Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1151 - 1160 of 3464 results for "Stake"

Advisers to go forth with claims handling

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
The Association of Financial Advisers (AFA) has welcomed the government's regulation that will exempt advisers from varying their AFSL to provide claims handling, following a submission outlining issues. The government passed Financial Sector Reform ...

Westpac earnings take hit

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
... were offset partially due to a net gain on the group's investment in Coinbase at $288 million and a gain on the sale of its stake in Zip Co which was $18 million. The bank also noted changes to its software capitalisation policy and is increasing the ...

APRA releases draft climate change guidance

RACHEL ALEMBAKIS  |  FRIDAY, 23 APR 2021
Financial risks of climate change can interact and compound other institutional risks including credit risk, market risk, and liquidity risk, APRA has emphasised in a new practice guide. APRA has released a draft guide for Prudential Practice Guide ...

Pahari to leave AMP amid demerger

JAMIE WILLIAMSON  |  FRIDAY, 23 APR 2021
... offering investment services across infrastructure equity, infrastructure debt and real estate. AMP Limited will own a 20% stake in Private Markets. "The proposed demerger would unlock further value in the Private Markets business by simplifying its ...

Senate report on YFYS reforms delayed

KANIKA SOOD  |  THURSDAY, 22 APR 2021
The senate economic committee's report on Your Future, Your Super reforms has been delayed by a week, as superannuation funds await specifics ahead of the proposed July 1 start date. The senate economics legislation committee, chaired by Liberal senator ...

Schroders buys stake in debt manager

KANIKA SOOD  |  THURSDAY, 22 APR 2021
Schroders will buy 50.1% of commercial real estate lender RF Eclipse Limited, which currently manages about $300 million for Schroders. RF Eclipse is owned by RF Group, the family office of Andrew Roberts, former majority shareholder of Multiplex property ...

Centuria acquires stake in Bass Capital

KANIKA SOOD  |  THURSDAY, 22 APR 2021
Centuria Capital Group will pay $24 million for a 50% stake in the real estate debt manager, founded five years ago by former UBS and Wingate investors. Bass Capital has about 300 high-net-worth investor clients and provides real estate secured non-bank ...

ASIC opens breach reporting consultation

ANNABELLE DICKSON  |  THURSDAY, 22 APR 2021
The corporate regulator is seeking stakeholder feedback on updates to draft guidance on breach reporting reforms that aim to reduce industry misconduct. ASIC's draft guidance is based on reforms made to the breach reporting regime under the F inancial ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
The federal government will fold the 2022 Life Insurance Framework Review into the Quality of Advice Review, taking over the responsibilities from ASIC. The Quality of Advice Review will consider the LIF Review as part of its wider mandate, Minister ...

HUB24 FUA up on acquisitions

ANNABELLE DICKSON  |  TUESDAY, 20 APR 2021
... prospects." Further to this, HUB24 has completed its proportional takeover offer of Easton Investments and now has a 31.5% stake. As such, HUB24 has a technology partnership and distribution agreement with Easton whereby HUBconnect Insight will be rolled ...