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Showing 4001 - 4010 of 9281 results for "wealth"

ASX dismisses concern over AMP sale

HARRISON WORLEY  |  MONDAY, 12 NOV 2018
... ASX has determined AMP does not require shareholder approval to move forward with the planned $3.3 billion sale of its wealth protection businesses. On Friday the exchange confirmed AMP was not required to seek shareholder approval to sell its wealth ...

Future Fund appoints to board

KANIKA SOOD  |  MONDAY, 12 NOV 2018
... Future Fund has appointed a former UBS global asset management chief as it renews the board of the $149 billion sovereign wealth fund, including topping up chair Peter Costello's term. Former UBS global asset management chief executive and chair John ...

Future Fund boosts alternatives assets

KARREN VERGARA  |  THURSDAY, 8 NOV 2018
... two new fund managers in a bid to combat the tailwinds coming from the global equities market. Australia's sovereign wealth fund increased its allocation in private equity to 14.1% (FY17: 12%) and alternatives to 15.3% (FY17: 14.8%) over the course ...

Platypus distribution director departs

KANIKA SOOD  |  THURSDAY, 8 NOV 2018
... reviews its distribution options. Mark Hearne was responsible for Platypus' institutional, family office and private wealth sales for two-and-a-half years. At Fidante Partners he will be a national key account manager. "Platypus is considering a ...

Mercer, Kogan to launch super fund

JAMIE WILLIAMSON  |  WEDNESDAY, 7 NOV 2018
... frills superannuation offering with ultra-low fees that will enable Aussies to retain and preserve more of their personal wealth," he said. "Albert Einstein once said that 'compound interest is the eighth wonder of the world. He who understands it ...

Melbourne AFSL pays $9 million in fines

KANIKA SOOD  |  MONDAY, 5 NOV 2018
... In seeking the January restraining order against Financial Circle, ASIC called the Financial Circle case a "sequel" to Wealth Risk Management [injunction] proceedings of 2017. That case was settled in February this year with a $7.8 million fine from ...

NAB signals more bad advice remediation

KARREN VERGARA  |  THURSDAY, 1 NOV 2018
... the outcome of this event as a contingent liability but what it will cost also remain uncertain. Furthermore, NAB's wealth advice remediation administered via its Customer Response Initiative review relating to inappropriate advice dating back to ...

AMP hires from MLC

KANIKA SOOD  |  THURSDAY, 1 NOV 2018
... new head of platform development from MLC. AMP head of platform products John Keating has moved into the role of head of wealth distribution, Southern region. The post he leaves vacant is going to Shaun Egan, who led MLC's wrap platform and managed accounts ...

FSC appoints UBS, Mercer heads

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
... board as Challenger's nominated representative while he is still with Challenger during the transition. FSC chair and MLC Wealth chief Geoff Lloyd welcomed the new appointees. "Both have had long careers in financial services and will add specialist ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
ANZ's divested pension and investment businesses continued to record net outflows as it passed the baton to IOOF, the bank's full-year results show. In its financial results for the year ending 30 September 2018, released this morning, ANZ reported ...