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Showing 4481 - 4490 of 8182 results for "Institutional"

ANZ mulls selling wealth business

ALEX BURKE  |  THURSDAY, 3 NOV 2016
ANZ says the sale of its wealth management business is a possible scenario that has been thought about "for some time." In releasing the bank's full-year results today, ANZ chief executive Shayne Elliott told a media briefing its wealth business is ...

ASIC secures $210m in compensation

ALEX BURKE  |  THURSDAY, 3 NOV 2016
ASIC secured $210.5 million in compensation over FY16, according to its annual report. ASIC noted the figure - substantially higher than the $35.2 million over FY15 - was largely driven by "six matters," which comprised 79% of total dollar compensation. ...

New life insurance standards for super

KERRIE SYDEE  |  THURSDAY, 3 NOV 2016
Superannuation trustees and life insurers will be bound by new life insurance standards emerging from an industry leadership group aiming to benchmark best practice. The Superannuation Industry Working Group is a new collaboration between the Australian ...

Aussie fund manager London bound

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2016
An Australian fund manager is expanding to the United Kingdom, opening an office in London. Bennelong Funds Management intends to appoint a range of executives in the UK, including a chief operating officer, a compliance manager and head of sales for ...

NZ Super Fund settles stake in Kiwibank

KERRIE SYDEE  |  WEDNESDAY, 2 NOV 2016
The NZ Super Fund and ACC have announced the settlement of an investment in Kiwi Group Holdings, the owner of the Kiwibank. NZ Super Fund has acquired a 25% stake from NZ Post for $263 million, while ACC has invested $231 million for a 22% stake. The ...

Super funds should reassess view of balances: Challenger

JAMIE WILLIAMSON  |  WEDNESDAY, 2 NOV 2016
Superannuation balances should be considered on a household level rather than the traditional individual view, according to new retirement insights from Challenger. The latest research from the investment manager shows that if pre-retirees look at their ...

APRA marks New Year priorities

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2016
Despite the current Australian financial system appearing healthy there remains areas of vulnerability, according to the latest annual report from APRA. The report outlines risks in the housing market, the funding profile of the banking system, poor ...

CBA partners to capitalise on Chinese tourism

JAMIE WILLIAMSON  |  TUESDAY, 1 NOV 2016
... efficiencies for both merchants and the 19,000 Chinese tourists that visit Australia every week. CBA group executive institutional banking and markets, Kelly Bayer Rosmarin, said the bank is thrilled to be collaborating with Alipay to develop innovative ...

Spire Capital launches second US seniors housing fund

ALEX BURKE  |  TUESDAY, 1 NOV 2016
... operate on rental basis, so there isn't the volatility of the deferred management fee model you have here," he said. "Institutional investors love to buy stabilised assets and will pay a portfolio premium to acquire those assets." The goal, he added ...

Future Fund surges to $123 billion

ALEX DUNNIN  |  MONDAY, 31 OCT 2016
The Future Fund has issued its 2016 annual report confirming that its investment performance is ahead of its long term target benchmark. The Future Fund, now valued at $123 billion, was established in 2006 as a fiscal fund to offset Australia's ballooning ...