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Showing 1131 - 1140 of 2856 results for "Initiative"

Willis Re refreshes executive lineup

KANIKA SOOD  |  WEDNESDAY, 16 JAN 2019
Willis Towers Watson has appointed a new deputy chief executive for its Australian reinsurance broking business. It is one of three key moves in the business. The new deputy chief executive for Willis Re Australia will now be John Philipsz who launched ...

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
The sale of ANZ's pensions and investments business may take longer than anticipated with contracts now amended following APRA's regulatory action against IOOF. Providing a further update on the sale, ANZ said it has agreed an amendment with ...

BlackRock to drop 500 staff

JAMIE WILLIAMSON  |  FRIDAY, 11 JAN 2019
About 500 BlackRock staff will be laid off in the coming weeks, the investment house has confirmed. In an internal memo to staff, BlackRock president Rob Kapito said growing market uncertainty and evolving investor preferences are driving the firm's ...

The problem the Productivity Commission is trying to fix

ALEX DUNNIN  |  THURSDAY, 10 JAN 2019
Australia's superannuation sector in trying to digest the Productivity Commission's 700-page report with its 31 recommendations need to keep in mind the massive structural problems it is trying to fix. The fundamental problem that has perplexed ...

IOOF appoints independent reviewer

DARREN SNYDER  |  TUESDAY, 1 JAN 2019
APRA's licence conditions imposed on IOOF require the wealth manager to begin 2019 with the appointment of an independent reviewer who will report to the regulator quarterly. The independent reviewer's role will be to report on IOOF's progress ...

Shareholders put NAB board in the hot seat

KARREN VERGARA  |  WEDNESDAY, 19 DEC 2018
NAB executives were slammed for destroying shareholder value and for losing its lead as Australia's biggest bank by market capitalisation at its annual general meeting in Melbourne this morning. One shareholder during the question and answer session ...

Link hires former State Street MD

DARREN SNYDER  |  MONDAY, 17 DEC 2018
Link Fund Solutions has welcomed its new head of relationship management and sales. Rebecca Edwards joined recently and will be responsible for continuing and building on the division's strong record of delivering industry-leading client service. ...

Bonds reward equity investors seeking refuge

KARREN VERGARA  |  MONDAY, 17 DEC 2018
Investors who firmly believe that fixed income is a safety net in times of market volatility - and followed through by ditching equities - have been well-rewarded for their efforts. Investors in Australia who switched to bonds at the end of October ...

APRA unveils new prudential measures

KARREN VERGARA  |  WEDNESDAY, 12 DEC 2018
APRA has finalised new measures aiming to strengthen superannuation member outcomes that will take effect from 1 January 2020. Among the initiatives, the regulator will require RSE licensees of MySuper and choice products to assess, annually benchmark ...

Retirement income covenant consultation continues

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
... income risk measure and the method of calculation is also up for consultation. Submissions close on 23 March 2019. The initiative is part of the Retirement Income Covenant Position Paper released in May 2018. Assistant Treasurer Stuart Robert said in ...