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Showing 11 - 20 of 194 results for "Separation"

AMP offloads SuperConcepts

JAMIE WILLIAMSON  |  THURSDAY, 8 JUN 2023
... in Q3 this year, with all parties committing to ensuring a smooth transition and continuation of service during the separation from AMP. "This is yet another step in simplifying the AMP business and delivering on the promises to focus on retail banking ...

In need of repair: Gender stereotypes and advice

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... their confidence, manage their own finances and help those that have gone from a dual to a single-income household. "Separation and divorce tend to hit women harder than men with the average age of divorce being 38.5. At this age, many women have taken ...

Separation of ANZ P&I business completes

JAMIE WILLIAMSON  |  MONDAY, 24 OCT 2022
Several years in the making, Insignia Financial has finally completed the separation of the pensions and investments business, in a first of its kind move. This is the first time a superannuation business has been separated from a big four bank, with ...

WA introduces new super laws for de facto couples

ANDREW MCKEAN  |  FRIDAY, 19 AUG 2022
... too long outdated arrangements meant de facto partners in WA could not split their superannuation in the event of a separation. "Instead, each partner walked away with their individual superannuation account balance - no matter how disproportionate they ...

Commonwealth Bank profit nears $10bn

CASSANDRA BALDINI  |  WEDNESDAY, 10 AUG 2022
... to KKR. The sale was completed last December and resulted in a post-tax gain of $840 million (net of transaction and separation costs). The profit results said: "Post-tax transaction and separation costs of $47 million and $137 million were recognised ...

AUSIEX chief executive retires

CHLOE WALKER  |  FRIDAY, 29 JUL 2022
... Kawanami thanked Blewitt for the "significant contribution he has made to AUSIEX", particularly in managing the business separation from CBA over the past 12 months. "He has successfully led AUSIEX through a period of enormous change together with the ...

Westpac offloads BT super funds to Mercer

JAMIE WILLIAMSON  |  THURSDAY, 26 MAY 2022
... the products employment, Westpac said. The transfer will result in a small loss as a result of the transaction and separation costs, expected to total about $80 million. However, Westpac has also agreed to sell Advance Asset Management to Mercer, which ...

AMP completes GEFI sale to Macquarie

CHLOE WALKER  |  MONDAY, 28 MAR 2022
... Capital chief executive Shawn Johnson said the completion of the transaction is a key milestone in AMP Capital's separation from AMP and preparation for a demerger, creating Collimate Capital. "Our teams have been actively working to ensure a smooth ...

Magellan loses more investors, FUM slumps

KARREN VERGARA  |  MONDAY, 28 FEB 2022
... troubles at the executive level with Brett Cairns resigning as chief executive and chair Hamish Douglass announcing the separation from his wife Alexandra Douglass and then taking an indefinite leave of absence. In another blow, Magellan's Global ...

AMP reports $252m loss

KARREN VERGARA  |  THURSDAY, 10 FEB 2022
... finalising the demerger and listing on the ASX by the end of the year. On the demerger, George commented: "Operational separation is now complete, including the transfer of the multi-asset group investment team into Australian wealth management, and ...