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Showing 121 - 130 of 466 results for "Tier"

Westpac sells NZ life business

JAMIE WILLIAMSON  |  TUESDAY, 6 JUL 2021
... no longer the plan. It's expected to result in a post-tax gain, and will add about 7bps to Westpac's common equity tier 1 capital ratio. As at March 31, the business had annual inforce premiums of NZ$149 million. Westpac chief executive Peter ...

CBA offloads general insurance arm

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
... middle of 2022 and is estimated to result in a post-tax gain of around $90 million and increase the bank's common equity tier one capital by $400 million. CommInsure General Insurance has over 800,000 policies for home and contents and motor vehicle ...

Digital fact-find gains momentum

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
... saving financial advisers nearly six hours per client, has snapped up partnerships with Centrepoint Alliance and other mid-tier licensees. Advice Revolution, founded by former advisers Adrian Patty and Shaun Green, aims to eliminate the double-entry ...

Westpac profit climbs, executive leaves

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... and a better economic outlook. Notable items were also lower. We improved balance sheet strength, with our Common Equity Tier 1 capital ratio rising 153 basis points to 12.34%," Westpac group chief executive Peter King said. Plato Investment Management ...

Vanguard UK upends cost of advice

KARREN VERGARA  |  TUESDAY, 20 APR 2021
Vanguard has launched a financial advice offering in the UK that will charge a flat rate of 0.79%, a whopping three times less than what the industry charges on average. Vanguard Personal Financial Planning promises to provide high-quality, low cost ...

State Street tech to back crypto trading platform

JAMIE WILLIAMSON  |  FRIDAY, 9 APR 2021
... platform for institutional investors seeking an allocation to Bitcoin. Pure Digital said it is in discussions with several other Tier 1 investment banks to use the platform. "We are very excited to announce State Street's involvement in this initiative. ...

Client communication investment needed: Research

ANNABELLE DICKSON  |  WEDNESDAY, 17 MAR 2021
... reporting acknowledge the competitive advantage and retention of investors as a key driver. The global head of reporting at a tier-1 US-based asset manager said the firm had spent two years reimagining the client experience. "Some of this is technology ...

OpenMarkets raises $10m, moves up ranks

JAMIE WILLIAMSON  |  WEDNESDAY, 10 MAR 2021
... trailing only CommSec, OpenMarkets says feedback from investors in the oversubscribed round, which comprised largely top-tier institutions and high-net-worth investors, highlights confidence in the growth multiplier OpenMarkets Group's (OMG) strategy ...

AMP Capital severs ties with global equities unit

KARREN VERGARA  |  TUESDAY, 9 MAR 2021
... welcoming our clients and working alongside our new colleagues while contributing to the vision of making Fiera Capital a top-tier global asset manager, recognised for its best-in-class solutions offering and trusted investment partnerships." Fiera global ...

NSX appoints chief operating officer

KANIKA SOOD  |  MONDAY, 18 JAN 2021
... Acceptance Service (TAS) to implement consistent post-trade functions across ASX, Chi-X and NSXA. NSXA is an ASIC licensed Tier 1 Securities Exchange and a subsidiary of NSX Limited. The two other Tier 1 exchanges are ASX and Chi-X. "On behalf of the ...