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Showing 2851 - 2860 of 14210 results for "Interest"

AMP officially exits life market

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 NOV 2021
With the complete divestment of its equity interest in Resolution Life, AMP has officially exited the life insurance business. AMP today divested its 19.13% holding in Resolution Life for $524 million. The sale of this holding completes AMP's exit ...

Wells Fargo deals finalise

JAMIE WILLIAMSON  |  TUESDAY, 2 NOV 2021
... platform, distribution network and international footprint. Going forward, Wells Fargo & Co. owns a passive 9.9% equity interest in the building. In addition to GTCR and Reverence Capital, Allspring's management, portfolio managers and employees also ...

Most shorted companies on ASX: Report

ELIZABETH MCARTHUR  |  TUESDAY, 2 NOV 2021
... permitted to retain the licence to operate the Melbourne casino. Perhaps in anticipation of an alternate ending, short interest in the company had been accumulating for weeks, with the most recent figures standing at 13 million shares, up 78% from the ...

Economic recap: Week to October 29

BENJAMIN ONG  |  MONDAY, 1 NOV 2021
... Zealand's (RBNZ) remit requiring the central bank to keep inflation within the 1% to 3%. What's the RBNZ to do? Raise interest rates of course to slow consumer spending, stoked by the declining rate of unemployment - down to 4.0% in the June ...

Unlisted asset valuation processes largely inadequate: APRA

JAMIE WILLIAMSON  |  WEDNESDAY, 27 OCT 2021
... where the committee had the ability to determine or influence decisions, introducing a clear potential for conflicts of interest. " Prudential Practice Guide SPG 531 Valuation makes clear that valuation decisions and committees should occur independently ...

Kilter wins $70m mandate

KARREN VERGARA  |  WEDNESDAY, 27 OCT 2021
... said. Gunn said that Kilter's Australian Farmland Fund will close before the end of the year due to overwhelming interest from local investors.

Centuria, MAF make joint acquisition

ANNABELLE DICKSON  |  WEDNESDAY, 27 OCT 2021
... Group and MA Financial Group (MAF) have partnered to acquire an office site in Adelaide. Both groups will take a 50% interest in 25 Grenfell Street in the Adelaide CBD for $83.3 million each. The 24-level office building will be jointly managed by both ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... switching by super fund executives during market volatility at the start of the pandemic, finding possible conflicts of interest. ASIC looked at a sample of 23 trustees (including trustees of industry and retail funds) and focused on conduct during the ...

GQG Partners celebrates IPO

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... manager's co-founders and team continue to own about 75% of the business and, post-listing, every employee has an equity interest in the firm. UBS head of global capital markets, Australasia Richard Sleijpen said this is the biggest IPO in Australia ...

No proof of member benefit: APRA on super fund spends

JAMIE WILLIAMSON  |  TUESDAY, 26 OCT 2021
APRA has found instances of expenditure by superannuation funds that does not meet the best financial interests of members, including sponsorship deals and advertising spends with no evidence of member benefit. Releasing its review of RSE licensee marketing ...