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Showing 121 - 130 of 400 results for "Rena"

Hostplus ups income protection premiums by 73%

ELIZABETH MCARTHUR  |  MONDAY, 24 AUG 2020
The $45 billion industry fund for hospitality, sport and tourism has increased optional insurance premiums for some members by up to 73.7%. Non-default salary continuance insurance premiums for Hostplus members will increase from 1 October 2020. Salary ...

HESTA consolidates investment options

JAMIE WILLIAMSON  |  WEDNESDAY, 12 AUG 2020
The $52 billion industry fund is closing some of its investment options and merging others in a move that will see some fees change. HESTA has informed members that investment options across both super and income streams will be changed from October ...

IOOF divests Australian Ethical

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
IOOF has sold its minority shareholding in Australian Ethical for $74.5 million. In an announcement to the ASX, IOOF said it has sold 14.2 million shares in Australian Ethical, reducing its stake to approximately 5.5 million shares. That reduces IOOF's ...

Another merger at First State Super

KANIKA SOOD  |  THURSDAY, 30 JUL 2020
First State Super and WA Super signed a memorandum of understanding and entered due diligence on March 4 this year. The funds are expected to finalise a merger by November 30. WA Super, the smaller of the two, will get low fees, greater investment options ...

IOOF increases FUMA, lifts remediation costs

ANNABELLE DICKSON  |  THURSDAY, 30 JUL 2020
IOOF has recorded an increase in funds under management, advice and administration of 3.4% to $202.3 billion while also increasing remediation provisions by $80 million. The wealth manager is expecting an underlying profit from continuing operations ...

Ironbark restructures two funds

KANIKA SOOD  |  WEDNESDAY, 29 JUL 2020
Ironbark Asset Management has appointed two managers as it restructures two previously multi-manager funds with the aim of improving liquidity and pricing. The Ironbark LHP Diversified Investments was previously managed by Lighthouse Partners, which ...

PrimeWest acquires asset manager

KANIKA SOOD  |  FRIDAY, 19 JUN 2020
The ASX-listed property fund manager has paid $10 million to acquire a farmland asset manager as it looks to build a presence in A-REITs. PrimeWest will now own 100% of GoFARM Asset Management which is the manager to the REIT Vitalharvest Freehold Trust ...

Chief economist update: Australian Renaissance

BENJAMIN ONG  |  MONDAY, 15 JUN 2020
"Renaissance is a French word meaning "rebirth." It refers to a period in European civilisation that was marked by a revival of Classical learning and wisdom. The Renaissance saw many contributions to different fields, including new scientific laws ...

Clearstream rebrands Australian acquisition

ALLY SELBY  |  MONDAY, 1 JUN 2020
The $14 trillion post-trade securities service provider has rebranded an Australian managed funds business that it acquired in July last year. Sydney-based Ausmaq will be renamed Clearstream Australia from June 1, and will provide custody and administrative ...

IOOF to provide fee relief to adviser network

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
IOOF has announced a new initiative that will see its network of financial advisers offer free financial guidance to local communities until the end of September. IOOF said it is providing fee relief to its advisers to volunteer 60 hours of their time ...