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Showing 341 - 350 of 6126 results for "Custom"

Perpetual flags $153.7m impairment

ELIZA BAVIN  |  THURSDAY, 21 AUG 2025
Perpetual has flagged there will be a non-cash impairment charge of around $153.7 million, post-tax, in its FY25 results after completing impairment testing for the financial year. Perpetual said the non-cash charge includes an additional impairment ...

ASIC turns spotlight on direct life sales

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
ASIC is warning life insurers to do better when it comes to their direct sales practices that have placed doubt on their compliance obligations and put consumer outcomes at risk. While some life insurance firms have improved since ASIC's 2018 review ...

Fidante loses $11.4bn in insto money

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
Challenger's Fidante Partners lost $11.4 billion in institutional client money in the last financial year with the majority of it exiting fixed income investments. The lion's share of $7 billion in net outflows left fixed income strategies while ...

DigiCo REIT names new chief executive, targets 30% growth

ELIZA BAVIN  |  MONDAY, 18 AUG 2025
HMC Capital's DigiCo REIT wants to have contracted IT capacity of 27MW by June 2026, representing 30% growth from June 2025 across the Australian business, as outlined in its FY25 results. This comes as Chris Maher has been named chief executive, taking ...

Commonwealth Super names chief risk and compliance officer

MATTHEW WAI  |  MONDAY, 18 AUG 2025
Commonwealth Superannuation Corporation (CSC) has welcomed a chief risk and compliance officer, hiring from Equity Trustees. Nevein Versace has commenced in the role. She was most recently Equity Trustees' group executive and chief risk officer. In ...

WAM eyes Platinum LIC

KARREN VERGARA  |  FRIDAY, 15 AUG 2025
Wilson Asset Management (WAM) is making a play to be the investment manager of a Platinum Asset Management listed investment company, offering a non-binding, indicative proposal. WAM is proposing to take over the investment management function of ASX-listed ...

Iress adds AI chief to drive innovation

MATTHEW WAI  |  FRIDAY, 15 AUG 2025
Iress is strengthening its focus on artificial intelligence (AI), welcoming an inaugural chief AI officer. Based in Iress' Sydney office, Daniel Ashley has commenced his role and will take charge of its cross-functional team focused on leveraging AI ...

Mercer Super sued over 'longstanding and systemic' failures

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
Mercer Super allegedly failed to report seven investigations it undertook into serious member services failures, including one into premiums charged to dead members being refunded incorrectly. Lodged with the Federal Court today, the proceedings allege ...

NAB fined over $15m for delaying hardship applications

MATTHEW WAI  |  THURSDAY, 14 AUG 2025
The Federal Court has ordered National Australia Bank (NAB) and its subsidiary ASFH Nominees to pay a pecuniary penalty of $15.5 million for failing to respond to customers facing hardship. The court found that between 2018 and 2023, NAB and ASFH failed ...

HSBC awarded Allianz Australia mandate

ELIZA BAVIN  |  THURSDAY, 14 AUG 2025
HSBC has been appointed global custodian and fund administrator for the general and life insurance businesses of Allianz operating in Australia. Allianz Australia selected HSBC after a competitive tender which was designed to identify a securities services ...