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Showing 131 - 140 of 301 results for "Divestment"

AMP Capital cuts fees on equities fund

KANIKA SOOD  |  FRIDAY, 15 MAY 2020
AMP Capital has dropped the management fees on its ESG-focused equities fund by 15bps, while also updating its screening thresholds. The AMP Capital Sustainable Share Fund will shift from charging 70 bps per year to 55 bps per year. It has tightened ...

Macquarie advice shift offers mixed results

HARRISON WORLEY  |  FRIDAY, 8 MAY 2020
Macquarie's advice shift towards high-net-worth clients has both dragged and contributed to the firm's full-year results. Announcing its full-year results to the market today, Macquarie revealed its banking and financial services arm made a ...

AMP NZ wealth divestment off

ALLY SELBY  |  FRIDAY, 8 MAY 2020
... It also pointed to the economic and market disruption caused by the COVID-19 pandemic as a reason for throwing its divestment plans out the window. "AMP held discussions with a number of interested parties regarding the divestment, but the offers received ...

CBA sells CommSec Adviser Services

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 APR 2020
... broking and portfolio administration services," CBA executive general manager of CommSec Richard Burns said. The AUSIEX divestment excludes the Accelerator Cash Account and investment lending products which are offered under the CBA banking licence ...

Property giant kicks off capital raise

ALLY SELBY  |  MONDAY, 27 APR 2020
... essential services. Charter Hall said the REIT was committed to continued portfolio curation through acquisition and divestment during the crisis, while tenants and shoppers would be supported by federal and state stimulatory packages. Charter Hall said ...

Pay cuts, dividend slashed as NAB raises capital

JAMIE WILLIAMSON  |  MONDAY, 27 APR 2020
... COVID-19, NAB said it is accelerating the separation of MLC Wealth as a priority to ensure it is well positioned for divestment. In the half-year to March 2020, MLC Wealth contributed about $42 million. Finally, the group also announced an organisational ...

IOOF trims operations

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
... business, IOOF has decided to shut down its local operations, with the lights officially going out on Wednesday. "The divestment of IOOF's business interests in New Zealand reinforces our focus of simplifying the business around our advice-led strategy ...

COVID-19 uncertainty sees AMP withdraw guidance

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... uncertainty. This includes the sale of AMP Life, which is "on track" for completion by June 30, as well as AMP's divestment process from its New Zealand-based wealth management business. The firm's client remediation program is on track to be ...

UNSW to ditch fossil fuels

ELIZA BAVIN  |  THURSDAY, 5 MAR 2020
... exploitation of fossil fuels reserves by 2025. UNSW president and vice-chancellor, Professor Ian Jacobs, said the university's divestment of fossil fuel assets in its investment portfolio supports its net zero emissions goal, in line with the Paris Agreement ...

Unsatisfied HESTA members head for exit

ELIZABETH MCARTHUR  |  THURSDAY, 27 FEB 2020
... think if they take money out of fossil fuel someone else will invest in those companies, but we think the power of divestment is stigmatisation," Lardner said. "We went back and forth on that issue and Mary Delahunty said that while we don't agree ...