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Showing 161 - 170 of 364 results for "divestment"

Westpac earnings take hit

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
The bank has announced a $282 million hit to its statutory profit after an increase in customer refunds, software write-downs and accounting losses, ahead of its interim results. Westpac recorded $220 million in customer refunds, payments, associated ...

Inflows slow at AMP North

KANIKA SOOD  |  THURSDAY, 22 APR 2021
... "AMP Capital external net cash outflows of $1.3 billion, driven primarily by fixed income outflows as well as planned divestment of assets in infrastructure equity closed-end funds. The divestments, reflected in cash outflows, delivered strong performance ...

Climate change worse than pandemic: UK regulator

JAMIE WILLIAMSON  |  THURSDAY, 8 APR 2021
... much of its assets to climate aware strategies as part of a wider strategy to achieve net zero status that includes divestment actions and greater investment in green infrastructure. Meanwhile, the BT Pension Scheme - the largest private sector defined ...

APRA outlines indemnity measures

ANNABELLE DICKSON  |  TUESDAY, 23 MAR 2021
... has written to authorised deposit-taking institutions (ADIs) to ensure the management of risks with indemnities in divestment transactions. APRA warns that without appropriate controls, indemnities can expose ADIs to significant liabilities. The regulator ...

CSC pivots towards divestment

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 MAR 2021
... Financial Stability Board internationally." CSC chair Patricia Cross also was clear that the fund favours engagement over divestment. "CSC does have a very long record of being actively engaged in ESG matters, but when it comes to things like fossil ...

UK pension fund fossil fuel investments laid bare

JAMIE WILLIAMSON  |  THURSDAY, 25 FEB 2021
... Councils can't make a bold claim about saving the planet while continuing to invest in fossil fuels," Friend of the Earth divestment campaigner Rianna Gargiulo said. Local authorities have the power and duty to ensure local workers not only have a pension ...

HUB24 lifts inflows, profit flat

ANNABELLE DICKSON  |  TUESDAY, 23 FEB 2021
... on track to be completed on 2 March 2021. In addition, HUB24 anticipates a proportional takeover of Easton and the divestment of its financial advice licensee, Paragem, to be completed in the second half. As a result of the activity, HUB24 has increased ...

Woodside results vindicate divestment argument: Activists

ELIZABETH MCARTHUR  |  FRIDAY, 19 FEB 2021
... Petroleum's annual results, with a $US4.028 billion net loss for 2020, are food for thought for super funds, according to divestment activists. Several of Australia's largest super funds have significant holdings in Woodside. It appears in the ...

Super funds bow to divestment pressure

ELIZABETH MCARTHUR  |  THURSDAY, 4 FEB 2021
... pressure to invest with climate change in mind. Nine of the 40 largest super funds in Australia have now announced divestment from some of the worst carbon emitting companies, according to research from Market Forces. The combined assets under management ...

Super fund ESG targets lack clarity: ACCR

RACHEL ALEMBAKIS  |  MONDAY, 1 FEB 2021
... reduction and engagement, a report that examines the decarbonisation targets of superannuation funds to date, and how divestment impacts on real world emissions targets. ACCR recommends that superannuation funds must play a more active role in engagement ...