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

Search Results

Showing 1511 - 1520 of 3465 results for "Stake"

Recognition for industry leader in fight against slavery

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
The head of ESG research at Ausbil Investment Management has been recognised with an Anti-Slavery Australia's Freedom Award for his work in combatting slavery. Mans Carlsson-Sweeny was awarded a Certificate of High Commendation for his contribution ...

First Sentier bolsters responsible investment team

HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
First Sentier Investors grew its responsible investment team with the appointment of a former Sustainalytics executive. The global investment manager appointed Kate Turner as a responsible investment specialist in its Sydney-based team. Her appointment ...

Grandfathered commissions ban passes

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
The legislation that will end grandfathered commissions has passed both houses of federal parliament. Under the reforms, the benefit of any conflicted remuneration payable under a contract must be passed on to the client. The Treasury Laws Amendment ...

No one reads the PDS: ASIC

ELIZABETH MCARTHUR  |  TUESDAY, 15 OCT 2019
ASIC is calling time on the financial services industry's reliance on disclosure as the default consumer protection, saying it enables poor conduct and poor consumer outcomes. The regulator said disclosures have been assumed to inform consumers to make ...

Code monitoring move disappoints industry

ELIZABETH MCARTHUR  |  MONDAY, 14 OCT 2019
Treasurer Josh Frydenberg and Assistant Minister Jane Hume announced the government will accelerate its implementation of the Royal Commission's recommendation to establish a single disciplinary body for financial advisers. The move has disappointed ...

IOOF divests Perennial Value

ELIZABETH MCARTHUR  |  FRIDAY, 11 OCT 2019
IOOF has divested its equity stake in Perennial Value Management, with senior executives of the firm acquiring its interest. IOOF had a 52.4% equity interest in Perennial but 42.4% voting rights and dividend entitlements. IOOF said in a statement that ...

Recreo, Mine Super enter the cloud

ELIZA BAVIN  |  WEDNESDAY, 9 OCT 2019
... The move comes after Mine Super changed its administration systems to Recreo back in 2015, with the fund taking a minority stake in the fintech.

Mental health tops TPD claims

HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
The underlying causes of total and permanent disability claims have been revealed in new research, and mental health tops the list. Life insurers pay out more on TPD claims caused by mental health conditions than any other kind of condition, according ...

Major funds expand with Singapore investment

ELIZA BAVIN  |  THURSDAY, 3 OCT 2019
Whitehelm Capital has completed the acquisition of the Institute of Technical Education College West PPP Project in Singapore on behalf of MTAA Super and Prime Super. The education center was previously owned by Gammon Investments and Jardine Matherson ...

Macquarie, Tasplan and QIC shuffle airports

HARRISON WORLEY  |  WEDNESDAY, 2 OCT 2019
... MIRA-managed funds are invested in. The Farnborough Airport acquisition comes as MIRA and Tasplan Super agree to sell 70% of their stake in Hobart International Airport to a consortium comprised of QIC and Royal Schiphol Group. Tasplan will continue ...