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Showing 3651 - 3660 of 9281 results for "wealth"

Sovereign wealth fund revokes exclusions

JAMIE WILLIAMSON  |  FRIDAY, 28 JUN 2019
The Norwegian sovereign wealth fund has revoked its decision to exclude Rio Tinto from its investments. Norges Bank has repealed exclusions placed on five international organisations over the last 15 years, Rio Tinto among them. The fund will also now ...

IOOF divests Ord Minnett stake

KARREN VERGARA  |  THURSDAY, 27 JUN 2019
IOOF is divesting its majority stake in Ord Minnett Holdings to focus on its wealth management capabilities. IOOF announced to shareholders this afternoon it will offload its 70% stake in Ord Minnett to a consortium for $115 million. It expects to make ...

Excellence in managed accounts recognised

HARRISON WORLEY  |  WEDNESDAY, 26 JUN 2019
... licensees and innovation. Taking home the licensee managed account award was Viridian Advisory, beating out Canaccord, Crystal Wealth, Prime Financial Group, Royston Capital and Stanford Brown. Praemium's efforts in improving managed accounts saw them ...

Group life premiums topple benefits paid: Research

KARREN VERGARA  |  WEDNESDAY, 26 JUN 2019
The amount of premiums group insurers charge have outweighed benefit payments by a whopping $21 billion over the last five years, Rainmaker analysis reveals. Using APRA data of industry and retail superannuation funds and their respective life insurers ...

Australian Ethical chief executive to depart

ELIZABETH MCARTHUR  |  WEDNESDAY, 26 JUN 2019
... from about $600 million to $3.13 billion across super and managed funds. In addition to its ethically driven super and wealth management business, the Australian Ethical Foundation manages the organisation's community grants program and has delivered ...

Future Fund backs tech startup

KANIKA SOOD  |  TUESDAY, 25 JUN 2019
Australia's $154 billion sovereign wealth fund has invested in a technology company looking to deploy its products in the industrial sector. California's Everactive raised $30 million in a recent funding round, of which Future Fund was the lead ...

IOOF names new chief executive

HARRISON WORLEY  |  TUESDAY, 25 JUN 2019
... executive and managing director. Acting chief executive Renato Mota has been appointed to permanently lead the embattled wealth manager through a significant period of upheaval. The wealth firm also appointed Mota as managing director on the IOOF board ...

Westpac appoints remediation lead

JAMIE WILLIAMSON  |  MONDAY, 24 JUN 2019
... group has responded to reports of up to 300 planned redundancies within BT Financial Group. Former ANZ general manager, wealth separation and transition Mandy Rutherford has joined Westpac to lead its ongoing customer remediation efforts. Most recently ...

FSC adds to board

ELIZABETH MCARTHUR  |  MONDAY, 24 JUN 2019
... and marketing initiatives and these skills are highly regarded by the FSC board," Lloyd said. In April, some big names in wealth management joined the FSC board. AMP chief executive, wealth management Alex Wade joined the board along with Challenger ...

Global manager appoints Aussie equities lead

KANIKA SOOD  |  MONDAY, 24 JUN 2019
... reflective of her commitment, knowledge and proven ability." Aberdeen Standard recently hired a former Ernst and Young wealth partner as head of retirement.