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Showing 581 - 590 of 1849 results for "Mind"

IOOF posts profit, restructures business

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
IOOF posted a net profit of $147 million for FY20, while also announcing a range of changes to its advice businesses as part of its advice transformation. IOOF announced its Bridges business will be transformed into a fully salaried network, while it ...

HESTA partners for global equities

JAMIE WILLIAMSON  |  MONDAY, 31 AUG 2020
HESTA has entered into an international equities partnership with a specialist global manager, expanding on an existing mandate. Martin Currie Investment Management will become the underlying investment manager for a new global equities portfolio for ...

IOOF buys MLC Wealth for $1.4bn

ELIZA BAVIN  |  MONDAY, 31 AUG 2020
Wealth manager IOOF has launched a $1 billion capital raising to help fund the acquisition of MLC Wealth in a deal worth $1.4 billion. The agreement follows the announcement by NAB in 2018 to exit the business, saying the decision is in line with its ...

Chief economist update: Japan economy tanks depsite looser restrictions

BENJAMIN ONG  |  THURSDAY, 27 AUG 2020
If a technical recession is defined as two successive quarters of negative growth, what do you call a period where the economy contracts for three straight quarters... and counting? Japan may have imposed less stringent coronavirus containment measures ...

Australian Ethical benefits from seismic cultural shift

ALLY SELBY  |  WEDNESDAY, 26 AUG 2020
... changed dramatically over the last 12 to 24 months." Sustainability and the vulnerability of the planet are now "front of mind" for Australian consumers, he added. "There's a heightened awareness about the vulnerability of the planet; we've gone ...

Citi hires new banking, wealth lead

ALLY SELBY  |  WEDNESDAY, 26 AUG 2020
Citi Australia has appointed a new head of its banking and wealth management distribution business. After more than 10 years with the bank, Gofran Chowdhury has nabbed the role, and will now lead the sales and distribution division within Citi Australia's ...

Melbourne boutique wins Crestone allocation

KANIKA SOOD  |  TUESDAY, 25 AUG 2020
Crestone Wealth Management has allocated to a Melbourne boutique's real assets fund that targets 7-11% per year in returns while aiming for a measurable social impact. The HNW advice firm will use Conscious Investment Management's impact fund, which ...

Challenger launches new lifetime annuity

KANIKA SOOD  |  MONDAY, 24 AUG 2020
... receive higher annuity payments as the RBA cash rate increases. Challenger's lifetime annuity provides customers with peace of mind and enables them to look forward with confidence by having certainty of income for life. Payments will move in line with ...

Impact investors team up for $48m investment

KANIKA SOOD  |  WEDNESDAY, 19 AUG 2020
A freshly-minted Melbourne real assets boutique is leading a consortium of investors including the influential Ramsay Foundation to pour $48 million into 60 disability accommodation apartments. Conscious Investments Management is partnering with The ...

Young-old wealth gap widest in 18 years

KANIKA SOOD  |  MONDAY, 17 AUG 2020
... relative wealth and wellbeing of 25 to 34 year olds is the lowest in 18 years. The Actuaries Institute's publication Mind the Gap - The Australian Actuaries Intergenerational Equity Index (AAIEI) tracked 24 indicators across six domains relating ...