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Showing 561 - 570 of 1630 results for "Division 296"

Macquarie IM acquires equities specialist

JAMIE WILLIAMSON  |  TUESDAY, 13 MAR 2018
Macquarie Investment Management is increasing its investment capabilities via the acquisition of a $6 billion specialist asset manager based in Luxembourg. The investment management division of Macquarie Group has entered an agreement to acquire ValueInvest ...

Women-led super funds outperform again

ALEX DUNNIN  |  THURSDAY, 8 MAR 2018
Superannuation funds with significant levels of female leadership again outperformed funds dominated by men, and have increased their likelihood of doing so, Rainmaker research reveals. Rainmaker assessed 66 super funds to derive a W-index score and ...

Sequoia expands advice arm, boosts top line

KARREN VERGARA  |  WEDNESDAY, 28 FEB 2018
Sequoia Financial Group's advice business delivered strong revenue in the six months to December thanks to two acquisitions and a restructure of its operations. Sequoia Wealth Group saw revenue jump 39% to $3.9 million, while adviser numbers rose 15% ...

BTFG names insurers on expanded APL

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
BT Financial Group advisers will see two insurers added to the BT life insurance approved product list from March, a threefold increase on the current APL. AIA Australia and TAL products will be available alongside BT Protection Plans, underwritten ...

Perpetual investments drives profit boost despite market conditions

ALEX BURKE  |  THURSDAY, 22 FEB 2018
Perpetual saw a 3% boost in statutory net profit after tax in the six months to 31 December 2017 - up to $68.1 million - largely driven by its investments business. Perpetual Investments delivered a before-tax profit of $58.1 million, which was slightly ...

Credit Suisse under investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2018
Credit Suisse is being questioned over its hiring practices in Asia Pacific. Credit Suisse disclosed it is "responding to requests" from governmental and regulatory authorities in regards to potential violations of the US' Foreign Corrupt Practices ...

AustralianSuper slashes insurance premiums

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2018
Australia's largest superannuation fund is reducing insurance premiums that will save members $100 million over the next financial year. From May 2018, AustralianSuper and life insurance partner TAL will decrease life insurance premiums by 14% for death ...

Sunsuper executive joins IFM Investors

JAMIE WILLIAMSON  |  MONDAY, 12 FEB 2018
The chief investment operations officer at Sunsuper has joined IFM Investors in a newly created role. Lounarda David has been appointed as chief operations officer to further support IFM's growing investment management business. The role was created ...

CBA puts away $500m for regulatory costs

DARREN SNYDER  |  WEDNESDAY, 7 FEB 2018
Commonwealth Bank posted a $4.7 billion after-tax profit in the first half of FY18 and its wealth management arm was a standout performer. However the bank has also put aside more than $500 million for ongoing legal and customer remediation costs. CBA's ...

Former Suncorp executive joins Freedom Insurance

KARREN VERGARA  |  TUESDAY, 6 FEB 2018
Freedom Insurance Group has appointed an insurance expert to a newly-created chief operating officer role. Craig Orton, whose experience spans life, general, reinsurance and health insurance, joins Freedom Insurance from Suncorp, where he was executive ...