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Showing 1121 - 1130 of 2737 results for "Shareholders"

Freedom ditches life insurance sales

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
Freedom Insurance Group announced it will stop selling life insurance products and alerted shareholders of the likelihood it will face a liquidity crisis next year. The board of the embattled insurer has decided to search for alternative business models ...

Fiducian acquires Perth financial planning firm

KANIKA SOOD  |  MONDAY, 3 DEC 2018
... across Western Australia, New South Wales and Victoria to raise $83 million in FUA, it said in a September address to shareholders. The group is planning to split the $73 million under advice of its latest acquisition. About $64 million will be absorbed ...

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
ANZ chief executive Shayne Elliott admitted the bank did not disclose to its shareholders or staff that three of its senior executives had their variable pay held back in FY18 on account of compliance issues. Elliot's own variable remuneration was ...

Blue Sky LIC adds new directors, denied pay rise

JAMIE WILLIAMSON  |  THURSDAY, 29 NOV 2018
... same time, a six-figure aggregate increase to the annual remuneration of non-executive directors was not approved by shareholders. Based on proxy forms received ahead of the fund's (ASX:BAF) annual general meeting today, board directors Paul Masi and ...

Advice software founder steps down

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
... follows a $3 million capital raise after which Intiger conducted a review of its business plan and structure to ensure shareholders' resources are used most effectively to achieve the company's goals. "I feel very fortunate to have the opportunity to ...

Aussie banks underestimated difficulties of advice: Hartzer

HARRISON WORLEY  |  THURSDAY, 22 NOV 2018
... Australian bank not to recently jettison its wealth management arm - over the value of financial advice to Westpac's shareholders if the bank was not manufacturing wealth management products. Hartzer's response was coy. "It's more challenged," he said. ...

Aussie companies drop dividends

KANIKA SOOD  |  MONDAY, 19 NOV 2018
... from 2017 as dividend growth at local banks flat lined. ASX-listed companies paid out US$24.5 billion ($33.5bn) to shareholders in quarter three, down 2.2% from US$25.1 billion ($34.3bn) in quarter three last year. Telstra was the biggest drag on the ...

Merger to create $885m LIC

KARREN VERGARA  |  WEDNESDAY, 14 NOV 2018
... retirement following 12 years at the WAM group. Stott remains a director of LICs WAM Capital and WAM Microcap. CYA shareholders will vote on the proposed scheme scheduled for January 2019. The CYA board said the merger is in the best interests of the ...

ASX dismisses concern over AMP sale

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
... divestments reshaped AMP "as a simpler, more focused group that is well positioned to compete in our core markets." "For shareholders, the agreement with Resolution Life and our exit from wealth protection and mature delivers important strategic benefits. ...

Managed accounts provider enters crowdfunding

DARREN SNYDER  |  WEDNESDAY, 7 NOV 2018
... the AFSL of a managed accounts provider, allowing it to provide an equity crowdfunding service. BIR Financial told shareholders that its securities trading and corporate advisory business, Pulse Markets, was recently granted permission to begin an equity ...