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Showing 1221 - 1230 of 6001 results for "WES"

Sovereign wealth fund revokes exclusions

JAMIE WILLIAMSON  |  FRIDAY, 28 JUN 2019
The Norwegian sovereign wealth fund has revoked its decision to exclude Rio Tinto from its investments. Norges Bank has repealed exclusions placed on five international organisations over the last 15 years, Rio Tinto among them. The fund will also now ...

Chief economist update: RBA justified to cut rates or not

BENJAMIN ONG  |  FRIDAY, 28 JUN 2019
There's no question about it, for sure and for certain the Reserve Bank of Australia (RBA) will cut interest rates again. RBA governor Philip Lowe told us so when he addressed the Committee for Economic Development of Australia (CEDA) event in Adelaide ...

UK fund manager appoints local lead

HARRISON WORLEY  |  THURSDAY, 27 JUN 2019
A $5.3 billion renewable infrastructure manager named a lead for its Australian office as it looks to launch a suite of local products. Foresight Group appointed Kim Nguyen as head of Australia, to lead the asset manager's expansion in the local ...

Genetic tests no barrier to life insurance

ELIZABETH MCARTHUR  |  THURSDAY, 27 JUN 2019
A moratorium on genetic testing in the life insurance industry means that Australians can get up to half a million dollars of life cover without disclosing genetic tests. The Financial Services Council approved a moratorium on genetic tests in life ...

TCorp chair steps down

ELIZABETH MCARTHUR  |  WEDNESDAY, 26 JUN 2019
The chair of TCorp will retire from the board at the end of September. Philip Chronican will retire from the TCorp board, having been on a leave of absence since March this year after he was appointed to the role of interim group chief executive for ...

Former Westpac adviser permanently banned

JAMIE WILLIAMSON  |  WEDNESDAY, 26 JUN 2019
A former Westpac financial adviser was permanently banned for providing inappropriate advice that placed a number of clients' retirements in jeopardy. Subeer Luthra was banned by ASIC following surveillance that found he dishonestly altered his clients' ...

Industry funds could solve energy crisis: ISA

HARRISON WORLEY  |  TUESDAY, 25 JUN 2019
Industry superannuation funds believe they hold the key to unlocking Australia's energy crisis. Peak industry superannuation body Industry Super Australia today released a new discussion paper calling for industry funds to take a leading hand in ...

Westpac appoints remediation lead

JAMIE WILLIAMSON  |  MONDAY, 24 JUN 2019
Westpac is welcoming a new head of remediation. At the same time, the group has responded to reports of up to 300 planned redundancies within BT Financial Group. Former ANZ general manager, wealth separation and transition Mandy Rutherford has joined ...

Franklin Templeton names institutional business director

KARREN VERGARA  |  MONDAY, 24 JUN 2019
Franklin Templeton Australia has welcomed a senior director of institutional business. Matthew Jackson has commenced in the newly created role for the fund manager, which has more than $922.4 billion in assets under management globally. Sydney-based ...

Rest increases renewable energy investment

HARRISON WORLEY  |  MONDAY, 24 JUN 2019
The $50 billion industry super fund will take full ownership of the largest wind farm in Western Australia as it moves to boost its infrastructure portfolio. Rest has agreed to buy out UBS Asset Management's 60% stake in Western Australia's Collgar ...