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Showing 5441 - 5450 of 18266 results for "Plan"

Forrests donate $655m to foundation

KANIKA SOOD  |  MONDAY, 6 MAY 2019
... Forrest added: "The $400 million donation we announced in 2017 gave us the ability to scale-up our existing initiatives and plan ahead. The funding will go towards new and existing initiatives in five key areas including research collaboration to fight ...

ANZ serious on cost cuts

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
ANZ's chief executive said his plans for a streamlined bank should save the company roughly $1 billion by 2022. ANZ chief executive Shayne Elliot said: "We will continue to simplify and strengthen the bank, including exiting, shrinking and closing non-core ...

Morningstar director joins BondAdviser

HARRISON WORLEY  |  MONDAY, 6 MAY 2019
A Morningstar director has joined BondAdviser as the firm plans to build out its investment management capability. BondAdviser confirmed John Likos has joined as director of investment management. Most recently director of equity and credit research ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
... employees in the period. Interim dividend was kept flat at 94 cents and will be paid out on June 24. Dividend Reinvestment Plan will continue and a 1.5% discount will be applied to the market price, to add capital flexibility. The bank expects the GDP ...

Super, life risk face election test

HARRISON WORLEY  |  MONDAY, 6 MAY 2019
Superannuation is in the firing line once again as Australia prepares to head to the polls, with industry stakeholders calling for greater certainty over the future of superannuation reform. Campaigning in the lead up to the Federal election has once ...

Pendal profits plunge, advisers remain positive

KANIKA SOOD  |  THURSDAY, 2 MAY 2019
Pendal Group attracted $100 million net in adviser money in the first half, even as lower performance fees from its funds dragged down the first half results. Pendal reported a cash net profit after tax of $84.5 million, down 26% over 1H18. This slump ...

AMP leaks $1.8bn, names new CFO

HARRISON WORLEY  |  THURSDAY, 2 MAY 2019
AMP's wealth management arm saw net outflows of $1.8 billion last quarter. Announced as part of its annual general meeting today, the embattled wealth manager revealed outflows from its Australian wealth business tipped $1.8 billion in the first ...

APRA amends member outcomes standard

KARREN VERGARA  |  THURSDAY, 2 MAY 2019
... review (BPR) to be undertaken as part of an RSE's strategic and business planning process. This means monitoring the business plan; assessing the outcomes achieved for different cohorts of members; and analysing the results from the legislated outcomes ...

HSBC appoints new custody business lead

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
HSBC Australia has appointed a new head of securities services for Australia and New Zealand. Enzo Cotroneo will step into the role, joining HSBC from CitiGroup Australia where he was head of custody and fund services for several years. Prior to that ...

Westpac reveals Magnitude, Securitor adviser remediation

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
Westpac is set to repay more than 30% of the ongoing advice service fees charged by authorised representatives of Magnitude and Securitor. Westpac announced it would take a $357 million hit to cash earnings in its first half result based on currently ...