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Showing 1401 - 1410 of 4173 results for amp

AMP class actions consolidated

HARRISON WORLEY  |  MONDAY, 27 MAY 2019
The NSW Supreme Court has ordered only one of several class actions launched against AMP can proceed. In a judgement late last week, the NSW Supreme Court ordered only one of the five class action lawsuits filed against AMP in the wake of its Royal ...

Boutique hires distribution lead from AMP Capital

KARREN VERGARA  |  FRIDAY, 24 MAY 2019
A boutique Australian equity fund manager has hired a former AMP Capital executive as its investment director to oversee its distribution efforts. Ophir Asset Management recruited George Chirakis as investment director to replace Rob Saunders, who finished ...

Hard times ahead for platforms

KANIKA SOOD  |  THURSDAY, 23 MAY 2019
... Commission platform cost data to assess cost-out prospects. It downgraded IOOF (IFL) to sell to account for earnings pressure. AMP and Netwealth were unchanged at neutral and sell respectively. "Although platforms are only one component of the wealth ...

Material weakness in super funds, insurers exposed

KARREN VERGARA  |  THURSDAY, 23 MAY 2019
... State Super, Mercer Superannuation, Perpetual Superannuation, QSuper, Rest, Cbus and Hostplus. The life insurers included: AMP Life, Challenger, MLC and TAL Life. As for the banks, ANZ, NAB, Westpac and Macquarie Bank were put under the spotlight. Consistent ...

Property risks dip at Coalition win, APRA easing

KANIKA SOOD  |  WEDNESDAY, 22 MAY 2019
... which will represent 0.5% of the GDP, will help consumption but may not be enough to offset falling house prices, according to AMP Capital. "This will help consumption, but the negatives from falling house prices are likely to outweigh the stimulus households ...

NZ$5 trillion investor group supports Christchurch Call

ELIZABETH MCARTHUR  |  THURSDAY, 16 MAY 2019
... group of NZ Super, Accident Compensation Corporation, Government Superannuation Fund, National Provident Fund and Kiwi Wealth. AMP Financial Services New Zealand, ANZ New Zealand Investments, JBWere NZ, Milford Asset Management, Westpac/BT Funds management ...

Three new faces join SuperFriend board

ELIZABETH MCARTHUR  |  MONDAY, 13 MAY 2019
SuperFriend has announced three new board appointments. Sarah Guthleben from Equipsuper will join the board along with workplace health expert Niki Ellis and mental health campaigner Mitch Wallis. SuperFriend chair David Atkin said: "Sarah, Niki and ...

Call for super funds to divest gambling interests

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
... holding in Wesfarmers and $255 million holding in Coles. An Australian Ethical video produced as part of the campaign named AMP as a super fund that "invests in building pokie machines." While super funds holding investments in Woolworths, Coles and ...

Industry fund dips toes in private equity

KANIKA SOOD  |  THURSDAY, 9 MAY 2019
... situation to increase our holdings in [these] funds like ISPT (property), EIT (infrastructure, in particular renewables) and AMP (property)." ACRF adjusts its strategic asset allocation dynamically. All investments are managed through external managers ...

Former AMP adviser pleads guilty

JAMIE WILLIAMSON  |  WEDNESDAY, 8 MAY 2019
A former AMP adviser has pleaded guilty to stealing more than $200,000 in client funds. Trevor William Martin of Kiama, New South Wales has pleaded guilty to three counts of dishonestly obtaining client funds in the District Court of NSW. An investigation ...