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Showing 91 - 100 of 2519 results for "Initiative"

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
... 2023. This aligns with the bank's anticipation of notable items, including one-off expenses tied to the cost reset initiative and charges related the Commonwealth's Compensation Scheme of Last Resort (CSLR). According to ASIC, the CSLR will provide ...

Magellan performance halves across the board

KARREN VERGARA  |  FRIDAY, 18 AUG 2023
As Magellan Financial Group's funds under management and profit drastically decline, its investments in Barrenjoey Capital Partners and FinClear also took a toll on its 2023 financial year performance. The group's average funds under management ...

BT names platform strategy lead

CHLOE WALKER  |  MONDAY, 14 AUG 2023
Following Westpac's decision to retain and invest in its platforms business, Russell Brinckley will return to the business as its head of platform strategy and development. Brinckley spent over 20 years at BT before moving to FNZ Australia in March ...

Super tough sell for First Nations people: Podcast

CASSANDRA BALDINI  |  FRIDAY, 11 AUG 2023
In the latest episode of the Financial Standard podcast, First Nations Foundation chief executive Phil Usher says superannuation is inadequate for meeting the needs of all Indigenous Australians, adding that change is needed to ensure better future ...

ASX-listed firms partner for financial education

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
... other industry experts, enabling them to make informed decisions about their future. "When we first discussed this initiative with TIP Group, we saw an alignment in how we want to support Australians with financial knowledge; it made sense to pool our ...

Multiple moves in Aware investments team

ELIZABETH FRY  |  FRIDAY, 11 AUG 2023
... products and services for members. As the fund works to deliver further benefits of scale and lower fees, a second digital initiative for the investment team will see the creation of a data platform that will integrate projected increases across private ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... assets, with an objective of achieving returns of CPI plus 2%. Reflecting on the significance of the industry-first initiative, Hejaz Financial Services co-founder Muzzammil Dhedhy told Financial Standard : "Superannuation is fundamental to ensuring ...

Cbus appoints new head of portfolio strategies

ANDREW MCKEAN  |  FRIDAY, 4 AUG 2023
Cbus has created a head of portfolio strategies role, bringing on board the former lead of investment model design at AustralianSuper. Leigh Gavin was appointed as the head of portfolio management, a role conceived to drive the superannuation fund's ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
Fitch has downgraded the US's credit rating to AA+ from AAA, citing fiscal deterioration, a growing government debt burden, and an erosion of governance that has manifested in repeated debt limit standoffs. "Over the next decade, higher interest rates ...

New chief executive for retail super fund, platform

KARREN VERGARA  |  TUESDAY, 1 AUG 2023
... Hegerty oversaw the rebrand of AMG Universal Super to AMG Super. AMG Universal Super was launched in 2000 as a joint initiative between DDH Graham and Pension Investments. AMG Super's MySuper was one of many super products that underperformed for ...