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Showing 311 - 320 of 3927 results for "November"

Industry fund merger finalised; seven board exits confirmed

ANDREW MCKEAN  |  FRIDAY, 1 NOV 2024
... Spirit Super initially entered a preliminary non-binding Memorandum of Understanding to explore a possible merger in November 2022. At the time, Scott noted that both funds shared a common vision to establish a mid-size fund offering a "distinct point ...

Charter Hall, Hostplus bid price for HPI reduces

KARREN VERGARA  |  FRIDAY, 1 NOV 2024
... outlook for the business." The board urged shareholders to reject the offer and instead will provide them an update at the November 13 annual general meeting on the portfolio, adding that the existing assets and their current strategy, including organic ...

Commonwealth Bank finally relents on interest rate call

ELIZA BAVIN  |  THURSDAY, 31 OCT 2024
... yesterday's data forced the top economist to finally relent. "As a result of [the CPI] data we see the RBA on hold at both the November and December board meetings," Aird said. "And we look for the first 25bp rate decrease in February 2025. Our expectation ...

CFS unveils fund manager, fee changes to FirstChoice

KARREN VERGARA  |  TUESDAY, 29 OCT 2024
... (CFS) is introducing a bunch of fund manager, asset allocation, and fee changes to two of its FirstChoice products from November 16. For FirstChoice Employer Super, Platypus Australian Equities will take over as investment manager of the Ausbil Australian ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... that, ASIC said it will seek penalties for misleading conduct. The matter will return to Court for case management on 8 November 2024. HCF Life replaced the 'pre-existing condition' term in its life insurance products on 9 November 2023. In April 2021 ...

AMP hires growth lead for super, investments

JAMIE WILLIAMSON  |  FRIDAY, 25 OCT 2024
... its super and investments leadership team, hiring a former BT head of product. Julie Slapp will join the business on November 25 in the newly created role, tasked with developing and managing customer solutions that differentiate AMP Super and AMP Investments ...

Westpac appoints acting head of wealth

ELIZA BAVIN  |  THURSDAY, 24 OCT 2024
... business and wealth. Westpac chief executive Peter King said Peter Herbert has been appointed to the position, effective November 5. Herbert is currently the chief operating officer, business and wealth, and is set to replace Anthony Miller who is set ...

Magellan launches first Vinva funds

MATTHEW WAI  |  TUESDAY, 22 OCT 2024
... fund, the Vinva Australian Alpha Extensive Fund - a 130:30 long-short strategy - is expected to make its appearance in November. Each of these funds will provide investors with exposure to Vinva's diversified equity portfolios through an active, systematic ...

Regal indicted for alleged short-selling breach

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... year of imprisonment or a fine of more than three times and up to five times the avoided loss amount," the FSC said. In November 2023, the FSC banned short selling in domestic stock markets up until the end of June due to its concerns about naked short-selling ...

ESSSuper shifts members to new default option

KARREN VERGARA  |  MONDAY, 21 OCT 2024
... the Balanced option will move to the Balanced Growth Managed option for Accumulation Plan and beneficiary accounts on November 22 unless they inform the super fund otherwise. ESSSuper announced in August that it launched the new option in a bid to help ...