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Showing 1731 - 1740 of 6939 results for "% December"

AMP hit with credit downgrade

ELIZABETH MCARTHUR  |  TUESDAY, 14 JUL 2020
Standard & Poor's has downgraded AMP Limited's credit rating from BBB+ to BBB, with all AMP Group entities on CreditWatch with negative implications. The rating assigned to AMP Bank remains unchanged by S&P at BBB+. The change to the credit rating is ...

Westpac names chief financial officer

ELIZA BAVIN  |  TUESDAY, 14 JUL 2020
Westpac has today announced a new chief financial officer, hiring from KPMG. Westpac chief executive Peter King announced Michael Rowland will be taking on the position, subject to regulatory approval. King said Rowland brings deep experience across ...

Macquarie tops mandate league tables

KANIKA SOOD  |  FRIDAY, 10 JUL 2020
Local institutional investors handed out $43.5 billion of funds management mandates in the year to March end and Macquarie had the most wins, latest league tables from Rainmaker show. Superannuation funds, investment managers (via sub-advisory relationships) ...

Cbus, Media Super start due diligence

KANIKA SOOD  |  THURSDAY, 9 JUL 2020
The $54 billion Cbus Super and $6 billion Media Super have signed a memorandum of understanding and will commence due diligence. The two industry funds are aiming for the joint agreement to be in operation in 2021, conditional on due diligence to establish ...

Private equity weathers COVID-19 crisis: Research

ALLY SELBY  |  THURSDAY, 9 JUL 2020
New research from asset consultant Willis Towers Watson has found that private equity investments have weathered the impact of the COVID-19 financial crisis, despite a subdued environment for exit deals in the first half of the year. In a survey of ...

Qantas Super awards insurance mandate

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
MLC Life has lost the Qantas Super mandate with the super fund announcing a new mandate. Qantas Super announced MetLife has been awarded the insurance mandate, effective July 1, 2020. The fund said it was pleased to welcome the global insurer, saying ...

BT un-aligns group insurance, awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
Westpac's BT super has awarded a group insurance mandate, switching members away from Westpac Life Insurance Services. AIA Australia has been appointed as the new group insurer, with the change coming into effect from 1 July 2020. The change will impact ...

JBWere to continue using Praemium

KANIKA SOOD  |  TUESDAY, 7 JUL 2020
JBWere has extended its agreement with the ASX-listed platform business to provide reporting and non-custodial administration for the private banking giant's wealth management client portfolios. JBWere will continue using Praemium for another two years. ...

Mandates from superannuation funds slow

KANIKA SOOD  |  THURSDAY, 2 JUL 2020
Superannuation fund awarded only 30 mandates in the three months to March totaling $2.5 billion, down significantly from the December quarter's 63 totaling $8.6 billion, new data from Rainmaker Information shows. International equities strategies ...

COVID-19 stimulus continues

ELIZABETH MCARTHUR  |  THURSDAY, 2 JUL 2020
As the new financial year began, Treasurer Josh Frydenberg clarified the stimulus measures the government will use to assist Australians in the recovery from the COVID-19 pandemic. Tax relief for low and middle income earners came into effect from 1 ...