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Showing 2041 - 2050 of 6679 results for "Sale"

Life insurance sector strengthens

KARREN VERGARA  |  FRIDAY, 24 AUG 2018
... also said foreign companies continue to gain the lion's share of Australia's life insurance industry, as the recent sale of CommInsure and OnePath is set to boost foreign ownership from less than half to 66%. According to the Life Insurance Insights ...

ClearView results up despite adviser earnings drop

HARRISON WORLEY  |  FRIDAY, 24 AUG 2018
Diversified financial services firm ClearView increased underlying net profit after tax (NPAT) in its wealth management and life insurance arms during FY18, however financial advice earnings dropped. Releasing its FY18 results yesterday, ClearView said ...

Cromwell operating profit up 3pct, trims distributions

KANIKA SOOD  |  THURSDAY, 23 AUG 2018
... investment portfolio reported an operating profit of $115 million which is down 7.7% over the prior year. This was mainly due to sale of assets and vacancy in its Tuggeranong investment, the company said. Total assets under management increased by 14% ...

BetaShares wins insto allocation

KANIKA SOOD  |  THURSDAY, 23 AUG 2018
A freshly-minted BetaShares ETF has snagged a major investment from an Australian institutional investor, swelling to about four times its size in a single day. In an investment executed last week, an unnamed institutional investor placed $114 million ...

The BOE's got no problem

BENJAMIN ONG  |  THURSDAY, 23 AUG 2018
When the Bank of England's (BOE) Monetary Policy Council (MPC) unanimously voted to raise the Bank Rate by 25 bps to 0.75% on August 2, BOE governor Mark Carney was quoted as saying: "The mistake is to always wait, wait, wait until you have perfect ...

Natixis appoints insto sales head

KANIKA SOOD  |  TUESDAY, 21 AUG 2018
Natixis Investment Managers appointed a new head of institutional sales for Australia and New Zealand. Louise Watson will join the Sydney team of the $1.4 trillion multi-affiliate manager, having most recently served as CQS' head of distribution for ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
Foreign companies continue to gain the lion's share of Australia's life insurance industry, with the recent sale of CommInsure and OnePath set to boost foreign ownership from less than half to 66%, KPMG research shows. According to the Life ...

T. Rowe Price names new APAC distribution head

JAMIE WILLIAMSON  |  FRIDAY, 17 AUG 2018
T. Rowe Price has announced a new lead for its Asia Pacific distribution business following the promotion of Scott Keller. Currently head of the Asia ex Japan institutional business, Nick Trueman has been appointed head of Global Investment Management ...

ANZ grilled over Smart Choice sales

JAMIE WILLIAMSON  |  THURSDAY, 16 AUG 2018
... Choice Super was about $2 billion. It now has about $3.6 billion in funds. Hodge suggested the key risk in relation to the sale of the product is that customers will switch their super without understanding the potential consequences and end up in a ...

Chief economist update: Look ma, inflation ate my wages

BENJAMIN ONG  |  THURSDAY, 16 AUG 2018
"Wage growth in Australia has grown at an annual rate of 2.1%, continuing to stabilise between 2-2.1% over the past four quarters." That's the positive spin from ABS chief economist Bruce Hockman. Not necessarily negative - wages are still growing ...