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Showing 131 - 140 of 230 results for "Separation"

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
... Providing a further update on the sale, ANZ said it has agreed an amendment with IOOF that will allow for the legal separation of the pensions and investments business. It will also allow the business' independent trustee, OnePath Custodians, to ...

CBA stashes cash for compliance

DARREN SNYDER  |  WEDNESDAY, 12 DEC 2018
... additional $350 million in 2019 to cover larger than expected costs for compliance and remediation programs as well as its separation from CommInsure Life. In an update to the ASX on Tuesday evening, CBA said its financial results for the six months ...

Industry fund hires group executive

KANIKA SOOD  |  WEDNESDAY, 5 DEC 2018
... services; company secretariat and legal; audit and risk management; and compliance. Kyle most recently worked on MLC Life's separation from NAB and established their first-line risk, compliance and financial crime capabilities. Rest chief executive Vicky ...

CBA sells CFSGAM, new wealth business chief executive appointed

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
... estimated total proceeds imply a post-tax gain on sale of approximately $1.5 billion, which includes estimated post-tax separation and transaction costs of approximately $100 million. MUTB president and chief executive Mikio Ikegaya said: "We are delighted ...

Blockchain can power internal systems: Digital Asset

KANIKA SOOD  |  FRIDAY, 26 OCT 2018
... processes which can also equally benefit from the technology that we are talking about here where you need to impose separation, privacy or confidentiality of certain aspects, highly-granular conditioning in terms of who is authorized to do what, with ...

AMP divests life business

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
... on a full-year basis. The reinsurance outcomes are also factored into the Resolution Life transaction. It added that separation costs related to the Resolution Life sale are expected to be about $320 million post-tax. Additional capital from the transaction ...

Analysts await next Magellan move

KANIKA SOOD  |  TUESDAY, 9 OCT 2018
... increasing complexity of the business following the acquisition of Airlie Funds Management, it is pleasing to see the separation of day-to-day operational management and investment roles," an analyst note said. "This enables Douglass to increase his ...

Productivity Commission proposes more changes to financial advice

KARREN VERGARA  |  MONDAY, 6 AUG 2018
... poor transparency and adverse remuneration incentives that arise even absent integration," it said. Forced structural separation is "not a panacea" and will unlikely be an effective regulatory response to competition concerns in this segment. Treasurer ...

Aussie asset manager cops ASIC intervention

HARRISON WORLEY  |  WEDNESDAY, 27 JUN 2018
... conflicting positions she held at the time. ASIC commissioner Peter Kell said the regulator was committed to ensuring the separation and security of fund assets. "The additional conditions imposed on Aurora's licence reflect ASIC's priority of protecting ...

The future of advice fee structures

JAMIE WILLIAMSON  |  MONDAY, 18 JUN 2018
... remuneration for product advice...In general, we believe a more inclusive response to reform is preferred." Romic said the separation of product fees from advice fees is the first step in addressing that underlying conflict. "It imposes transparency ...