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Showing 1211 - 1220 of 10357 results for "Close"

Global insurers eye private markets, clean energy: BlackRock

ANDREW MCKEAN  |  FRIDAY, 29 SEP 2023
... inflation concerns, with 71% of respondents citing it as the biggest economic surprise for the second consecutive year. Close behind, 59% flagged recession risk as their primary macroeconomic concern. Over half of insurers (55%) foresee potential vulnerabilities ...

Australia's wealth gap deepens: Report

CHLOE WALKER  |  WEDNESDAY, 27 SEP 2023
... supports. However, during 2021-22, the removal of these income supports largely reversed this trend, restoring income inequality close to its pre-COVID level. The average income of the lowest 20% fell by 3.5%, compared with 0.5% for the middle 20%, and ...

Praemium secures Mercer mandate

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
... agreement, Mercer will receive end-to-end integrated portfolio administration and reporting services through Praemium. Initially, close to 400 client portfolios will be administered by the platform provider, Praemium said. Further, the partnership will ...

Qantas Super confirms merger plans

JAMIE WILLIAMSON  |  MONDAY, 25 SEP 2023
Having reviewed its current scale and potential for growth, the $8.4 billion superannuation fund has confirmed it intends to explore merger options. Following speculation last week, Qantas Super said the board has reviewed the fund's size, growth ...

HMC Capital reaches first close on fund

CASSANDRA BALDINI  |  MONDAY, 25 SEP 2023
... it's on track to achieve a $10 billion in committed AUM target by the end of 2023. "We are delighted to reach first close and welcome a number of top tier major new strategic capital partners for the Healthcare and Life Sciences Unlisted real estate ...

GPT appoints Charter Hall executive as new chief

CASSANDRA BALDINI  |  MONDAY, 25 SEP 2023
GPT Group (GPT) has appointed former Charter Hall chief financial officer Russell Proutt as its chief executive and managing director. Proutt is set to take over from Bob Johnston and will officially assume the top position by 25 March 2024. In the ...

APRA moves to ensure improved member outcomes

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
APRA is updating Prudential Standard 'Strategic Planning and Member Outcomes' (SPS 515) to enhance member outcomes in superannuation, including requiring trustees to justify business-related expenses. The regulator's changes seek to align expenditure ...

Singaporean wealth manager mandates Aussie boutique

CHLOE WALKER  |  FRIDAY, 22 SEP 2023
Melbourne-based Spatium Capital has received an undisclosed investment from Singaporean wealth manager Conduit Group (Conduit) in its Small Companies Fund (SSCF). Conduit, an integrated financial services company that offers securities dealing, wealth ...

NAB to pay $2.1m for knowingly overcharging customers

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
... being the overcharging of fees after learning of the issue, occurred between January 2017 and July 2018. It occurred on close to 75,000 times and totalled $139,845 taken from 2888 personal accounts and 513 business accounts. The actual issue began in ...

Don't believe inflation hype, says Pendal

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
... that were to happen, central banks would need to react. "But I don't believe we're going down that path. We're not even close to a rerun of the 70s." In the 1970s, US inflation came close to 15%, however the economy was also growing at 7.6%, its workforce ...