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Bain Capital begins restructure reckoning

BY ALLY SELBY | WEDNESDAY, 5 AUG 2020 12:32PM

Virgin will cut 3000 jobs, discontinue budget airline Tigerair, suspend long-haul international flights and simplify its fleet, as Bain Capital begins to restructure its new aviation group.

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Editor's Choice

Equity Trustees super exit sparks Hejaz Islamic Super and Pension closure

KARREN VERGARA | 12:35PM

Hejaz's Islamic Super and Pension products will be terminated as a fallout from Equity Trustees ditching the superannuation trustee business. The latter, however, says otherwise.

Sequoia revokes dividends, chief financial officer exits

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Sequoia will not pay any dividends in the financial year, revoking interim dividend it had announced earlier in the year of one cent per share, as an adviser exodus puts pressure on its revenue.

Acclaim Wealth names chief executive

MATTHEW WAI | 11:47AM

The Brisbane-based wealth and superannuation business has appointed a new chief executive, as former boss Terry Constable landed a new role at Infocus after almost three years at the helm.

Global X cuts fees on gold ETF

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