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Showing 231 - 240 of 364 results for "divestment"

Centrepoint pulls out of NEOS Life

JAMIE WILLIAMSON  |  THURSDAY, 13 DEC 2018
... redefinition; becoming an advice and business services provider rather than a licensee and dealer group. In announcing the divestment, Benbow said the new strategy is not focused on product solutions like NEOS Life - a provider of retail life insurance ...

Super fund offloads harmful holdings

JAMIE WILLIAMSON  |  TUESDAY, 27 NOV 2018
... Vision Super is devising a strategy for prudently offloading the excluded stocks, with the materiality threshold for divestment set at 25% of revenues, with a buffer of +-5%.

Global asset managers sign responsible firearms framework

DARREN SNYDER  |  THURSDAY, 15 NOV 2018
... Chief investment officer Christopher J. Ailman said: "Most importantly, these principles are an engagement solution to divestment and meant to stimulate productive dialog within the industry. Working together, we can build and leverage solid relationships ...

ASX dismisses concern over AMP sale

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
... billion sale includes the wealth manager's life insurance business. According to the ASX, AMP's planned wealth protection divestment does not represent a disposal of the firm's main undertaking, meaning a shareholder approval is not required for the ...

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 ...

Tobacco-free portfolios divide investors: Poll

KARREN VERGARA  |  MONDAY, 29 OCT 2018
... initiative has a mixed effect on investors. The survey, which asked what best described the growing momentum of tobacco divestment, found the sentiment was split among an even number of readers. About one-quarter respectively said it was long overdue ...

AMP divests life business

DARREN SNYDER  |  THURSDAY, 25 OCT 2018
AMP will exit life insurance in 2019, following a $3.3 billion sale of its wealth protection business. It will also divest its New Zealand wealth management and advice businesses via an IPO. The completion of an AMP portfolio review led to the divestments. ...

BTFG expands tobacco divestment

HARRISON WORLEY  |  THURSDAY, 18 OCT 2018
BT Financial Group is expanding its divestment from tobacco and controversial weapons. The firm is extending its ESG exclusion framework to investment mandates for internally managed investments, saying customers demand sustainable investing that aligns ...

ANZ compensation bill hits earnings

KARREN VERGARA  |  MONDAY, 8 OCT 2018
ANZ will take a massive $374 million hit to its profit thanks to its customer remediation programs. The bank will recognise the losses in 2H18 for refunds owed to customers. It also factored in legal costs associated with the Royal Commission of $55 ...

AMP Capital divests $440m from tobacco

KANIKA SOOD  |  THURSDAY, 27 SEP 2018
AMP Capital has has completed its divestment of $440 million in tobacco manufacturing-related holdings from across all its equity and fixed income investments. This is the largest divestment tobacco securities by a fund manager in Australia, the manager ...