Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1471 - 1480 of 10550 results for "Close"

Assembly launches second diversified fund

CHLOE WALKER  |  TUESDAY, 15 AUG 2023
Assembly Funds Management (AFM) has initiated a limited first close of its second diversified real estate fund, ADPF2, aiming to capitalise on value add and special situations opportunities in the market. AFM's first fund, ADPF1, which has $350 million ...

AMP North partners with Sandstone Insights

CASSANDRA BALDINI  |  MONDAY, 14 AUG 2023
North has partnered with Sandstone Insights to provide advisers with access to the latest equity research and analysis through the platform. AMP said the agreement is the first of its kind in the Australian platform market and reflects North's ongoing ...

Equity Trustees combines super, trustee arms

JAMIE WILLIAMSON  |  FRIDAY, 11 AUG 2023
... executive general manager, fund services as he transitions to retirement. He has been in the industry for five decades, close to two of which have been with EQT. "Russell has played a critical role in leading us to be the number one provider of responsible ...

FSCP issues slap on the wrist to adviser

KARREN VERGARA  |  FRIDAY, 11 AUG 2023
The Financial Services and Credit Panel reprimanded a financial adviser who inadequately assessed the consequences of rolling over superannuation and life insurance cover, labelled the panel's least serious disciplinary action yet. Keeping the adviser's ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
Amid the Financial Adviser Class Action fallout, AMP has suspended its capital return, with a resolution expected by year-end. AMP has set aside a $50 million provision, reflecting its preliminary assessment of potential liabilities associated with ...

Former advisers costs CBA $1.2bn in remediation

KARREN VERGARA  |  WEDNESDAY, 9 AUG 2023
... the Finance Sector Union, which argues that on the back of the results, there should be no reason for it to continue to close branches, offshore jobs, and force staff to work in the office for half the time. The union recently lodged a dispute at the ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... Considering the significant Muslim population in Australia, as highlighted by Australian Bureau of Statistics' figures of close to 800,000 people, there exists a vast addressable market for Sharia-compliant financial solutions. However, the uptake ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
ASIC's latest action against Vanguard for allegations of greenwashing in a bond fund raises the question of whether the market regulator will crack down on index providers and other third-party service providers for greenwashing as well. Last month ...

PGIM client group lead in sudden departure

ELIZABETH FRY  |  FRIDAY, 4 AUG 2023
After just three months, the head of PGIM's Australia client group suddenly left the firm. PGIM has confirmed that Murray Brewer - who spent more than 14 years with T. Rowe Price - has departed the US$1.2 trillion investment manager. It is understood ...

ACCC slams door on ANZ, Suncorp deal

CASSANDRA BALDINI  |  FRIDAY, 4 AUG 2023
The Australian Consumer and Competition Commission (ACCC) has declined ANZ's $4.9 billion bid to acquire Suncorp Group's banking arm, citing concerns around competition and potential consumer detriment. The regulatory body said it remains unsatisfied ...