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Showing 5421 - 5430 of 8184 results for "Institutional"

Westpac to refund unwanted insurance

ALEX BURKE  |  THURSDAY, 29 OCT 2015
Westpac will refund premiums paid for insurance customers did not need following an ASIC review. Over 10,600 Westpac customers will receive notification from Westpac that they are eligible for refunds, the bank having charged them for loan protection ...

MLC insurance sale to cost NAB $1.5bn

LAURA MILLAN  |  THURSDAY, 29 OCT 2015
National Australia Bank (NAB) has agreed to sell 80% of MLC's insurance business for $2.4 billion, but it estimates it will lose over $1.5 billion in the transaction. The bank told investors that the transaction would involve an indicative loss of $1.1 ...

Global strategy drives BTIM results

LAURA MILLAN  |  THURSDAY, 29 OCT 2015
BT Investment Management reported a record result for the year to 30 September 2015, with the manager's US equity funds attracting strong inflows. BTIM confirmed a cash net profit after tax (NPAT) of $132.5 million for the year, and a statutory NPAT ...

Labor questions APRA independence

DARREN SNYDER  |  THURSDAY, 29 OCT 2015
The independence and role of Australia's financial regulator is under the spotlight after one of its senior officials briefed crossbench senators on proposed superannuation trustee legislation. Australian Prudential Regulation Authority (APRA) member ...

Future Fund's morphing objective

ALEX DUNNIN  |  WEDNESDAY, 28 OCT 2015
Ambiguity around the Future Fund and whether it's a fund for public servants' super or a genuine Australian sovereign wealth fund continues to challenge the fund's leadership. Speaking in Perth yesterday, Future Fund managing director David Neal believes ...

Australian politics spooks foreign infra investors

LAURA MILLAN  |  WEDNESDAY, 28 OCT 2015
Australia's volatile politics are spooking foreign institutional investors, who are interested on increasing their exposure to infrastructure, but have a negative feeling about the current context. A survey of major global and Australian investors by ...

Australian Ethical aims super high

DARREN SNYDER  |  TUESDAY, 27 OCT 2015
Australian Ethical aims to be at the 75th percentile of its MySuper peer group by 2020 according to the fund's annual sustainability report. The report was released on Friday and managing director Phil Vernon said Australian Ethical plans to achieve ...

Link to list on the ASX today

LAURA MILLAN  |  TUESDAY, 27 OCT 2015
... later today, when Link Group lists on the Australian Securities Exchange (ASX). Link raised $946.5 million from institutional investors and sold its share at $6.37, the highest price of the indicative price range, which was between $5.41 and $6.37 per ...

AXA IM to launch impact fund in Australia

LAURA MILLAN  |  TUESDAY, 27 OCT 2015
AXA IM will launch an impact investing fund of funds strategy targeting institutional investors in Australia. The strategy will be the second impact investing fund managed by AXA IM global head of responsible investment Matt Christensen. Christensen ...

Industry funds ink CIPR annuities deal

DARREN SNYDER  |  TUESDAY, 27 OCT 2015
Three industry superannuation funds have leapt to the development of Comprehensive Income Products for Retirement (CIPRs) after a major partnership with Challenger Limited was announced today. The partnership was announced at Challenger's Annual General ...