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Showing 171 - 180 of 376 results for "divestment"

CBA offloads general insurance arm

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
... transfer by way of a scheme under Part 9 of the Life Insurance Act The bank said it expects the ultimate completion of the divestment will occur via a statutory asset transfer in the second half of FY21, at which time the remaining proceeds of approximately ...

Premiums to increase at ESSSuper

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... It followed a $500 million upfront payment in November 2019. The bank said it expects the ultimate completion of the divestment will occur via a statutory asset transfer in the second half of FY21, at which time the remaining proceeds of approximately ...

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 ...