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Showing 211 - 220 of 6679 results for "Sale"

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... in a reduction of the fees paid by members. CFSIL denied the allegations and defended the proceedings. CBA completed the sale of 55% of CFS to KKR in December 2021, but assumed carriage of the superannuation class actions and proceedings on behalf of ...

Iress deputy chief made redundant, takeover talks confirmed

KARREN VERGARA  |  MONDAY, 11 AUG 2025
... refocus the business, positioning us for long-term value creation. We have further strengthened our balance sheet following the sale of our Superannuation business, and the planned divestment of QuantHouse remains on track for completion in the second ...

CFS prices advice practice valuation gap at $1.1m

KARREN VERGARA  |  MONDAY, 11 AUG 2025
... gap, a new survey from Colonial First State (CFS) shows, as most advisers are not prepared for the planned and unplanned sale of their practices. The Hidden Value Report, produced in conjunction with Succession Plus, surveyed 116 practices which on average ...

Invesco acquires RetireAustralia for $845m

ELIZA BAVIN  |  FRIDAY, 8 AUG 2025
... Infratil's investment in RetireAustralia was NZ$404 million, with the transaction expected to result in an accounting loss on sale of approximately NZ$80 million. "RetireAustralia is a quality business in a strong position for future growth under Invesco's ...

Legal costs weigh on AMP profits

JAMIE WILLIAMSON  |  THURSDAY, 7 AUG 2025
... in relation to excessive insurance fees in early July. Dexus Funds Management is also suing AMP in a case arising from the sale of Macquarie Shopping Centre. For FY25 guidance, Vernon added that it remains unchanged for the Platforms (43bps) and Super ...

Perpetual Corporate Trust acquires IAM's term deposit broking business

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
... minimum $250,000 to invest in the term deposits. The term deposit broking business has made a $400,000 net loss. Following the sale, IAM expects to save $1.4 million in annual costs. IAM said it also anticipates to gain broader benefits from its relationship ...

Brandes launches first fund, taps Equity Trustees

KARREN VERGARA  |  FRIDAY, 1 AUG 2025
Brandes Investment Partners has chosen Equity Trustees (EQT) to be the responsible entity (RE) partner for its inaugural global equities strategy in Australia. Brandes' Global Value Equity Fund is modelled on the Global Equity strategy, which has a ...

ASIC calls out trustees 'passing the buck' on super switching

KARREN VERGARA  |  THURSDAY, 31 JUL 2025
ASIC fired a stern warning to superannuation funds about "passing the buck" to financial advisers and shedding responsibility for overlooking dodgy investment options as the fallout from the Shield Master Fund and First Guardian Master Fund mounts to ...

CALI launches review of Life Code

ELIZA BAVIN  |  THURSDAY, 31 JUL 2025
The Council of Australian Life Insurers (CALI) has appointed Peter Kell to lead an independent review of the Life Insurance Code of Practice (Life Code). The review will begin on 1 October 2025. The Life Code sets enforceable standards life insurers ...

HUB24 recruits Vanguard sales manager

MATTHEW WAI  |  THURSDAY, 31 JUL 2025
HUB24 has appointed a leader to its platform growth team, who will be responsible for building industry relationships once he takes the reins on September 2. Matt Willis has been appointed to the newly created role of executive general manager, platform ...