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Insignia Financial looks to slash redundancy entitlements

JAMIE WILLIAMSON  |  WEDNESDAY, 24 JUL 2024
... currently negotiating a new Enterprise Agreement (EA) with Insignia Financial, a process that has been ongoing for several months now. As part of the negotiations, Insignia Financial has proposed cutting current redundancy pay entitlements from 94 weeks ...

Australian Retirement Trust restructures leadership team

ANDREW MCKEAN  |  WEDNESDAY, 24 JUL 2024
... retirement strategy, including product, service model, and advice. Additionally, Rod Greenaway, chief technology officer, will now report into Vincent. Stevhan Davidson, who has served as chief strategy officer, will continue to report to chief executive ...

DG Institute to pay near $20m for misleading courses

MATTHEW WAI  |  WEDNESDAY, 24 JUL 2024
... enrolled in the MWC program between April 2017 and November 2022. The sole director of the institution, Dominique Grubisa, who is now disqualified from managing corporations for five years, has also been ordered to pay $1 million in penalties for being ...

Investors brace for turbulence as Biden backs out

ELIZA BAVIN  |  TUESDAY, 23 JUL 2024
... seeing gains due to deregulation and anticipated infrastructure projects, and Bitcoin seeing increased interest," Green said. "Now, as Vice President Kamala Harris steps into the spotlight, the markets are set to experience heightened uncertainty. "The ...

NZSF returns 17%, smashes benchmarks

KARREN VERGARA  |  TUESDAY, 23 JUL 2024
... and QIC. In early 2024, the fund upped its commitment to European renewable energy developer, owner and operator Galileo. It now has a 20% stake in Galileo, together with Commonwealth Superannuation Corporation, Infratil, and Morrison & Co's Growth ...

Cbus hires from VFMC for key ESG role

ROSE MARY PETRASS  |  TUESDAY, 23 JUL 2024
... impact. This was her second stint at VFMC, having previously served as stewardship head. Williams said she was "delighted" to now join a "domestically and globally recognised responsible investment leader... to continue to advance the fund's responsible ...

Insignia Financial flags more remediation ahead

JAMIE WILLIAMSON  |  MONDAY, 22 JUL 2024
... remediated. "Importantly, we expect this is our final provision increase related to the legacy advice remediation program which is now substantially complete, and that funding the advice and product remediation increases announced today will not require ...

Rest awards private equity mandate to TowerBrook Capital

ANDREW MCKEAN  |  MONDAY, 22 JUL 2024
... changes. "The TowerBrook Delta fund will look to invest in sectors of the economy at the forefront of the megatrend shifts now and into the future, such as education and human capital development, food and agriculture, healthcare and water, and the environment ...

Challenger executive joins Bell FG

KARREN VERGARA  |  MONDAY, 22 JUL 2024
... executive in the newly created role of group head of product. Having finished up at Challenger this month, Kate Ingwersen is now responsible for Bell FG's product innovation across subsidiaries Bell Potter Securities, Bell Potter Capital, and Third Party ...

Pacific Current sells European boutique

KARREN VERGARA  |  MONDAY, 22 JUL 2024
... Consequently, PAC managing director, chief executive, and chief investment officer Paul Greenwood jumped to GQG where he is now the co-managing director of the private capital business.