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Showing 4061 - 4070 of 9316 results for "Red"

David Murray becomes AMP chair

ALEX BURKE  |  FRIDAY, 4 MAY 2018
AMP has named Financial System Inquiry overseer and former CBA chief executive David Murray as its new chair. He will take on the role after AMP's annual general meeting in July, at which point executive chair Mike Wilkins will return to the position ...

NAB to divest MLC

ALEX BURKE  |  THURSDAY, 3 MAY 2018
NAB plans to exit the majority of its wealth management operations, including divestment of Australia's largest retail MySuper product. While the bank will continue to service high-net-worth clients via JBWere, it is shedding the rest of its wealth ...

BlackRock restructures iShares ETFs

KANIKA SOOD, KARREN VERGARA  |  THURSDAY, 3 MAY 2018
BlackRock will delist five of its 19 US-domiciled iShares exchange-traded funds from the ASX and convert the remainder as Australian-domiciled ETFs. The world's largest asset manager is moving towards a locally-domiciled product range and the 14 ETFs ...

Life insurance regulation needs government backing: Poll

KARREN VERGARA  |  WEDNESDAY, 2 MAY 2018
An overwhelming number of people who work in life insurance believe the industry needs government backing so it can properly regulate. In a survey conducted by DST Systems, a large number of respondents (85%) want to engage with ASIC to strengthen the ...

Retail unit trusts leaking FUM

KANIKA SOOD  |  TUESDAY, 1 MAY 2018
Retail unit trusts now hold only 47% of the managed funds segment in Australia, down from 75% at the time of GFC, according to new Rainmaker research. The $755 billion managed funds segment in Australia includes retail unit trusts, exchange traded funds ...

Industry fund simplifies super access

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
An enhancement to the online member portal of a $2.3 billion industry superannuation fund is making it easier for retirees to access their retirement savings. Once a member of Intrust Super reaches preservation age, a 'Join Pension' option now appears ...

CBA enters APRA EU

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
APRA has accepted an Enforceable Undertaking from Commonwealth Bank, having determined the bank's operational risk management framework "worked better on paper than in practice." Releasing the final report of its prudential inquiry into CBA, the regulator ...

Uncertainty abounds future of advice regulation

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
Testimony provided to the Royal Commission by key financial advice associations and the corporate regulator raised concerns as to the organisations' efficacy in identifying and penalising misconduct. In closing the Royal Commission's inquiry into financial ...

FIIG Securities appoints Deutsche manager

KANIKA SOOD  |  MONDAY, 30 APR 2018
Fixed income dealer FIIG Securities has appointed a Deutsche manager to support its Australian growth. Joining FIIG Securities is Anne-Marie Hunter-Brown as its markets business manager. She joins from Deutsche Bank as a business manager for credit ...

"Collegiality" hinders appointments of female executives

KANIKA SOOD  |  MONDAY, 30 APR 2018
When selecting new board members, a majority (66.7%) of ASX 200 company boards tend to gravitate towards candidates whom they know - a situation which hinders the selection of female employees to male-dominated boards, according to a new survey from ...