Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 541 - 550 of 1115 results for "Parent"

Pension fund and bank terminate asset manager

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2018
A UK pension fund and its parent bank have terminated about $200 billion in respective mandates with a major global asset manager. Scottish Widows and Lloyds Banking Group's wealth businesses have given Standard Life Aberdeen notice to terminate their ...

IFAs tackling bank-owned competitors head on

KARREN VERGARA  |  FRIDAY, 16 FEB 2018
... finding that banks continue to breach the best interest duty and are more likely to recommend products manufactured by their parent companies, intentionally limiting customers' options or withholding more suited alternative investment products, GlobalData ...

MetLife awards $11bn custody mandate

KARREN VERGARA  |  TUESDAY, 23 JAN 2018
MetLife Australia is included among a $10.9 billion custody mandate awarded by its global parent across three key Asia Pacific markets. The US-based life insurer awarded the US$8.7 billion ($10.9 billion) custody mandate to HSBC Securities Services. ...

In-house education key to super success

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2018
One of Australia's largest superannuation funds is encouraging parents to educate children on the importance of saving for retirement as new data shows young Australians accumulate super faster than ever before. Member data released by QSuper shows ...

Soaring education costs require financial plan: Research

KARREN VERGARA  |  TUESDAY, 16 JAN 2018
Research points to Sydney as the most expensive place to send children to school and in some cases the cost of tuition is exceeding average house prices - a vital investment decision by any means. The Australian Scholarships Group (ASG) Planning for ...

School holidays require prudent financial planning: Survey

KARREN VERGARA  |  MONDAY, 15 JAN 2018
Parents forked out $1.1 billion over the summer school holidays, leaving many without a budget financially stressed, a new survey shows. Research from the Commonwealth Bank found children tend to ask parents for money eight times more compared to regular ...

RNY wind-up sought as ASIC blocks Aurora move

ALEX BURKE  |  TUESDAY, 9 JAN 2018
... Aurora Property Buy-Write Income Trust (AUP). In December, Aurora announced it had traced the missing money to its former parent company, SIV Asset Management (SAM), formerly known as Aurora Funds Limited. It also said external fraud investigation consultants ...

Industry association targets super gaps

EMMA RAPAPORT  |  MONDAY, 8 JAN 2018
The Federal Government must use its 2018-19 Budget to guarantee the further inclusion of hundreds of thousands of Australians in the superannuation system. This is the key vision of the Australians Institute of Superannuation Trustees, who used their ...

ANZ attempts sale to Chinese conglomerate, blocked by NZ regulator

ALEX BURKE  |  THURSDAY, 21 DEC 2017
... importance to its ultimate owner, ANZ, has significantly weakened as we now believe that the finance company may be sold by the parent within one year. Consequently, we no longer equalize our ratings on UDC with those on its parent."

Aurora traces stolen $1 million to former owner

ALEX BURKE  |  TUESDAY, 19 DEC 2017
... financial officer after $1 million disappeared from a listed trust in November, has traced the missing money to its former parent company, also listed on the ASX. Aurora told shareholders that the money was transferred to SIV Asset Management (SAM) ...