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Showing 501 - 510 of 4000 results for "Cut"

Iress unveils Connectivity Network

CHLOE WALKER  |  WEDNESDAY, 23 NOV 2022
The Connectivity Network aims bring participants together to streamline and simplify the advice execution process, thereby increasing the number of clients advisers can serve. It will directly connect platforms and insurance providers with advice softwares. ...

Experts weigh in on Brookfield bid for Origin

RACHEL ALEMBAKIS  |  FRIDAY, 11 NOV 2022
Super funds and other shareholders could be in a position for a second time this year to approve a proposal to privatise an electricity provider, as Brookfield and MidOcean Energy bid to take over Origin Energy. Brookfield and MidOcean, an LNG company ...

Pendal reports underlying profit up 17%

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
Pendal Group's underlying profit after tax grew 17% to $194.2 million in the 2022 financial year. Statutory net profit after tax was down 32% to $112.8 million, impacted by mark-to-market movements on seed investments. Underlying earnings per share ...

Credit Suisse restructures investment bank

JAMIE WILLIAMSON  |  FRIDAY, 28 OCT 2022
Following a strategic review, Credit Suisse will undertake a "radical" restructure of its investment bank and cut thousands of jobs. Credit Suisse chair Axel P. Lehmann said the group has "become unfocused" in recent years and the new strategy is "the ...

Cboe Global Markets, SBI Holdings sign MoU

ANDREW MCKEAN  |  TUESDAY, 25 OCT 2022
Cboe Global Markets and SBI Holdings (SBI) have signed a Memorandum of Understanding (MoU) to discuss business collaboration opportunities in traditional and digital finance. "The MoU between Cboe and SBI lays the foundation for the potential exchange ...

Separation of ANZ P&I business completes

JAMIE WILLIAMSON  |  MONDAY, 24 OCT 2022
Several years in the making, Insignia Financial has finally completed the separation of the pensions and investments business, in a first of its kind move. This is the first time a superannuation business has been separated from a big four bank, with ...

Members stick with dud super funds

ANDREW MCKEAN  |  FRIDAY, 21 OCT 2022
... from Super Consumers Australia (SCA) has found that products which failed the annual super performance test have on average cut their fees by 20%. SCA argued that the performance test is protecting Australians from poorly performing super products. "In ...

CEFC, Grok Ventures back solar tech firm

RACHEL ALEMBAKIS  |  THURSDAY, 13 OCT 2022
... joined Mike Cannon-Brookes' Grok Ventures in backing an Australian company commercialising technology that could drastically cut costs and increase efficiency of solar panels. The CEFC and Main Sequence Ventures led SunDrive's $21 million Series A round ...

FPA calls for sunset on experience pathway

JAMIE WILLIAMSON  |  WEDNESDAY, 28 SEP 2022
... providing an exemption at this point, given the 43% drop in authorised financial planners to date and post the exam compliance cut off, will fail to attract exited financial advisers back, nor will it remove the regulatory burden, duplication and inefficiencies ...

VC sector risks running cold

CHLOE WALKER  |  FRIDAY, 23 SEP 2022
... private equity, and strategy investors swarmed the VC market, creating robust levels of dry powder. This year, according to Cut Through Venture, investors pumped a record $3.6 billion into Australian start-ups in the March quarter alone. Within the space ...