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Showing 1291 - 1300 of 3163 results for "Owner"

AMP Life appoints temporary investment chief

KANIKA SOOD  |  MONDAY, 1 JUL 2019
... results in May saying: "Since the sale agreement in October, our financial results have reinforced that AMP is not the best owner of a life insurance business with higher capital requirements and earnings volatility." "Indeed, the recent sale of many ...

IOOF divests Ord Minnett stake

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
IOOF is divesting its majority stake in Ord Minnett Holdings to focus on its wealth management capabilities. IOOF announced to shareholders this afternoon it will offload its 70% stake in Ord Minnett to a consortium for $115 million. It expects to make ...

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 ...

Vanguard lowers fees

ELIZABETH MCARTHUR  |  TUESDAY, 25 JUN 2019
Vanguard announced it will lower fees on a number of its most popular funds and ETFs from the start of July. The fee reductions include the Vanguard Australian Shares Index Fund, which is one of Vanguard's largest funds with more than $15 billion ...

APRA tighten reins on super fund acquisitions

KARREN VERGARA  |  TUESDAY, 25 JUN 2019
The prudential regulator is imposing tougher measures for interested buyers' ability to acquire stakes in superannuation funds. From 5 July, any party seeking to acquire a stake greater than 15% in an RSE must ask APRA for approval. APRA said the ...

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 ...

Rest increases renewable energy investment

HARRISON WORLEY  |  MONDAY, 24 JUN 2019
... energy projects like this will continue to play an important role in Australia's future," Zielinski said. "As an existing owner, Rest has been able to monitor and assess the wind farm's operational performance since construction was completed in 2011. ...

Hostplus makes bid for SMSF money

KANIKA SOOD  |  WEDNESDAY, 19 JUN 2019
The $43 billion fund is hoping to woo self-managed superannuation fund investors with new options geared at them. SMSF investors will have access to six of Hostplus' 23 investment options, including its flagship balanced option and the low-cost ...

Smart beta now mainstream for instos

KANIKA SOOD  |  THURSDAY, 13 JUN 2019
Nearly six in 10 institutional asset owners are now using smart beta strategies in their portfolios, according to a new survey of 178 instos by FTSE Russell. Adoption has doubled what it was five years ago when roughly three in 10 used smart beta. Last ...

CBA sells advice dealer group

JAMIE WILLIAMSON  |  THURSDAY, 13 JUN 2019
... group to CountPlus for $2.5 million. It will also, over time, sell its 35.9% holding in CountPlus. CountPlus is a logical owner of Count Financial given its historical corporate relationship and existing holdings in Count Financial firms, the bank said. ...