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Showing 111 - 120 of 686 results for %22Interests First%22

HESTA opposes AGL demerger

JAMIE WILLIAMSON  |  WEDNESDAY, 25 MAY 2022
... demerger, saying it will not adequately support decarbonisation efforts and therefore wouldn't serve its members' best interests. HESTA said it has engaged with AGL and decided to vote against the demerger. "After reviewing the plan, we remain unconvinced ...

NGS to reduce emissions 35% in three years

RACHEL ALEMBAKIS  |  FRIDAY, 13 MAY 2022
... we've committed to have no stranded assets in the portfolio by 2025 - ensuring we can divest in the best financial interests of members," Squires said. The fund has conducted a baseline measurement of the carbon intensity in the Diversified (MySuper) ...

US firm backs Koda Capital

JAMIE WILLIAMSON  |  THURSDAY, 12 MAY 2022
... strategic investor in the HNW firm, adding Koda Capital to its portfolio of more than 18 firms in which it holds non-voting interests. Emigrant Partners is a New York-based subsidiary of Howard Milstein's New York Private Bank and Trust; the Milstein ...

AIST proposes crisis preparedness standards to APRA

ANDREW MCKEAN  |  WEDNESDAY, 11 MAY 2022
... said: "This model of governance removes any conflict between the fiduciary duty of trustees to always act in the best interests of members and the motivation to draw a profit for the benefit of shareholders with a financial stake, as the latter does ...

TWUSUPER chair retires after two decades

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
... million in funds under management. "David Galbally has been an exceptional leader. He has consistently ensured the best interests of members guide decision making at TWUSUPER," Sandy said. "Mr Galbally's time as chair has included the Global Financial ...

AvSuper, Commonwealth Super Corporation explore merger

JAMIE WILLIAMSON  |  WEDNESDAY, 4 MAY 2022
... Memorandum of Understanding to now conduct due diligence to determine whether the merger is the right fit and in the best interests of members. The merger requires government approval and passage of legislation, with the government having approved the ...

Millennial super fund fails to GROW

JAMIE WILLIAMSON  |  TUESDAY, 19 APR 2022
... ever-evolving regulatory landscape, Diversa Trustees Limited has made the decision that it would be in the best financial interests of members to close the GROW Super product within OneSuper." At the end of 2021, GROW Super had $47.18 million in funds ...

APRA 'digging into' super fund contributions to unions

ANDREW MCKEAN  |  WEDNESDAY, 13 APR 2022
... and banks. In a March press release he said: "It is hard to think of another policy which allows political and private interests to directly benefit at the expense of Australian workers." In this same release Bragg cited AEC data he manually compiled ...

AustralianSuper, LUCRF Super agree to SFT

JAMIE WILLIAMSON  |  MONDAY, 11 APR 2022
... executive and chief operating officer Antony Thow said. "Since 1978, LUCRF Super has always made decisions in the best interests of members and the merger with AustralianSuper has maintained this approach." Also commenting, AustralianSuper group executive ...

PIMCO dumps LIT launch

JAMIE WILLIAMSON  |  MONDAY, 4 APR 2022
... confidence that the product would trade strongly in the secondary market". "We therefore decided it would be in the best interests of investors not to proceed with the listing," he said. PIMCO was hoping to raise $500 million in an offer that opened ...