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Showing 1121 - 1130 of 5661 results for "EARN"

ANZ flags earnings hit

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
ANZ has announced a $528 million impact on its cash profit as a result of remediation costs, accelerated software costs and goodwill write off. Following a product review across ANZ, remediation charges have been increased $97 million from the first ...

HUB24 to acquire Xplore, offloads Paragem

ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
HUB24 announced a series of significant transactions, including plans to acquire Xplore Wealth and the sale of its financial advice business. Paying $60 million for Xplore, the platform provider said the proposed acquisition through a scheme of arrangement ...

Ninety One wins equity mandate

KARREN VERGARA  |  MONDAY, 26 OCT 2020
A $42 billion superannuation fund has awarded a mandate that targets Chinese equities to the newly rebranded Ninety One. State Super has allocated the mandate to Ninety One's 4Factor All China Equity strategy. Ninety One manages $205 billion with ...

NAB adds to wealth client remediation

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
National Australia Bank has added to its existing $2 billion bill for customer remediation, upping its provisions for wealth clients ahead of its full year results. The bank has increased its provisions for customer remediation to $266 million after ...

Aware Super shakes up SRI option

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 OCT 2020
... will be managing Australian and international SRI equities. The new screens on the SRI option will exclude businesses that earn 5% or more of revenue from fossil fuels and their supply chains, and provide scope to remove organisations that don't ...

Future Fund posts modest growth

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
Australia's sovereign wealth fund grew 1.1% in the September quarter to $163 billion, but is down 1.8% year on year due to the impact of COVID-19 in the March quarter. Future Fund chair Peter Costello said the fund exists to strengthen the Commonwealth's ...

Super needs improvement: Report card

KARREN VERGARA  |  WEDNESDAY, 21 OCT 2020
Australia's pension system has fallen short of its world-class status, according to a global study, which rated the $3 trillion superannuation industry a 'B'. The Mercer CFA Institute Global Pension Index ranked Australia fourth out of 39 ...

Aussie asset managers fourth-fastest in global growth

KANIKA SOOD  |  TUESDAY, 20 OCT 2020
Australian asset managers are the fourth-fastest growing of their global peers, clocking in 11.9% in compounded annual growth over the last five years, says a new report from Willis Towers Watson. Willis Towers Watson's Thinking Ahead Institute published ...

NAB to pay $15m for Royal Commission case study

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
... potential customer to NAB in exchange for a commission if the customer signed up to a NAB loan. All the introducers had to do to earn their commission was provide NAB with a name, contact details and the reason the person was seeking credit. ASIC's ...

BT terminates two funds

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
BT is winding up two growth funds due to a lack of investor demand. The BT Partner Australia Shares Growth 1 Fund and the BT Partner International Shares Core 1 Fund were terminated on 12 October 2020. They're both single manager funds that have been ...