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Showing 101 - 110 of 528 results for "ACCR"

Super fund gets ahead of CIPR obscurity

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
An industry superannuation fund is raising the bar on managing longevity risk and taking the initiative to get ahead of the retirement income review gridlock. Chris Drew, the investment manager for public markets at the Australian Catholic Superannuation ...

Macquarie introduces new wrap cash fee

ELIZABETH MCARTHUR  |  TUESDAY, 25 AUG 2020
Macquarie Wrap cash account holders have been hit with a cash administration fee, to be deducted from the interest accrued, which is higher than the interest rate. The changes impact users of Macquarie Wrap, which has a cash account through which all ...

Calls for Rio chief to be sacked

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
... Rio Tinto has resulted in calls for the chief executive to be sacked. The Australasian Centre for Corporate Responsibility (ACCR) said it was "appalled" at the internal board review of cultural heritage management by the mining company. "Rio Tinto's ...

Fiducian posts $10.5m in FY20 profits

KANIKA SOOD  |  MONDAY, 17 AUG 2020
ASX-listed Fiducian Group doubled its net inflows to $217 million in FY20, as it posts $10.5 million in statutory net profit after tax for the year. Net profit for the group - which includes funds management, financial planning, corporate and platform ...

Class announces $4.2m acquisition

ELIZA BAVIN  |  THURSDAY, 13 AUG 2020
Class announced that it has executed an agreement to buy 100% of Assuriti (Smartcorp) for $4.2 million as it reported a 15% increase in FY19 operating revenue. The acquisition compromises an upfront cash payment of $2.73 million upon completion, plus ...

ASX reviewing CHESS replacement feedback

ALLY SELBY  |  THURSDAY, 6 AUG 2020
The ASX is now reviewing market recommendations on the new system to replace CHESS, following the conclusion of a four-week consultation period ending July 28. CHESS was developed by the ASX over 25 years ago, enabling the conversion of physical shares ...

Rio Tinto decision exposes limits of super engagement

ELIZABETH MCARTHUR  |  TUESDAY, 7 JUL 2020
... Tinto's executive board last week. His promotion was branded by the Australasian Centre for Corporate Responsibility (ACCR) as "another horrendous Rio decision", and came just weeks after several super funds invested in Rio Tinto told Financial Standard ...

JBWere to add 50 to team

ELIZA BAVIN  |  FRIDAY, 3 JUL 2020
NAB has announced it is looking to boost its team at JBWere with the recruitment of 50 new bankers and financial advisers. NAB said the move is part of a strategy to provide high-net -worth clients with a single point of access for their financial needs. ...

Challenger raising $300m, to add IG bonds

KANIKA SOOD  |  MONDAY, 22 JUN 2020
Challenger is raising up to $300 million to add to its balance sheet and will invest further in investment grade fixed income. The institutional placement of $270 million is priced at $4.89 per share for about 55.2 million new shares representing 9% ...

Flamingo AI acquisition scrapped

KANIKA SOOD  |  TUESDAY, 16 JUN 2020
ASX-listed Flamingo Ai's proposed sale of its assets to Rymamay Investments has been scrapped after due diligence by the latter, as the parties couldn't agree the terms of the share sale agreement. Flamingo's board has now set itself a 30-day timeline ...