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Showing 1831 - 1840 of 3466 results for "Stake"

AXA inks $20 billion deal, pivots insurance business strategy

JAMIE WILLIAMSON  |  TUESDAY, 6 MAR 2018
AXA is adjusting the focus of its global insurance business, beginning with the $20 billion acquisition of a global property and casualty commercial lines insurer. It's a move away from its dominant life business. AXA has entered into an agreement to ...

Acorns launches its own super product

ALEX BURKE  |  MONDAY, 5 MAR 2018
... 5.04%. In January, Acorns Australia restructured its ownership, with original US developer Acorns Grow now holding a minority stake in the local company. Acorns Grow Australia is now majority-owned by Instreet Investment, who will re-brand the business ...

FOS submission points finger at advisers

JAMIE WILLIAMSON  |  MONDAY, 5 MAR 2018
Financial advisers account for more than one-third of all serious misconduct issues identified by the Financial Ombudsman Service since early 2012. In a submission to the Royal Commission, FOS attributed 39% of serious misconduct identified in the last ...

Private equity firm sells Bravura stake

ALEX BURKE  |  FRIDAY, 2 MAR 2018
... firm which was a cornerstone investor in Bravura Solutions before its initial public offering has sold down its remaining stake in the wealth management software company. Ironbridge, which has about $1.5 billion in committed capital drawn from more than ...

NPP to take super by storm: Research

KARREN VERGARA  |  THURSDAY, 1 MAR 2018
Research from CBA and KPMG Australia shows the New Payments Platform (NPP) can save the superannuation industry time and millions of dollars each year. Launched in February, the NPP is able to settle transactions in real-time. The time it takes to top ...

LGIAsuper bolsters infrastructure investments

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2018
LGIAsuper is ramping up its stake in infrastructure investments, adding a regional port to its portfolio. LGIAsuper increased its interest in the Port of Portland to 31%, a deep-water facility located between Melbourne and Adelaide. One of its investment ...

Sequoia expands advice arm, boosts top line

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2018
... administration businesses. Sequoia also increased its ownership of the Finance News Network from 53.9% to 77.07% and its stake in InterPrac General Insurance to 100%, making it a wholly-owned subsidiary. Managing director Scott Beeton said after three ...

Decimal announces key super fund contracts

DARREN SNYDER  |  TUESDAY, 27 FEB 2018
... annual recurring revenue to $898,130 per annum, up 26% from $668,130 pa in 2017. It also follows IFM Investors increasing its stake in Decimal to 15%, as announced in January.

Industry fund buys $7 million beef stake

JAMIE WILLIAMSON  |  FRIDAY, 23 FEB 2018
A $70 billion industry superannuation fund is investing about $7 million in a growing NSW agribusiness. First State Super has invested $6.7 million in Stone Axe Pastoral at Ebor - alongside a commitment from the NSW Government of $3.3 million via its ...

Industry fund CIO retires

DARREN SNYDER  |  THURSDAY, 22 FEB 2018
The chief investment officer at a $9 billion industry superannuation fund is retiring after more than eight years in the role. Retiring from Catholic Super is Garrie Lette. He currently oversees the investment arrangements of the fund's $9 billion MyLife ...