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Showing 1391 - 1400 of 3163 results for "Owner"

BTFG to boost managed account capability

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
Interest in managed account solutions is booming with BT Financial Group making significant gains in the space, and preparing to capitalise with the launch of 30 new products. In the 12 months to June, BTFG recorded 250% growth in funds under administration ...

Legal woes continue for super fund

JAMIE WILLIAMSON  |  WEDNESDAY, 3 OCT 2018
Industry superannuation fund Rest is facing renewed scrutiny over its responsible investment practices after one of its members filed an updated Federal Court claim alleging the fund has failed to act in his best interests. In July, Rest member Mark ...

Chief economist update: Keep one eye open on the housing market

BENJAMIN ONG  |  WEDNESDAY, 3 OCT 2018
... for investor housing has slowed to an annual rate of 1.5% from the most recent peak of 5.1% (June 2017) while those for owner-occupiers eased to 7.5% from 8.1% (February 2018). So far so good, the housing market bubble is deflating in an orderly fashion. ...

IOOF completes ANZ dealer group acquisitions

HARRISON WORLEY  |  TUESDAY, 2 OCT 2018
IOOF completed the acquisition of aligned dealer groups. It also provided an update on the progress of acquiring ANZ's One Path Pensions and Investments (ANZ P&I) business. As of Monday, the diversified wealth manager took full legal ownership of ANZ's ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
AMP and Australia's big four banks have responded to the Royal Commission's interim report on misconduct in the financial services sector. The report, released on Friday, was scathing in its review of Australia's major players in financial services. ...

Advice industry in hot water

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
Dishonesty and greed were the key themes that underscored the Royal Commission's hearing into financial advice, Commissioner Kenneth Hayne has said. Releasing his interim report today, Hayne has said of the misconduct within Australia's major ...

BlackRock outlines ETF plans for Australia

KANIKA SOOD  |  FRIDAY, 28 SEP 2018
Actively managed ETFs are one of the things that are off the table for BlackRock's Australian business at least for now, according to the newly-appointed iShares head Christian Obrist. Obrist spoke to Financial Standard about the opportunities that ...

BT Financial Group divests Ascalon

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
BT Financial Group is offloading Ascalon Capital Managers to an ASX-listed financial services firm. Westpac has entered into an agreement that will see ownership of the funds management business transition to Generation Development Group, formerly known ...

Pension fund awards custody mandate

HARRISON WORLEY  |  THURSDAY, 27 SEP 2018
One of the largest pension funds in the world awarded a custody mandate to global giant BNY Mellon. The $827 billion National Pension Service of Korea (NPS) appointed BNY Mellon as its global custodian for fixed income. BNY Mellon Asia Pacific head ...

Boutique executes buyout, rebrands

KANIKA SOOD  |  FRIDAY, 21 SEP 2018
The executive team at a Melbourne-based global equities manager has bought out the majority stake held by its parent firm. The buyout includes a name change and new board chair. Wingate Group helped set up boutique Wingate Asset Management in 2005. ...