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Hastings partners with Japanese bankBY JAMES FERNYHOUGH | WEDNESDAY, 10 DEC 2014 12:25PM
Hastings Funds Management has partnered with the largest trust bank in Japan, Sumitomo Mitsui Trust Bank (SuMi Trust), to invest in infrastructure debt opportunities in Europe.
Read more: Hastings partners, SuMi Trust, Europe, Hastings Funds Management, Japan, Sumitomo Mitsui Trust Bank, Insurance, Andrew Day, Canberra, China Merchants Investment Development Company Limited, CMID, Hong, India, Korea, Strategic Partnership Agreement
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Pendal Group has made year-long fee cuts on two funds, as it sees the Reserve Bank of Australia holding the cash rate at the record-low of 0.25%.
Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications.
ME Bank chief executive Jamie McPhee has resigned after weathering scrutiny over the bank's adjusting of redraw facilities for mortgage customers and its relationship with the industry funds that own it.
At a time when many Australians are engaging directly with their superannuation fund for the first time, member satisfaction appears mixed, with two separate surveys producing some opposing views.
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