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Showing 2051 - 2060 of 19571 results for "Ban"

Apollo increases Challenger stake

ANDREW MCKEAN  |  WEDNESDAY, 14 DEC 2022
Apollo Global Management has taken a further stake in Challenger, it now has 19.1% voting power in the ASX-listed investment manager. As previously reported by Financial Standard, last year, Will Vicars' Caledonia sold its 15% stake in Challenger to ...

More alpha gains through ops

ELIZABETH FRY  |  TUESDAY, 13 DEC 2022
Growth in fund complexity and managing assets in-house has triggered intensive efforts by pension funds to beef up their operational and support functions. JANA principal consultant and head of operational consulting, Jo Leaper, says there is a growing ...

Cboe Australia, XTB launch retail corporate bonds

CASSANDRA BALDINI  |  TUESDAY, 13 DEC 2022
Cboe Australia has added exchange-traded corporate bond products (XTBs) to its Cboe Funds platform. The new range of XBTs commenced trading on Cboe Australia today and will provide retail investors with access to corporate bonds from Aurizon Bank of ...

Perpetual welcomes Pendal board members

CASSANDRA BALDINI  |  MONDAY, 12 DEC 2022
As part of its proposed acquisition plan, Perpetual Asset Management has welcomed Pendal Group non-executive directors Christopher Jones, Kathryn Matthews and Ben Heap to its board. The expected start date for the new directors is January next year ...

Expand access to financial services: AUSTRAC

CASSANDRA BALDINI  |  FRIDAY, 9 DEC 2022
AUSTRAC has released guidance to banks and superannuation funds on helping those without access to traditional identification documents access financial services. The guidance aims to support people from diverse backgrounds and in challenging circumstances ...

Trustees must improve IDR processes: ASIC

JAMIE WILLIAMSON  |  FRIDAY, 9 DEC 2022
Superannuation trustees have a lot of work to do when it comes to complaints handling, ASIC says. A new report from the regulator has found some superannuation trustees have sub-standard arrangements for managing complaints. The finding is based on ...

CBA increases Countplus indemnity to $520m

ANDREW MCKEAN  |  THURSDAY, 8 DEC 2022
Commonwealth Bank of Australia (CBA) has increased the limit of indemnity provided to Countplus, from $300 million to $520 million. CBA said the purpose of the increased limit was to cover certain remediation activities that were identified at the time ...

2023 the year for fixed income: Schroders

CHLOE WALKER  |  THURSDAY, 8 DEC 2022
According to Schroders deputy head of fixed income Australia Kellie Wood, while 2022 was the year for investors to be out of fixed income, the year to be back in is 2023. "2022 has certainly been a very tough year for us as bond managers," Wood said. ...

Super system shields against macro storm: Fundie

CASSANDRA BALDINI  |  WEDNESDAY, 7 DEC 2022
Australia's compulsory superannuation system is one factor that has helped weather the global macro storm, explained SG Hiscock & Company portfolio manager Hamish Tadgell. Speaking with Financial Standard, Tadgell explained that Australia's super system ...

RBA bumps up cash rate

ANDREW MCKEAN  |  WEDNESDAY, 7 DEC 2022
As forecast, the Reserve Bank of Australia (RBA) has lifted the cash rate by another 25 basis points. KPMG chief economist Brendan Rynne noted that the RBA remains concerned about the immediate economic outlook, despite confirming that its recently ...