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Showing 4231 - 4240 of 11511 results for "DIV"

Kogan Super launches

KARREN VERGARA  |  WEDNESDAY, 21 AUG 2019
Kogan's low-cost, online-led superannuation fund backed by Mercer Australia has launched today. The two firms flagged their partnership to launch Kogan Super late last year, promising a "new no frills, ultra-low fee" offering that will disrupt the ...

Mainstream shelves super admin business

KARREN VERGARA  |  TUESDAY, 20 AUG 2019
Mainstream Group Holdings is moving away from providing superannuation administration services to industry and corporate funds to focus instead on growing its public offer super fund. The ASX-listed firm announced today the super admin business will ...

EY bolsters financial services law team

HARRISON WORLEY  |  MONDAY, 19 AUG 2019
Global management consultancy Ernst and Young boosted its local financial services legal team with the appointment of an alternative investments specialist. Former Norton Rose Fullbright partner Nikki Bentley joined EY Australia this month as a partner ...

Japanese insurer gets Treasury tick to up Challenger stake

KANIKA SOOD  |  MONDAY, 19 AUG 2019
A Japanese insurer that owns about 16% of Challenger has received the green light from the Treasury to increase its stake in the company. In March, MS&AD announced its intention to take its stake in Challenger over 15% and seek board representation. ...

Boutique distribution lead departs

JAMIE WILLIAMSON  |  MONDAY, 19 AUG 2019
The head of distribution at a boutique fund manager has taken a new role with Viridian Advisory. Former Fortius Funds Management head of distribution Rebecca Pun is now a portfolio manager at Viridian Advisory. In the new role, Pun is responsible for ...

Netwealth FUA, adviser numbers rise

KARREN VERGARA  |  MONDAY, 19 AUG 2019
A number of financial advisers who flocked to wealth management institutions for Netwealth as a result of the banking Royal Commission have helped boost the platform's funds under administration by 30% to $23.3 billion. Financial results for the ...

Sovereign wealth fund plans Ancestry.com retreat

KANIKA SOOD  |  FRIDAY, 16 AUG 2019
Investors including Singapore's $150 billion plus sovereign wealth fund are looking to pull out over $1.3 billion from popular DNA testing company Ancestry.com, according to a news report. Singapore's GIC and private equity firm Silver Lake Management ...

AMP Capital restructures real estate arm

HARRISON WORLEY  |  FRIDAY, 16 AUG 2019
AMP Capital has made several changes to the leadership of its real estate arm, amid a realignment of the business unit. The global investment manager has split its real estate business into two specialist sectors: retail, and office and logistics. As ...

State Street ETF in franking credit kerfuffle

KANIKA SOOD  |  THURSDAY, 15 AUG 2019
Investors and financial advisers were left confused when the almost $4 billion SPDR S&P/ASX 200 Fund (ASX: STW) failed to pay out any franking credits with June's year-end distribution for the first time in its 18-year-long history. State Street paid ...

Plato to raise $200 million

KRISTI CHENG  |  THURSDAY, 15 AUG 2019
Plato Investment Management has announced a $200 million entitlement offer for its fund, Plato Income Maximiser (PL8). In response to increasing investor demand for dividend payments as a replacement for their cash and fixed interest income, Plato will ...