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Showing 2791 - 2800 of 9316 results for "Red"

AIST veteran tenders resignation

ALLY SELBY  |  WEDNESDAY, 12 AUG 2020
An Australian Institute of Superannuation Trustees executive has announced her departure after more than 15 years with the organisation. Maryann Mannix-White, who had most recently served as AIST's chief membership officer, has tendered her resignation ...

ASFA sets out productivity plan

ELIZA BAVIN  |  WEDNESDAY, 12 AUG 2020
... solutions to challenges that will be present in a post-COVID world. "This includes creating productivity gains by cutting red tape to reduce the cost burden on industries and the economy." ASFA said it worked closely with members to establish a six-step ...

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
The Financial Services Council (FSC) has called on the government to implement a two-year trial of a scalable advice model, in a bid to increase access to affordable advice to Australians at a time when they need it most. The COVID-19 crisis has seen ...

Sydney Aussie equities manager trims fees

KANIKA SOOD  |  MONDAY, 10 AUG 2020
A Washington H. Soul Pattinson related Aussie equities manager has trimmed the fees on a newly-launched fund by 15bps. Contact Asset Management's mid-March launch of the Contact Australian ex-50 Fund has revised down its annual management fees from ...

GPT bleeds $520 million

ALLY SELBY  |  MONDAY, 10 AUG 2020
Real estate investment trust GPT Group has bled $519.1 million after tax for the first half of the year, pointing to COVID-19 related negative property movements for the heavy losses. All properties in the trust were independently valued during the ...

IOOF divests Australian Ethical

ELIZABETH MCARTHUR  |  FRIDAY, 7 AUG 2020
IOOF has sold its minority shareholding in Australian Ethical for $74.5 million. In an announcement to the ASX, IOOF said it has sold 14.2 million shares in Australian Ethical, reducing its stake to approximately 5.5 million shares. That reduces IOOF's ...

Super funds slapped over smoker premiums

ALLY SELBY  |  FRIDAY, 7 AUG 2020
AMP, Colonial First State, Equity Trustees, IOOF, Intrust, Netwealth and Suncorp have been caught out by the corporate watchdog for wrongfully assigning 'smoker' statuses to new members, with only four of the aforementioned businesses set to ...

Bain Capital begins restructure reckoning

ALLY SELBY  |  WEDNESDAY, 5 AUG 2020
Virgin will cut 3000 jobs, discontinue budget airline Tigerair, suspend long-haul international flights and simplify its fleet, as Bain Capital begins to restructure its new aviation group. The restructure reckoning focuses on six key areas; overhauling ...

GAM records $19bn in outflows

JAMIE WILLIAMSON  |  WEDNESDAY, 5 AUG 2020
The global fund manager saw its profits fall 196% following net outflows of close to $19 billion in the first half of this year, resulting in heavy hits to fee and commission income. GAM has reported a pre-tax loss of $3.05 million compared to a profit ...

BDM salaries to drop

JAMIE WILLIAMSON  |  WEDNESDAY, 5 AUG 2020
Salaries for funds management and platform business distribution managers are expected to decrease over the next six to 12 months along with bonuses, according to Riva Recruitment. Salaries for BDMs have seen little change in the last six months, but ...