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Showing 311 - 320 of 681 results for "Legacy"

Bain Capital begins restructure reckoning

ALLY SELBY  |  WEDNESDAY, 5 AUG 2020
... result of this plan and the investment of Bain Capital we are going to be in a much stronger position to continue that legacy," Scurrah added. Virgin Australia went into administration on April 21. While Virgin has entered a binding sale agreement for ...

Life insurance at tipping point: Industry leaders

ALLY SELBY  |  FRIDAY, 31 JUL 2020
Life insurance leaders have pushed for immediate and authentic change, lest current legacy business models and products hinder the growth and sustainability of the industry. Speaking at the Financial Services Council's (FSC) 2020 Life Insurance ...

Morrison's legacy will be retirement poverty: ACTU

ELIZABETH MCARTHUR  |  THURSDAY, 16 JUL 2020
... Unions has slammed the government's early release of superannuation program, saying that Prime Minister Scott Morrison's legacy will be a wave of retirement poverty. Following the second round of early release withdrawals commencing on 1 July 2020 and ...

ISA responds to calls for SG freeze

JAMIE WILLIAMSON  |  MONDAY, 22 JUN 2020
... Treasurer wouldn't want to risk a generation of Australian workers being dumped on the pension to be their lasting legacy; they know we would all pay for that through higher taxes. "Australians overwhelmingly support the rate going up slowly as the ...

Westpac sells legacy stake in Pendal

KANIKA SOOD  |  THURSDAY, 18 JUN 2020
Westpac sold its 9.5% stake in Pendal Group after market close yesterday sweeping clean its stake, and will continue to withdraw from the $14 billion in assets that Pendal currently manages for it. The block trade, which was handled by UBS last evening ...

Aussie financial firms struggle to manage risk: Study

ALLY SELBY  |  TUESDAY, 9 JUN 2020
... across their risk teams were "data residing in silos, lack of clarity around regulation, and integration challenges with legacy systems". Positively, 70% of Australian respondents said they are working to improve their ability to collect enterprise-wide ...

Plato fund to shutter

KANIKA SOOD  |  TUESDAY, 2 JUN 2020
... Investment Management in 2006, prior to the launch of the flagship Australian Shares Income Fund. The fund had become a legacy product supported by just a small number of investors," a spokesperson for Pinnacle said. "Given the current market environment ...

ME Bank pays industry funds no dividends

ELIZABETH MCARTHUR  |  THURSDAY, 14 MAY 2020
... test as the bank has yet to pay dividends. Following ME Bank's controversial decision to slash redraw balances on some legacy home loans, and subsequent backtrack, the bank's relationship with the 26 industry funds that own it has come under ...

ISA, ME Bank issued please explain

ELIZABETH MCARTHUR  |  MONDAY, 11 MAY 2020
... and ISA comes following news that ME Bank, which is owned by 26 industry super funds, had slashed redraw balances on some legacy home loans with limited notice to customers. Also up for discussion will be ISA's calculations on early release of super. ...

ME Bank saga could impact super funds

ELIZABETH MCARTHUR  |  THURSDAY, 7 MAY 2020
... balance changing for at least a year. The customers who were impacted from this move by ME Bank held what the bank terms "legacy home loans" written more than five years ago. Most of them have their mortgage with ME Bank because they were a member of ...