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Showing 11351 - 11360 of 21783 results for "Dec"

Pillar privatisation confirmed

MARK SMITH  |  THURSDAY, 10 DEC 2015
The NSW Government has confirmed it will sell its superannuation administrator Pillar, ending months of speculation. The state government will invest the proceeds of the privatisation into vital services and infrastructure, NSW Treasurer Gladys Berejiklian ...

Government proposes super portfolio disclosure

DARREN SNYDER  |  THURSDAY, 10 DEC 2015
Super portfolio disclosure is one of a number of measures tabled by the Federal Government to help Australians make more informed decisions about their superannuation. The Federal Government is also proposing using consolidated MySuper data to compare ...

Four steps up, four steps down

BENJAMIN ONG  |  THURSDAY, 10 DEC 2015
Is the Reserve Bank of New Zealand (RBNZ) just toying with monetary policy or what? This is the feeling one gets when one looks at the history of the RBNZ's adjustments to its official cash rate target over the past few years. Yesterday's decision by ...

SMSFs could own Kidman Station

LAURA MILLAN  |  WEDNESDAY, 9 DEC 2015
A crowd-funded initiative is proposing that self-managed super funds (SMSFs) raise about $360 million to acquire Kidman Station. The initiative, started by retail investment platform DomaCom and financial adviser Stephen Burgin, was set up following ...

Class to list on ASX before Christmas

DARREN SNYDER  |  WEDNESDAY, 9 DEC 2015
Self-managed superannuation administrative software provider Class is expected to commence trading on the Australian Securities Exchange (ASX) from 16 December 2015. Class closed its IPO offer on 4 December with about $25 million allocated to new investors ...

IOOF $20bn custody review selects BNP

ALEX BURKE  |  TUESDAY, 8 DEC 2015
IOOF has selected BNP Paribas Securities Services after consolidating its custodians from three to one. BNP will now provide custody, master custody, middle-office and compliance services for IOOF; previously, these responsibilities were also distributed ...

CBA to close institutional equities business

MARK SMITH  |  TUESDAY, 8 DEC 2015
Commonwealth Bank is closing its institutional equities business following a strategic partnership with Goldman Sachs investment bank. Commonwealth Bank's proprietary institutional equities team that forms part of the bank's institutional banking and ...

Oil slip

BENJAMIN ONG  |  TUESDAY, 8 DEC 2015
No more quotas. No more targets. No more ceilings. This was OPEC's (Organisation of Petroleum Exporting Countries) decision at their meeting in Vienna last Friday - the decision that sent oil prices down to 6-year lows. WTI oil dropped by 5.8% to US$37.65 ...

Whitehelm Capital acquires 49% stake in GE business

ALEX BURKE  |  MONDAY, 7 DEC 2015
Whitehelm Capital has acquired a 49.9% stake in General Electric Energy Financial Services' Worsley Multi-Fuel Cogeneration (Worsley Cogen) power plant. Worsley Cogen is valued at $1.2 billion and GE will retain a 50.1% stake in the business. It generates ...

Default super should have base ESG standard: RIAA

DARREN SNYDER  |  MONDAY, 7 DEC 2015
Responsible Investment Association Australasia (RIAA) is calling for default superannuation investments to include a base level of environmental, social and governance (ESG) standards. In its latest discussion paper RIAA has proposed MySuper products ...