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Showing 3721 - 3730 of 9316 results for "Red"

Equity Trustees acquires superannuation trustee

KARREN VERGARA  |  TUESDAY, 26 FEB 2019
Equity Trustees announced it will acquire a superannuation trustee for $6.2 million. Equity Trustees' parent company EQT Holdings has signed an agreement to purchase Zurich Australian Superannuation (ZAS), a subsidiary of Zurich Australia. ZAS has ...

Centrepoint emerges from the red

KARREN VERGARA  |  MONDAY, 25 FEB 2019
Centrepoint Alliance's business and leadership restructure have helped pull the ASX-listed company out of the red. Centrepoint overturned a $1.3 million loss to $100,000 of after-tax profit in the six months to December 2018. Operating expenses fell ...

Pinnacle nears $50bn milestone

DARREN SNYDER  |  FRIDAY, 22 FEB 2019
Pinnacle Investment Management saw its funds under management increase 22.9% to $46.7 billion in the six months to December 2018. And affiliate Firetrail Investments all but reached institutional investor capacity during the period. Breaking down Pinnacle's ...

GAM sacks investment director

JAMIE WILLIAMSON  |  FRIDAY, 22 FEB 2019
GAM Investments confirmed fixed income investment director Tim Haywood was dismissed for "gross misconduct" following an internal investigation. And he's appealing the decision. In August 2018, Haywood was at the centre of an investigation that ...

Advice group appoints general manager

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
An advice licensee owned by HUB24 hired from BT Financial Group to fill a newly-created general manager role. Sonya Choi La Rosa is joining Paragem after six years at BTFG. She has 20 years' leadership experience, including senior roles at Mercer ...

AFCA hears legacy complaints

KANIKA SOOD  |  THURSDAY, 21 FEB 2019
The Australian Financial Complaints Authority will start taking legacy complaints starting July 1 for a limited amount of time. The Federal Government recently extended AFCA's remit after the Financial Services Royal Commission. This means the one-stop ...

Escala bought by growing US firm

JAMIE WILLIAMSON  |  THURSDAY, 21 FEB 2019
Escala Partners is set to be acquired by a US-based wealth manager looking to expand its international footprint. Focus Financial Partners has entered into a definitive agreement to acquire Escala, with the deal seeing Focus' presence in the ultra-high ...

Clearview overhauls life insurance premiums

KARREN VERGARA  |  WEDNESDAY, 20 FEB 2019
Clearview is introducing a number of pricing changes to its LifeSolutions offering. New LifeSolutions customers will be subject to new pricing structures from 1 March 2019. Stepped and hybrid premiums life and TPD premium rates will be lowered, while ...

AUM growth subdued to 2025: Bloomberg

KARREN VERGARA  |  TUESDAY, 19 FEB 2019
New research from Bloomberg suggests fee margins of global asset managers will drop 11% over the next six years. Most of the 1950 global asset managers surveyed in the Asset Management Outlook to 2025 provided conservative AUM growth forecasts over ...

Royal Commission recommendations split industry

KARREN VERGARA  |  MONDAY, 18 FEB 2019
Commissioner Kenneth Hayne's final recommendations received a mixed reaction in Financial Standard' s latest spot poll. About a third (31%) surveyed by Financial Standard last week believed the banking Royal Commission final recommendations ...