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Showing 1441 - 1450 of 3464 results for "Stake"

Willis Towers Watson, Aon to merge

JAMIE WILLIAMSON  |  TUESDAY, 10 MAR 2020
Following weeks of speculation, the two entities have confirmed a merger will go ahead. Aon and Willis Towers Watson have announced a definitive agreement to merge operations in an all-stock transaction with an implied combined equity value of about ...

Netflix-for-funds bolsters leadership

HARRISON WORLEY  |  MONDAY, 9 MAR 2020
Forum 360 has moved to strengthen its leadership, with the addition of two experienced executives to its advisory board. Forum 360 co-founder and chief executive Rowland Hirst has confirmed the appointment of former Business Council of Australia chair ...

Raiz cuts AET amid Sargon saga

ALLY SELBY  |  MONDAY, 2 MAR 2020
... Holdings Pty Ltd; while OneVue sold off shares in Sequoia, recouping $4.36 million after it took control of Sargon's 19% stake in the wealth advice firm. OneVue is also trying to find a buyer for Madison Financial Group, a dealer group acquired by ...

HUB24 also in line at Sargon

KANIKA SOOD  |  FRIDAY, 28 FEB 2020
HUB24 is owed about $4 million by Sargon subsidiaries, joining the group's other secured creditors OneVue, Westpac and Taiping Trustees. The eight companies, which include businesses like Diversa Trustees and CCSL, collectively have about $154 million ...

Retirement review goes off the rails

HARRISON WORLEY  |  FRIDAY, 28 FEB 2020
Superannuation experts are concerned the retirement income review may be getting out of hand, evidenced by numerous stakeholder submissions straying from the consultation guidelines by proposing a complete transformation of the super system. At the ...

Challenger boutique winds up fund

KANIKA SOOD  |  THURSDAY, 27 FEB 2020
... Sharp and Jonathan Findlay of HSBC's small caps team. Challenger, which was then headed by Chris Cuffe, took a minority stake of about 19.9% in Kinetic. Challenger's multi-boutique business Fidante Partners is the responsible entity for the fund. Kinetic ...

All-tech index offers new opps in financial advice

MICHELLE BALTAZAR  |  FRIDAY, 21 FEB 2020
For investors keen to claim their stake in local tech companies early in the wave, financial advisers have a new solution. Today the Australian stock exchange launched a new technology index, the S&P/ASX All Tech index, which in its early days will ...

Consultation on mortgage broker best interests duty opens

ALLY SELBY  |  THURSDAY, 20 FEB 2020
The corporate watchdog has started a four week consultation process to draft guidance on the new best interests duty for Australia's mortgage brokers. From July 1 this year, mortgage brokers will be legally required to act in the best interests of consumers ...

Labor stands by super

HARRISON WORLEY  |  THURSDAY, 20 FEB 2020
Opposition leader Anthony Albanese has called out an "unholy coalition" attacking superannuation. In a speech in Brisbane on Wednesday, Albanese stepped up to bat for the super system, labelling those questioning the legislated rise in the superannuation ...

Status quo not option for remuneration: APRA

ELIZA BAVIN  |  THURSDAY, 20 FEB 2020
APRA chair Helen Rowell used her speech at an Australian Institute of Company Directors breakfast to push the ongoing need for accountability in financial services and said APRA plans to push ahead with its draft remuneration plan despite harsh criticism. ...