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Showing 3221 - 3230 of 18263 results for "Plan"

HESTA pushes for net zero legislation

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
... to set long term transition strategies with confidence," she said. In 2020, HESTA unveiled its Climate Change Transition Plan, which sets out how it will reduce carbon emissions in its portfolios by up to 33% by 2030 and eventually move to net zero by ...

Better Advice Bill gets green light

KARREN VERGARA  |  FRIDAY, 22 OCT 2021
The landmark Better Advice Bill, which introduces a new disciplinary body, passed the senate overnight. Under the Financial Sector Reform (Hayne Royal Commission Response-Better Advice) Bill 2021 (Better Advice Bill), from 1 January 2022, the Financial ...

AMP reports mixed quarter

JAMIE WILLIAMSON  |  THURSDAY, 21 OCT 2021
AMP's wealth management business saw $1.4 billion in outflows last quarter and AMP Capital's assets dropped by $7 billion; however, its North platform swelled by $1.7 billion. Providing a quarterly update to the ASX this morning, AMP said improved ...

Advisers closer to professionalisation: FASEA

KARREN VERGARA  |  THURSDAY, 21 OCT 2021
The Financial Adviser Standards and Ethics Authority said the advice industry is closer to reaching the professional status it is striving to achieve. This is based on new figures FASEA has released to show that advisers are taking educational qualifications ...

Ex-Pengana staff launch boutique

KARREN VERGARA  |  THURSDAY, 21 OCT 2021
Five former Pengana staff members have emerged to launch the boutique, Pella Funds Management. Pella's chief investment officer Jordan Cvetanovski and managing director Steven Glass have set up shop following their surprise exodus in March. Former Pengana ...

Rest firms up net zero pathway

ELIZABETH MCARTHUR  |  THURSDAY, 21 OCT 2021
... that derive more than 10% of revenue from thermal coal, with the caveat "unless the company has a credible net zero by 2050 plan or science-based targets". "We will advocate for an economy-wide reduction of emissions of 45% by 2030, based on 2005 levels ...

Industry funds partner with AMP Capital

ELIZABETH MCARTHUR  |  THURSDAY, 21 OCT 2021
Cbus Property and UniSuper have invested with the AMP Capital Retail Trust, as AMP Capital demerges its private markets business, making a $2.2 billion move in the retail space. The two industry funds have taken majority ownership of Pacific Fair in ...

Former Dover adviser banned

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
The corporate regulator handed down a six-year ban from providing financial services to a Melbourne-based financial adviser for failing to provide appropriate advice. Ashok Sherwal advised clients in need of cash to replace their existing insurance ...

Lakehouse Capital co-founder to depart

ANNABELLE DICKSON  |  THURSDAY, 21 OCT 2021
After five years, the Sydney-based investment firm is bidding farewell to its chief investment officer and co-founder. Joe Magyer will return to the US in March 2022 after nine years in Australia in order to be closer to his family. He first came to ...

Abrdn launches new strategy

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 OCT 2021
... help investors mitigate equity risk, reduce portfolio volatility and deliver stronger long term compounded returns as they plan for their financial future and retirement. It was incepted in 2019 and actively manages around 30 systematic hedging strategies ...