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

Search Results

Showing 1721 - 1730 of 14210 results for "Interest"

ART, AvSuper closer to merging

KARREN VERGARA  |  MONDAY, 28 AUG 2023
The merger between AvSuper and Australian Retirement Trust (ART) has advanced to the next stage as they have now entered a Heads of Agreement. The agreement confirms the intention of both parties to proceed with the merger in good faith, AvSuper told ...

Super, retirement unit cushions Link's massive loss

KARREN VERGARA  |  MONDAY, 28 AUG 2023
... Income Fund settlement and associated redress continues. Link's loss would have worsened if it had not sold its 10% interest in PEXA during the period in return for a gain of $406.8 million. The sale of the Banking and Credit Management unit generated ...

MA Financial strengthens lending business

CHLOE WALKER  |  MONDAY, 28 AUG 2023
... bonds, and often fixed rate corporate bonds, when really, there was this whole world of private credit out there." With interest rates rising, Wyke said, equities and fixed rate corporate bonds have been hit hard. Meanwhile, private credit - which can ...

Millions of Aussies investing in collectibles

CASSANDRA BALDINI  |  MONDAY, 28 AUG 2023
More than one quarter of all Australians are turning to collectibles to make money, including Pokemon cards, handbags, and designer furniture. According to data from Finder, 28% of Australians, representing 5.6 million individuals, have invested in ...

IMAP names annual award winners

JAMIE WILLIAMSON  |  MONDAY, 28 AUG 2023
... the international equities front, the gong went to Franklin Templeton. Shaw and Partners took out the award for fixed interest options, while Drummond Capital Partners was awarded for having the best multi-asset offering in what IMAP said is the most ...

Perpetual restructures asset management leadership, regional chiefs exit

ANDREW MCKEAN  |  THURSDAY, 24 AUG 2023
... is expected to continue to be challenging with investor caution towards equities, asset allocation shifts and higher interest rates globally. Our focus is on successfully integrating Pendal into our business, delivering the committed synergies of $80 ...

No question we need more BTR: Mowat

CHLOE WALKER  |  THURSDAY, 24 AUG 2023
UBS's regional head of real estate John Mowat says there is a "fundamental market need" for more build-to-rent (BTR) developments in Australia. Speaking with Financial Standard, Mowat said there's no question Australia needs more BTR projects. "The ...

ClearView reset pays dividends

KARREN VERGARA  |  WEDNESDAY, 23 AUG 2023
... and liabilities. At the end of June, it had $413.4 million invested in PIMCO funds, which includes $393.7 million in interest securities and $19.7 million in cash. Life insurance net-profit after tax rose 38% year on year to $40.4 million. ClearView's ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... aforementioned businesses to Resolution Life for $3 billion. The sale comprised $2.5 billion in cash and a $500 million equity interest in Resolution Life, equivalent to a 19.3% stake. The board backed this decision, citing Resolution Life's superior ...

HSBC committed to local custody arm despite rapid decline in assets

JAMIE WILLIAMSON  |  TUESDAY, 22 AUG 2023
... Australian Institute of Superannuation Trustees earlier this year, which is focused on supporting super funds' increased interest in overseas investments. As at June 30, total assets under custody in Australia on behalf of local investors sat at $4.4 ...