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Showing 10351 - 10360 of 29084 results for "PRI"

Boutique manager to launch LIC

KANIKA SOOD  |  MONDAY, 3 SEP 2018
A $2.3 billion boutique fund manager is set to launch a listed investment company based on an in-house strategy that has delivered 57.2% in compound annual returns in the last three years. Tribeca Investment Partners is aiming to raise up to $250 million ...

Robo-advice not dead: GlobalData

HARRISON WORLEY  |  MONDAY, 3 SEP 2018
Despite the recent closure of UBS' robo-advice offering in the United Kingdom, robo-advice is here to stay. According to GlobalData wealth management analyst Sergel Woldemichael, the high-profile shuttering of the giant's UK robo platform means little ...

Drought-hit farmers turn to advice

KANIKA SOOD  |  MONDAY, 3 SEP 2018
This July was the driest in Australia for 16 years. Almost 100% of New South Wales and 57% of Queensland is in drought and financial advisers are dealing first-hand with the impact. The numbers are startling yet they don't come close to measuring ...

Industry fund appoints new director

JAMIE WILLIAMSON  |  FRIDAY, 31 AUG 2018
A $5 billion industry superannuation fund is welcoming a new director to its board. TWU Super has appointed Michelle Harwood to the board as an employer director. Harwood was operations manager of registered training organisation TransTrain until its ...

FSC responds to direct life insurance findings

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
The Financial Services Council said it is "disappointed" ASIC's review into direct insurance has uncovered continuing practices of some life insurers that led to poor consumers outcomes. In response to the report ASIC handed down yesterday, the FSC ...

WAM Capital announces LIC takeover bid

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
WAM Capital is attempting to takeover a listed investment company managed by Perennial that it says has consistently "underperformed" since inception. WAM Capital made a conditional off-market takeover bid for Wealth Defender Equities Limited (ASX ...

AMP Capital expands infrastructure equity team

HARRISON WORLEY  |  FRIDAY, 31 AUG 2018
AMP Capital appointed an associate director for social care to identify opportunities to increase investment in Australia's health and social care. Daniel Pilbrow joins AMP Capital to focus on creating value within AMP Capital's existing health infrastructure ...

Perpetual reports $140m profit, investments business dips

KANIKA SOOD  |  THURSDAY, 30 AUG 2018
Perpetual has delivered a net profit after tax of $140 million for the financial year, as its private wealth and corporate trust units jumped in profits and the investments business dipped. The total NPAT is up 2% over FY17. Perpetual Investments profit ...

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
A comprehensive ASIC review of direct life insurance found sales practices and products that offer little to no value are leading to poor consumer outcomes. The practises of 11 life insurance providers selling direct-to-customers were examined and included ...

Kapstream renews industry fund relationship

DARREN SNYDER  |  THURSDAY, 30 AUG 2018
An $8.5 billion industry superannuation fund has committed more than $200 million to Kapstream Capital's new absolute return income strategy. Marking the latest in a series of mandates awarded this year, the Australian Catholic Superannuation and ...