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Showing 131 - 140 of 7773 results for "retail"

Hostplus-backed redevelopment secures $295m from ANZ

JAMIE WILLIAMSON  |  THURSDAY, 19 OCT 2023
The Hamton-Hostplus consortium is set to take on the next stage of its $2 billion redevelopment of Moonee Valley Racecourse, having secured a $295 million loan from ANZ. Hostplus first partnered with private developer Hamton on the project in 2017 ...

AIA restructures retail insurance unit

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
AIA Australia's retail insurance division has a new structure, with underwriting, new business administration, and distribution capabilities now combined. The life insurer said the change will unite the key touchpoints in the retail-advised purchasing ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... review. Risk products recorded a $400 million profit in FY23, down from $1.2 billion in FY22, largely driven by reduced retail profitability in lump sum and disability income products. Non-risk products posted a $700 million profit, up from a $600 million ...

Challenger posts record annuity sales

CASSANDRA BALDINI  |  TUESDAY, 17 OCT 2023
... on new business annuity sales increased to 9.8 years in the quarter, up from 5.5 years in the pcp. Meanwhile, domestic retail sales decreased 4% to $945 million, reflecting higher lifetime annuity sales and fixed term annuity sales of two years or more ...

ISPT to offload retail, office properties

JAMIE WILLIAMSON  |  MONDAY, 16 OCT 2023
... desired scale and sector allocation goals of the fund," ISPT said. As such, ISPT is to commence the sale process of four retail centres - Melbourne's GPO, The Strand Melbourne, Halls Head Central WA, and Eastgate Bondi Junction - as well as one office ...

Crypto exchanges to obey financial services rulebook

ANDREW MCKEAN  |  MONDAY, 16 OCT 2023
... honestly, and fairly." Further, they'll be required to manage conflicts of interest and establish a compensation mechanism for retail clients who incur loss or damage due to breaches of AFSL obligations. In a joint statement, treasurer Jim Chalmers and ...

Pengana launches first global private credit fund

CHLOE WALKER  |  WEDNESDAY, 11 OCT 2023
... global private credit investment fund for Australian wholesale and sophisticated investors, with several offerings for retail investors to follow. The Pengana Diversified Private Credit Fund offers Australian investors greater access to global private ...

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... interest coverage ratio for these firms is currently 2.5x." According to PitchBook, global private debt institutional and retail investors' assets under management totalled US$1.8 trillion at the end of 2022 (retail investors hold US$200 billion). ...

Magellan FUM, share price tumble

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
... net outflows. At September end, the ASX-listed company's FUM stood at $35 billion, consisting of $16.2 billion from the retail segment and $18.8 billion from the institutional side. In comparison, Magellan's FUM in August was $39 billion - $17.5 billion ...

Platform fees, poor resourcing a red flag for regulator

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... this can leave firms susceptible to severe outages and service degradation incidents due to surges in service demands and retail investor activities." She said firms' resources should be "commensurate to the scale and nature of [your] business operations ...