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Showing 111 - 120 of 302 results for "Divestment"

AIA progresses with acquisition

ANNABELLE DICKSON  |  TUESDAY, 19 JAN 2021
... November 2019 and is part of the revised transaction path. The bank said it expects the ultimate completion of the divestment will occur via a statutory asset transfer in the second half of FY21, at which time the remaining proceeds of approximately ...

CBA provides BoCommLife update

ANNABELLE DICKSON  |  WEDNESDAY, 9 DEC 2020
... The transaction is expected to be completed by December 31. In September, CBA received $450 million furthering the divestment of CommInsure Life to AIA Group. The payment followed a $500 million upfront payment in November 2019 and is part of the revised ...

Funds' net-zero ambitions collide with Santos

ELIZABETH MCARTHUR  |  WEDNESDAY, 2 DEC 2020
... appear in the top holdings of for CareSuper, LGS and Statewide in 2019 but not anymore due to reduction in allocation or divestment. Aware Super, AustralianSuper, Cbus and CareSuper have all made commitments to have net-zero carbon emission portfolios ...

FPA appoints director

ANNABELLE DICKSON  |  TUESDAY, 1 DEC 2020
The Financial Planning Association of Australia (FPA) has appointed a former KPMG partner to its board and chair of the audit and risk committee. Diana D'Ambra has joined the board following the resignation of Paul Ruiz after serving nearly two years ...

AIA under fire for coal holdings

ELIZA BAVIN  |  WEDNESDAY, 25 NOV 2020
... to its ambitions as a corporate leader," it said. Insure Our Future and SumOfUs have called for AIA to adopt a coal divestment policy which covers all companies planning new coal mining, power or infrastructure project, or generate at least 20% revenue ...

HUB24 to acquire Xplore, offloads Paragem

ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
... hold the same role at Easton. HUB24 has proposed a subscription for new shares in Easton for $14 million cash and the divestment of Paragem to Easton for $4 million of new Easton shares. Following a share buyback, HUB24 will own 40% of Easton. Easton ...

BOQ sells insurance business

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
... term vision for the business which includes meeting the continued obligations of policyholders," Frazis said. "The divestment enables us to focus on our niche customer segments while simplifying out business model." Farmcove managing director Matt Lancaster ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
Commonwealth Bank has received another payment furthering the divestment of its life insurance business to AIA Group. CBA has received a payment of approximately $450 million for the sale of CommInsure Life with the proceeds resulting in a pro forma ...

Super funds accused of chest beating on climate change

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 SEP 2020
Two major industry superannuation funds have this week made bold statements about their stance on climate change, but critics argue it may be "virtue signalling" with little substance. UniSuper announced this week it is committed to achieving net zero ...

UK pensions to factor in climate change risk

JAMIE WILLIAMSON  |  FRIDAY, 4 SEP 2020
... risks and protect the retirement savings of hard-working people," she added. Acknowledging that some may say complete divestment is the better option, Coffey said such an approach is overly simplistic and actually makes it harder to achieve net zero. ...