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Showing 2241 - 2250 of 14210 results for "Interest"

BlackRock expands proxy voting to retail investors

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
... record of prioritising ESG initiatives over shareholder return. Nevertheless, Fink said that there's been tremendous interest from clients since launching Voting Choice one year ago. "To date, clients representing 25% of the US$1.8 trillion in eligible ...

APRA slaps extra conditions on Insignia trustees

JAMIE WILLIAMSON  |  FRIDAY, 4 NOV 2022
... governance in relation to member outcomes, oversight of service providers, risk, compliance and managing conflicts of interest. They must also appoint an independent expert to examine operational frameworks and processes, and rectify any issues identified ...

Perpetual rejects takeover bid by consortium

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
Perpetual has rejected an unsolicited takeover proposal from Regal Partners and BPEA Private Equity Fund VIII. According to an ASX announcement, the non-binding indicative proposal was to acquire 100% of Perpetual at $30 a share. Perpetual said the ...

Federal Reserve raises rates 0.75%

ANDREW MCKEAN  |  THURSDAY, 3 NOV 2022
The US Federal Reserve has raised its policy interest rate by 75 basis points, flagging ongoing increases will be necessary to bring inflation down to target. Following the central bank's decision, the federal funds rate benchmark sits between 3.75% ...

QAR leaves insurance commissions alone

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
A new paper from the Quality of Advice Review recommends life insurance commissions be retained, but additional disclosure rules be introduced to ensure clients consent to the payments. In August, the first proposals paper from the Quality of Advice ...

MySuper index records worst rolling return since 2009

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
... class to record a positive return at 0.4% over 12 months. Australian equities achieved a median return of -6.2% and fixed interest posted a -10.5% return. The worst performing asset class was property, with a median return for the 12 months to September ...

TCorp appoints real assets head

CHLOE WALKER  |  THURSDAY, 3 NOV 2022
... Prior to joining TCorp, Murray was head of fixed income and derivatives at State Super, senior portfolio manager - fixed interest at AMP Capital, and senior investment manager at ipac Securities/AXA Asia Pacific. Commenting on the appointment, TCorp ...

Investment teams hire two men for every woman: Study

JAMIE WILLIAMSON  |  WEDNESDAY, 2 NOV 2022
Men continue to dominate investment teams, with new insights showing that managers are hiring two males for every one woman. This, despite more than half saying they consider gender diversity a critical factor in investment decision-making. Consulting ...

PAC Capital buys Clearwater Portfolio Management

CHLOE WALKER  |  WEDNESDAY, 2 NOV 2022
... investors." PAC Capital chief investment officer Clayton Larcombe agreed with Lucas' statements. "There was a lot of interest in the market for the Clearwater business, and I am glad that Gary saw PAC Capital as the preferred partner. Clearwater, and ...

Interest rates will jump to slay "the evil of inflation": Lowe

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
At the Reserve Bank of Australia (RBA) board dinner, governor Phillip Lowe expressed that interest rates will need to go higher to bring inflation back to target. After a seventh straight rate rise, whereby the bank lifted the interest rate to 2.85% ...