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Superannuation

Aon Consulting wins Caltex super tender

Caltex Australia has moved its 1700 member, $260 million superannuation plan from Mercer to Aon Consulting, following an extensive tender process.

Mariner adds to Lifestyle Bond range

Mariner Financial last week said it has lodged prospectuses for two additions to its recently launched range of seven, 10, 12 and 15-year Lifestyle Bonds.

Walter demands new NAB chair ahead of general meeting

AAP  |  MONDAY, 29 MAR 2004
Embattled National Australia Bank director Catherine Walter has conditionally agreed to quit, with the replacement of Graeme Kraehe as chairman among her list of demands.

Macquarie ProLogis to buy 90% stake in six US properties

AAP  |  FRIDAY, 26 MAR 2004
Macquarie ProLogis Trust said today it would acquire a 90% stake in six industrial properties in the United States, to further enhance its portfolio.

NAB dividends appear safe, says analyst

AAP  |  FRIDAY, 26 MAR 2004
National Australia Bank's high dividends do not appear to be in danger despite the demands placed on the bank by APRA yesterday, according to one analyst.

Corporate, industry super funds at risk of fraudulent benefit claims

Corporate and industry superannuation funds face a growing risk of paying fraudulent benefit claims, according to KPMG's director of forensic Dean Newlan.

CFSI launches infrastructure fund

Australia's largest fund manager Colonial First State Investment plans to launch an infrastructure fund in the June quarter aimed at the wholesale market, the company said.

Advance and Maple-Brown Asset launch Asian equity fund

AAP  |  FRIDAY, 26 MAR 2004
Fund managers Advance Asset Management and Maple-Brown Abbott have launched a new Asian equity fund for retail and wholesale investors.

Elders Finance reports drop in profit

AAP  |  THURSDAY, 25 MAR 2004
Elders Finance reported operating profit before tax of $9.4 million for the six months ended December 31, 2003, down from the $10.8 million posted in the same period the year earlier.

APRA raised risk management concerns in January 2003

AAP  |  THURSDAY, 25 MAR 2004
Australia's banking regulator raised concerns about risk management at National Australia Bank with the bank's board in January 2003, according to a report out yesterday on the forex trading scandal at NAB.