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Showing 231 - 240 of 556 results for "Year End"

AustralianSuper to cut equities

KANIKA SOOD  |  THURSDAY, 1 NOV 2018
The $142 billion superannuation fund is trimming stocks in its default option, as it moves from a growth outlook to a more neutral one. Speaking at a members' forum in Sydney last night, AustralianSuper chief investment officer Mark Delaney said ...

NAB signals more bad advice remediation

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
... superannuation product - NAB is in the process of refunding PSF paid by these members and expects and it to be completed by year end. "Provisions have been taken in relation to these refunds, but the final outcome and total costs associated with this ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
ANZ's divested pension and investment businesses continued to record net outflows as it passed the baton to IOOF, the bank's full-year results show. In its financial results for the year ending 30 September 2018, released this morning, ANZ reported ...

Cbus invests in UK infrastructure

KANIKA SOOD  |  FRIDAY, 12 OCT 2018
The $47 billion industry fund has taken a direct stake in a UK ports company in which First State Super also holds a share. The investment in Forth Ports is Cbus' first direct offshore investment in infrastructure. It takes Cbus' infrastructure ...

Bank cross-selling success declines: Research

KANIKA SOOD  |  MONDAY, 8 OCT 2018
The big four banks are capturing only about 30% of their customers' total spending on financial services products, according to new research. During the Royal Commission, the banks copped criticism for consistently referring existing customers to other ...

VicSuper among top pension funds, others climb

KANIKA SOOD  |  TUESDAY, 4 SEP 2018
VicSuper is now one of the world's top pension funds, sitting alongside 16 other Australian superannuation funds, according to Willis Towers Watson. The Global 300 research from WTW's Thinking Ahead Institute looked at the world's largest ...

Praemium taps Netwealth analyst for head governance role

HARRISON WORLEY  |  FRIDAY, 31 AUG 2018
A senior Netwealth investment research analyst is moving to Praemium. Damian Cilmi joins the managed accounts provider as its new head of investment managers and governance, starting his tenure on Monday, September 3. With the Praemium SMA already holding ...

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 ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... million to $1.31 billion. Eighteen out of 19 direct insurers, and seven out of eight reinsurers reported a profit for the year end. Gross policy revenue increased 6.3% to $24.7 billion year on year, while reinsurance played a more prominent role, increasing ...

Pengana LIC profitable again

KANIKA SOOD  |  WEDNESDAY, 15 AUG 2018
Pengana's listed investment company posted solid profits for the financial year, springing back from last year's losses of $23 million. Pengana International Equities (PIA) raked in a total investment income of $40 million, up 260% over the ...