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Showing 561 - 570 of 6769 results for "Profit"

TelstraSuper launches retirement product

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
... managing director Nick Hamilton said the group is delighted to be partnering with the fund, particularly given it is the first profit-to-member guaranteed lifetime income stream to launch under the Retirement Income Covenant. "This innovative partnership ...

Morningstar eyes super space with new hire

ANDREW MCKEAN  |  TUESDAY, 24 OCT 2023
... services, Hoven is set to further expand and enhance Morningstar's offerings in the superannuation market, extending to profit-to-member funds. He boasts an "extensive track record" of scaling wealth-focused businesses, from nurturing start-ups to spearheading ...

HUB24 farewells longstanding chair

CHLOE WALKER  |  TUESDAY, 24 OCT 2023
After nearly 12 years, HUB24 non-executive director and chair Bruce Higgins has informed the board of his plans to retire. As such, a replacement has been appointed. Higgins has served as chair since October 2012, and during his tenure saw the platform ...

Alpine Capital launches in Melbourne

CHLOE WALKER  |  FRIDAY, 20 OCT 2023
Newly formed RE Capital Advisory has teamed up with stockbroking giant Wentworth Securities (Wentworth) to launch Alpine Capital, an emerging company advisor, stockbroker, and wealth management platform. The new team at Alpine Capital includes RE Capital ...

Equity Trustees offloads Irish business

CHLOE WALKER  |  WEDNESDAY, 18 OCT 2023
Equity Trustees will sell its Irish business for a nominal sum, having reached a deal with its management team. The Irish business is being purchased via a management buyout by Equity Trustees Ireland chief executive Kevin Lavery, with additional investment ...

AIA restructures retail insurance unit

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
AIA Australia's retail insurance division has a new structure, with underwriting, new business administration, and distribution capabilities now combined. The life insurer said the change will unite the key touchpoints in the retail-advised purchasing ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... due to gains in superannuation business, according to KPMG's annual market review. Risk products recorded a $400 million profit in FY23, down from $1.2 billion in FY22, largely driven by reduced retail profitability in lump sum and disability income ...

Equip Super welcomes new chair

CHLOE WALKER  |  TUESDAY, 17 OCT 2023
... the chair of the board," Equip Super deputy chair Justine Hickey said. "I know his extensive experience and passion for profit to member organisations will steer Equip Super through the next chapter of the fund's growth trajectory." Cameron will ...

Challenger posts record annuity sales

CASSANDRA BALDINI  |  TUESDAY, 17 OCT 2023
... billion, primarily driven by its recent $619 million mandate with Aware Super. Challenger reaffirmed its FY24 normalised net profit before tax guidance range of between $555 million and $605 million. "Challenger has started FY24 well, demonstrating our ...

The ugly truth: Unattractive fund managers are investment darlings

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
According to a study by Shanghai Jiao Tong University, having a face only a mother could love pays off in funds management, as unattractive fundies outperform their good-looking peers. In the first economics study to employ a deep learning model to ...