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Showing 2501 - 2510 of 8182 results for "Institutional"

Listed infrastructure to hit double digits: CBRE

KANIKA SOOD  |  THURSDAY, 21 MAR 2019
The boutique that took over a slice of UBS Asset Management's assets in December says listed infrastructure could return 12-14% in the next 12 months, the Financial Standard Advisers Big Day Out heard. Speaking at the Sydney leg of Financial Standard's ...

UBS fined $51m for reporting breaches

KARREN VERGARA  |  THURSDAY, 21 MAR 2019
Swiss bank UBS AG has been slapped with a £27.6 million ($51.1m) fine for breaching reporting rules stretching nearly a decade. UK regulator the Financial Conduct Authority found UBS did not provide complete and accurate information relating to about ...

Robert slates industry over inactive accounts

HARRISON WORLEY  |  THURSDAY, 21 MAR 2019
Assistant Treasurer Stuart Robert has taken aim at the financial services industry over its "lazy" attitude in dealing with inactive superannuation accounts. Speaking at the Financial Services Council's Life Insurance Conference in Sydney this morning ...

AMP scraps bonuses

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
AMP will no longer be awarding incentives for leadership teams. Meanwhile, former executives have forfeited long and short term incentives and fees paid to board directors have been reduced. In its 2018 annual report chairman David Murray wrote: "The ...

IFM Investors acquires super fund-owned port

JAMIE WILLIAMSON  |  WEDNESDAY, 20 MAR 2019
IFM Investors is partnering with one of the world's largest port operators to acquire 100% of Poland's largest container terminal from a consortium comprising Australian superannuation funds. The IFM Global Infrastructure Fund, in partnership with PSA ...

Royal Commission will guide remuneration standard: APRA

DARREN SNYDER  |  WEDNESDAY, 20 MAR 2019
What APRA learned from its prudential inquiry into Commonwealth Bank, and the Royal Commission, will help shape its updated and soon-to-be released standard on remuneration. APRA executive general manager, policy and advice, Pat Brennan told an industry ...

Neilsons sell 10% of Platinum

KANIKA SOOD  |  WEDNESDAY, 20 MAR 2019
... diversifying our personal investments." The $300 million represents a 10% stake. The Neilsons offloaded it in an off-market institutional offer that was priced at $5 per share which is 50 cents lower than yesterday's close. Platinum Asset Management ...

Deutsche Bank and Commerzbank merger likely

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
Deutsche Bank confirmed it is in discussions with Commerzbank, but say there is "no certainty any transaction will occur." Deutsche Bank chief executive Christian Sewing said in a letter to employees: "Today we have informed the public that, in the ...

Unions have right to express views: Combet

KANIKA SOOD  |  TUESDAY, 19 MAR 2019
Industry Super Australia chair Greg Combet says the ACTU had the right to express its views and the law ensures that only what is in members' interest get through a superannuation trustee board. Last week, Australian Council of Trade Unions president ...

UK to introduce new pension scheme

KANIKA SOOD  |  TUESDAY, 19 MAR 2019
The UK has green flagged a new type of pension scheme on the back of union demand, joining Denmark and Netherlands which use a similar system. The new collective defined contribution (CDC) will allow employers to pool together group contributions while ...