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Showing 3891 - 3900 of 9316 results for "Red"

Freedom drops chief, slashes workforce

KARREN VERGARA  |  WEDNESDAY, 3 OCT 2018
The chief executive of Freedom Insurance Group has left the company effective immediately and more than half of its workforce is being made redundant. Chief executive Keith Cohen, who has been at the helm for nearly nine years, will be replaced by chief ...

The joys of an independent board

KANIKA SOOD  |  WEDNESDAY, 3 OCT 2018
What value does an independent board of directors add to an investment company? That's a question that directors of top UK investment companies met to answer yesterday. At a conference organised by 86-year old Association of Investment Companies (AIC) ...

NZ Super Fund delivers 12.4pct, braces for future

KANIKA SOOD  |  TUESDAY, 2 OCT 2018
The NZ Super Fund delivered 12.43% in FY18, beating its passive reference portfolio benchmark by 2.02% and is now bracing for a changing economic landscape. The $39 billion fund has reaped the rewards of its growth-asset allocations but is now reducing ...

IOOF completes ANZ dealer group acquisitions

HARRISON WORLEY  |  TUESDAY, 2 OCT 2018
IOOF completed the acquisition of aligned dealer groups. It also provided an update on the progress of acquiring ANZ's One Path Pensions and Investments (ANZ P&I) business. As of Monday, the diversified wealth manager took full legal ownership of ANZ's ...

Fidelity cuts management fees

KANIKA SOOD  |  TUESDAY, 2 OCT 2018
Fidelity international has dropped the management fee on two of its funds. Fidelity's Global Emerging Markets fund and Global Equities Fund will charge a management fee of 0.99%. This reduces fees by 0.31% for the global emerging markets fund and 0.16% ...

Financial advice as charitable giving

JAMIE WILLIAMSON  |  MONDAY, 1 OCT 2018
A new financial advice firm operating as a charity is changing the lives of low income earners in Western Australia. Registered with the Australian Charities and Not-For-Profit Commission, Leda Financial Advice was founded by financial adviser Michael ...

Banking remuneration practices to blame for misconduct

MICHELLE BALTAZAR  |  FRIDAY, 28 SEP 2018
The industry's remuneration practices and policies played a major role in the banking misconduct uncovered by the Royal Commission Inquiry, the interim report found. Governance and risk management practices failed to prevent the misconduct where ...

Dishonest advice fees dent Westpac earnings

JAMIE WILLIAMSON  |  FRIDAY, 28 SEP 2018
Westpac's cash earnings for 2018 will take a $235 million hit due to ongoing remediation to financial advice customers. The institution is estimating its full-year cash earnings will be reduced significantly as a result of provisions set aside for compensation ...

Boutique manager expands research team

KANIKA SOOD  |  THURSDAY, 27 SEP 2018
A boutique founded last year by a former Evans & Partners head of equity has appointed a senior investment analyst. Aoris Investment Management is welcoming Swati Reddy to its investment team. Reddy was an equities analyst at CLSA in Sydney for seven ...

MSCI launches tobacco exclusion indexes

HARRISON WORLEY  |  THURSDAY, 27 SEP 2018
MSCI launched a series of market capitalisation weighted indexes excluding stocks involved in tobacco production. The new suite of indexes exclude all companies classified as producers of tobacco, and also excludes companies deriving 5% or more aggregate ...