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Showing 41 - 50 of 2104 results for "Advance"

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... the division divested 10 business units. This year, it divested BT's personal and corporate superannuation funds and Advance Asset Management to Mercer Australia. Assets for "packaged funds" decreased by $38.9 billion compared to 2022, primarily ...

Piper Alderman investigates second CFD class action

CHLOE WALKER  |  WEDNESDAY, 25 OCT 2023
... financial situations and where the risks of investing were inadequately disclosed. It is anticipated the class action will advance the allegations of "unconscionable, misleading, and deceptive", Piper Alderman said. It's believed those eligible to take ...

Mass-affluent population key to insurer sustainability: Report

JAMIE WILLIAMSON  |  FRIDAY, 20 OCT 2023
The world's 40 largest life insurers face huge sustainability challenges, as a new report shows they will see close to $13 trillion in outflows between now and 2040. Capgemini's World Life Insurance Report 2023 shows policyholders aged 65 and ...

Lack of income stream drags local retirement system: Report

JAMIE WILLIAMSON  |  WEDNESDAY, 18 OCT 2023
... ranked sixth, it's still only a B+ grade. The report said the introduction of a compulsory retirement income stream could advance Australia's result, saying the improvement was primarily driven by higher mandatory contributions and increased pension ...

MaxCap, Australian Unity in social infrastructure partnership

CHLOE WALKER  |  FRIDAY, 13 OCT 2023
The real-estate investment manager has joined forces with Australian Unity and UniLodge to develop $1 billion of new purpose-built student accommodation (PBSA) assets across Australia. The social infrastructure strategy is focused on meeting the increasing ...

EQT buys VetPartners

CHLOE WALKER  |  THURSDAY, 12 OCT 2023
The Swedish-based firm will acquire VetPartners from National Veterinary Associates (NVA) via its BPEA Private Equity Fund VIII. As a part of the transaction, BPEA VIII is expected to be 35-40% invested in VetPartners, subject to customary regulatory ...

Global economy 'remarkably resilient', faces growth challenges: IMF

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
The global economy has shown "remarkable resilience" stemming from a strong demand for services and "tangible progress" in combatting inflation, International Monetary Fund (IMF) managing director Kristalina Georgieva said. In a speech in Abidjan, Ivory ...

La Trobe University appoints lead for $200m campaign

CHLOE WALKER  |  FRIDAY, 6 OCT 2023
Following an extensive national recruitment process, Margo Powell has been appointed as La Trobe University's chief advancement officer to drive fundraising. Joining from Queensland University of Technology, Powell brings over 20 years' experience in ...

Family office executives take investment reins: Ocorian

CHLOE WALKER  |  THURSDAY, 5 OCT 2023
Improved professionalisation has seen a "significant transformation" in the family office sector, with executives increasingly empowered to manage family assets in-house, according to a new study by Ocorian. As part of the study, conducted earlier in ...

ANZ hit with $15m penalty for misleading customers

ANDREW MCKEAN  |  TUESDAY, 26 SEP 2023
... both the ASIC and the National Consumer Credit Protection Act by falsely indicating that customers could access a cash advance from funds listed as 'Available Funds' without incurring additional fees or interest. ASIC deputy chair Sarah Court said: "Customers ...