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Showing 201 - 210 of 365 results for "divestment"

IOOF trims operations

HARRISON WORLEY  |  THURSDAY, 16 APR 2020
... business, IOOF has decided to shut down its local operations, with the lights officially going out on Wednesday. "The divestment of IOOF's business interests in New Zealand reinforces our focus of simplifying the business around our advice-led strategy ...

COVID-19 uncertainty sees AMP withdraw guidance

ALLY SELBY  |  THURSDAY, 26 MAR 2020
... uncertainty. This includes the sale of AMP Life, which is "on track" for completion by June 30, as well as AMP's divestment process from its New Zealand-based wealth management business. The firm's client remediation program is on track to be ...

UNSW to ditch fossil fuels

ELIZA BAVIN  |  THURSDAY, 5 MAR 2020
... exploitation of fossil fuels reserves by 2025. UNSW president and vice-chancellor, Professor Ian Jacobs, said the university's divestment of fossil fuel assets in its investment portfolio supports its net zero emissions goal, in line with the Paris Agreement ...

Unsatisfied HESTA members head for exit

ELIZABETH MCARTHUR  |  THURSDAY, 27 FEB 2020
... think if they take money out of fossil fuel someone else will invest in those companies, but we think the power of divestment is stigmatisation," Lardner said. "We went back and forth on that issue and Mary Delahunty said that while we don't agree ...

Carbon footpath important, not footprint: AXA

ALLY SELBY  |  MONDAY, 24 FEB 2020
... activity." She argues that divesting from these fossil fuel producers can lead to potential snags for investors. "A divestment-led approach can pose unintended problems for core equity investors in the form of increased active risk, and also means they ...

IOOF profits fall 39%, advice margins drop

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
IOOF's underlying net profit after tax slumped 39% in the first half of FY20 to $56.6 million, following increased governance spending, pricing pressures and divestments. Statutory NPAT was $115 million, buoyed by proceeds from IOOF's sale of Ord Minnett ...

Perpetual head jumps for greener pastures

ALLY SELBY  |  MONDAY, 10 FEB 2020
A Perpetual general manager has packed his bags, departing the financial services firm for a simpler life in Hobart, Tasmania. Perpetual general manager of corporate finance and investor relations, Andrew Ehlich, resigned last month after a 13-year ...

GROW Super boosts executive leadership

HARRISON WORLEY  |  THURSDAY, 16 JAN 2020
... million as at 30 June2019. Speaking with Financial Standard at the time, Wilson said the fund expected to finalise the divestment early this year, with discussions ongoing. GROW's new administration platform TINA is based on distributed ledger technology ...

UniSuper on climate chopping block

ELIZA BAVIN  |  MONDAY, 13 JAN 2020
Market Forces has put UniSuper on the chopping block in a divestment campaign aimed at pressuring the fund to ditch shares in fossil fuel companies. "UniSuper does not have fund-wide exclusions on fossil fuel investments of any kind. Instead, it claims ...

Grow Super hires Qantas Super executive

KANIKA SOOD  |  MONDAY, 2 DEC 2019
... superannuation assets. "We are having a couple of active discussions with other superannuation funds and expect to finalise the divestment by early 2020 through a successor fund transfer," Grow Super chief executive Josh Wilson told Financial Standard. ...