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Showing 3641 - 3650 of 8182 results for "Institutional"

Big four ditch ATM withdrawal fees

ALEX BURKE  |  MONDAY, 25 SEP 2017
ANZ, CBA, NAB and Westpac have collectively abolished ATM withdrawal fees for non-customers. In a statement, ANZ said that non-customers will no longer be charged $2 to withdraw from ANZ-branded ATMs. ANZ group executive Fred Ohlsson acknowledged that ...

NZ manager launches retirement product

EMMA RAPAPORT  |  MONDAY, 25 SEP 2017
Simplicity, a New Zealand investment manager which provides a KiwiSaver superannuation product, is launching a new fund to guarantee member's income through retirement. From age 65, members of the Simiplitcy KiwiSaver Scheme invested in the guaranteed ...

Cromwell withdraws REIT prospectus

ALEX BURKE  |  MONDAY, 25 SEP 2017
Despite what Cromwell Property Group described as significant interest from institutional and retail investors, the firm has elected not to register the prospectus for its European real estate investment trust. Cromwell said that it will consult with ...

CBA climate risk court case abandoned

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2017
Shareholders attempting to take the Commonwealth Bank to the Federal Court for historically failing to disclose climate change risks in its annual reports have withdrawn the claim. Legal correspondence between social justice group Environmental Justice ...

Former StatePlus MD joins Australian Ethical

EMMA RAPAPORT  |  FRIDAY, 22 SEP 2017
... Australian Ethical's FUM comes from direct applications to its super fund - the remainder is split between managed funds, institutional investment and retail investment through intermediaries. Its managed funds suite saw a 29% increase in net flows to ...

Hastings names new chief executive

JAMIE WILLIAMSON  |  FRIDAY, 22 SEP 2017
A former chief financial officer of Westpac's institutional bank will be the next chief executive of Hastings Funds Management. Hastings chairman Brian Scullin has confirmed that current chief executive Andrew Day will leave the business at the end ...

Multi-asset strategy enters Aussie retail market

DARREN SNYDER  |  THURSDAY, 21 SEP 2017
... fund to Australian retail investors. Already established in Australia and managing about $2.5 billion for local institutional investors, Fulcrum Asset Management launched its Fulcrum Diversified Absolute Return Fund to the Aussie retail market this week. ...

CBA mulls CFSGAM IPO, head of wealth departs

KARREN VERGARA  |  THURSDAY, 21 SEP 2017
Commonwealth Bank announced its asset management arm, Colonial First State Global Asset Management, is undergoing a strategic review and could potentially list as a public company. CFSGAM, with $219 billion in assets under management, has "achieved ...

AIA acquires CBA life insurance businesses

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
The Commonwealth Bank has sold 100% of its Australian and New Zealand life insurance businesses to AIA Group for $3.8 billion. The sale of CommInsure Life and Sovereign also includes a 20-year bancassurance partnership with AIA for the provision of ...

Labor rejects ASIC chair nominee

ALEX BURKE  |  WEDNESDAY, 20 SEP 2017
Shadow Treasurer Chris Bowen slammed the Turnbull Government's decision to proceed with its nomination for ASIC's next chair. Bowen said Labor "makes it very clear" it will not support the appointment of Credit Suisse chair and former CBA general counsel ...