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Showing 1461 - 1470 of 6011 results for "Custom"

Westpac earnings take hit

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
The bank has announced a $282 million hit to its statutory profit after an increase in customer refunds, software write-downs and accounting losses, ahead of its interim results. Westpac recorded $220 million in customer refunds, payments, associated ...

Macquarie-linked fund manager shutters

KARREN VERGARA  |  MONDAY, 26 APR 2021
A global quant-driven fund manager that won a mandate with Macquarie four years ago to oversee its liquid alternative strategy has folded. Swedish fund manager Informed Portfolio Management (IPM), which at its peak had about $6 billion (SEK40bn) of ...

APRA releases draft climate change guidance

RACHEL ALEMBAKIS  |  FRIDAY, 23 APR 2021
Financial risks of climate change can interact and compound other institutional risks including credit risk, market risk, and liquidity risk, APRA has emphasised in a new practice guide. APRA has released a draft guide for Prudential Practice Guide ...

Pahari to leave AMP amid demerger

JAMIE WILLIAMSON  |  FRIDAY, 23 APR 2021
AMP has confirmed Boe Pahari will leave the business as it pursues a demerger of its Private Markets business, after plans to sell to Ares Management fell through. AMP will demerge its $50 billion Private Markets business from AMP Limited and list it ...

Life industry to launch framework

ANNABELLE DICKSON  |  WEDNESDAY, 21 APR 2021
The life insurance industry is developing a Professional Standards Framework for all claims and underwriting professionals, with support from the Australian and New Zealand Institute of Insurance and Finance (ANZIIF). The framework is being developed ...

Afterpay reveals US plans, economic impact

JAMIE WILLIAMSON  |  WEDNESDAY, 21 APR 2021
With consumers in the US now contributing the most to Afterpay's business, the BNPL provider has set in motion plans to list there as new research shows the economic impact of the service. Revealed in a quarterly update yesterday, Afterpay is working ...

JANA chief investment officer resigns

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
After 23 years with JANA, chief investment officer Steven Carew has resigned. He announced he would leave the firm in December 2021 to pursue other interests. A replacement for Carew has not yet been announced, with JANA saying it will use the remaining ...

Challenger to change annuity pricing

KANIKA SOOD  |  TUESDAY, 20 APR 2021
Challenger posted record life sales but warned investors of lower FY21 profits, as tighter credit spreads force it to change annuity pricing. The life business, which includes annuities and other products such as Challenger Index Plus, saw $1.37 billion ...

MLC GM joins dealer group

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
The former general manager of MLC Financial Planning and the MLC advice network has jumped to a dealer group aligned with a real estate agent. Wealth Market, which is associated with Ray White and Loan Market, has appointed Jasia Fabig as national practice ...

MLC Life makes key appointments

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
MLC Life Insurance has made two senior appointments within its finance team, hiring from TAL and Integrity Life. Lesley Mamelok, who was formerly the acting chief executive of Integrity Life, has been appointed general manager, finance and deputy chief ...