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Showing 3621 - 3630 of 29058 results for "PRI"

GPT appoints Charter Hall executive as new chief

CASSANDRA BALDINI  |  MONDAY, 25 SEP 2023
GPT Group (GPT) has appointed former Charter Hall chief financial officer Russell Proutt as its chief executive and managing director. Proutt is set to take over from Bob Johnston and will officially assume the top position by 25 March 2024. In the ...

Bank of England holds rates at 5.25%

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
The Bank of England's (BoE) Monetary Policy Committee has voted five to four to hold the policy rate steady at 5.25%, while unanimously agreeing to reduce the stock of UK government bond purchases by £100 billion over the next year. In halting a run ...

APRA moves to ensure improved member outcomes

ANDREW MCKEAN  |  FRIDAY, 22 SEP 2023
APRA is updating Prudential Standard 'Strategic Planning and Member Outcomes' (SPS 515) to enhance member outcomes in superannuation, including requiring trustees to justify business-related expenses. The regulator's changes seek to align expenditure ...

MLC Life unveils retail discounts

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
MLC Life Insurance has introduced several discount changes that can save new and existing retail customers up to 50% across various products. For financial advisers and new clients, MLC Life has applied a range of discounts across different products ...

NAB to pay $2.1m for knowingly overcharging customers

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2023
NAB will pay $2.1 million in a fine issued by the Federal Court over knowingly overcharging customers certain fees and failing to tell them. The court has ordered the bank pay the penalty for continuing to charge periodic payment fees it knew was not ...

Count to take over Diverger

KARREN VERGARA  |  FRIDAY, 22 SEP 2023
Count is making a play for Diverger, in a deal that will create an entity with $29 billion in funds under management and advice, and house 550 financial advisers. The two ASX-listed firms have entered into a binding scheme implementation deed in which ...

No bubble risk in Sydney housing market: UBS

CHLOE WALKER  |  THURSDAY, 21 SEP 2023
Despite a price correction since the highs of 2020 and 2021, Sydney's housing market remains overvalued but is not at risk of a bubble, says UBS. The UBS Global Real Estate Bubble Index ranks Sydney at 16th of 25 international cities in terms of housing ...

Australian Retirement Trust deputy CIO to go

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2023
Just weeks after announcing its chief executive is set to depart, Australian Retirement Trust's deputy chief investment officer is now following suit. The $260 billion super fund has confirmed Charles Woodhouse is leaving the fund for another role. ...

Trading platform pays $830k over suspicious trades

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2023
Interactive Brokers is paying a fine of more than $830,000 after it failed to identify suspicious trades conducted by a client. Between March and November 2021, certain Closing Single Price Auction (CSPA) orders in Orthocell (OCC) were allowed by Interactive ...

Josh Frydenberg takes over as Goldman Sachs chair

CASSANDRA BALDINI  |  THURSDAY, 21 SEP 2023
Goldman Sachs has appointed the former treasurer as the chair of its Australia and New Zealand (ANZ) business. In the new position, Frydenberg will focus on further deepening and strengthening client coverage across the ANZ region. He originally joined ...