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Superannuation

ASIC lack of funds behind lack of transparency: Labor

AAP  |  WEDNESDAY, 10 MAR 2004
Inadequate funding could be behind the corporate watchdog's lack of transparency.

Telstra Super awards two hedge fund mandates

Telstra Super has followed its decision to allocate a further $90 million to hedge fund-of-funds by appointing two additional hedge funds managers.

Business conditions recover in February: NAB survey

AAP  |  TUESDAY, 9 MAR 2004
Australia business conditions partly recovered in February, following a surprisingly large fall in January, according to the National Australia Bank's Monthly Business survey.

Macquarie Bank buys entire ING Asian equities business

AAP  |  TUESDAY, 9 MAR 2004
Macquarie Bank will buy ING Group's Asian equities division for an undisclosed sum, nearly tripling its head count in the region and adding 1,000 new clients.

AMP now chasing respect from ratings organisations

AAP  |  MONDAY, 8 MAR 2004
The new look AMP will be far more disciplined in its approach towards acquisitions with surplus cash being used to pay down debt over the course of the next 12 to 18 months.

Court appoints liquidator to 10 property developers

The Supreme Court of NSW has appointed a liquidator to 10 property developers, after the Australian Securities and Investments Commission requested they be wound up on the grounds that they are insolvent.

Mariner buoyant with $2.4 million profit

Financial services group Mariner Financial has announced a $2.4 million net profit for the six months to December 31, 2003.

JUST adopts new fee structure

JUST Super is to implement a new fee structure for its membership and will scrap its weekly fee.

SunSuper joins disclosure regime

SunSuper has opted into the new disclosure requirements required under the Financial Services Reform Act.

Government tips $4.5 billion into Telstra, Australia Post super schemes

AAP  |  FRIDAY, 5 MAR 2004
The federal government today said it will pour more than $4.5 billion into paying out its superannuation liabilities to Telstra and Australia Post.