report into forex scandal

AAP  |  WEDNESDAY, 24 MAR 2004
National Australia Bank will today release most, if not all, of a damning report by the financial services watchdog on a breakdown in its risk management systems.

CPA launches register to help boardrooms comply with regulations

AAP  |  WEDNESDAY, 24 MAR 2004
The certified accountants organisation, CPA Australia, has launched a new register aimed at helping companies comply with regulatory requirements and appoint independent directors to boards.

Cavendish boosts team with technical services manager

Cavendish Superannuation has boosted its team with the appointment of Michael Houlihan.

Promina announces $250 million reset preference shares

AAP  |  TUESDAY, 23 MAR 2004
Insurer Promina Group said today that it had today made an offer of up to $250 million in reset preference shares as part of its long term capital management program.

S&P assigns preliminary ratings to Compass RMBS issues

AAP  |  TUESDAY, 23 MAR 2004
Standard & Poor's Ratings Services has assigned its preliminary ratings to two issues of Australian residential mortgage backed securities by Compass Master Trust.

Bendigo Bank to pick up $7.6 million pre-tax in Cashcard takeover

AAP  |  TUESDAY, 23 MAR 2004
Bendigo Bank said today it will pick up $7.6 million before tax if the acquisition of Cashcard Australia by US group First Data Corporation goes ahead.

Comfortable retirement a pipedream for many Australians

AAP  |  MONDAY, 22 MAR 2004
Comfortable retirement is a pipedream for many ordinary working Australians, according to a major superannuation fund.

CBA launches sixth global mortgage securitisation

AAP  |  MONDAY, 22 MAR 2004
The Commonwealth Bank has launched its sixth global issuance of A$3.4 billion mortgaged backed securities through Medallion Trust; its Mortgage Backed Securities programme.

Labor targets audit committee chair in NAB fallout

AAP  |  MONDAY, 22 MAR 2004
The federal opposition has called for more heads to roll at National Australia Bank (NAB) as a result of its forex trading fiasco, singling out embattled board member Catherine Walter.

Babcock & Brown leans toward ASX listing

AAP  |  FRIDAY, 19 MAR 2004
Global investment bank Babcock & Brown is reportedly planning a float of its entire international operation on the Australian Stock Exchange.