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Showing 41 - 50 of 174 results for "Investments business"

AIA sells super, investments business

JAMIE WILLIAMSON  |  THURSDAY, 24 FEB 2022
AIA is offloading its $8 billion superannuation and investments business to Resolution Life. In an announcement today, AIA said the sale will allow the insurer to focus on its core business of life and health insurance and wellbeing services. AIA came ...

Former Spaceship chief executive banned

JAMIE WILLIAMSON  |  FRIDAY, 21 JAN 2022
... assessments on his behalf. The investigation found Paul Kevin Bennetts, who led both Spaceship's managed investments business and super fund for two years, dishonestly obtained his Australian Institute of Company Directors qualification by having ...

IOOF completes platform overhaul

KARREN VERGARA  |  THURSDAY, 9 DEC 2021
The integration of IOOF's legacy superannuation and investments platform has now finalised. Proprietary platform Evolve currently houses more than 55,000 clients and $17.5 billion in funds under management. In total, Evolve has about 275,000 adviser ...

CBA receives regulatory approval for CFS sale

CHLOE WALKER  |  TUESDAY, 23 NOV 2021
Commonwealth Bank of Australia (CBA) today announced all regulatory approvals have been received for the sale of a 55% interest in Colonial First State (CFS) to leading global investment firm KKR. The transaction is expected to complete on 1 December ...

BT confirms changes to super business

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... after it was determined to lack sufficient scale. Also piled into the new division was its wealth platforms, investments business, general and life insurance, and auto finance. In August this year the sale of the life insurance business was announced ...

IOOF restructures technology division

ANNABELLE DICKSON  |  FRIDAY, 8 OCT 2021
... the wider IOOF business. This includes the first full 12 months of contribution from ANZ's Pensions and Investments business, and a month of MLC. Meanwhile, underlying NPAT grew 19% to $147.8 million. Reported net loss after tax of $143.5 million ...

CFS reduces premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
... the lowest possible price." CFS is in the process of establishing itself as a standalone superannuation and investments business following the sale of a 55% stake to global private equity giant KKR, which is expected to be completed in the coming months. ...

CFS drops admin fees on FirstChoice Employer Super

KANIKA SOOD  |  TUESDAY, 31 AUG 2021
Colonial First State yesterday said it will drop the administration fees on its FirstChoice Employer Super products from, ahead of the Your Future, Your Super test results today. Effective October, CFS will charge FirstChoice Employer customers 30bps ...

IOOF posts $143.5m loss for FY21

KANIKA SOOD  |  THURSDAY, 26 AUG 2021
... from the wider IOOF business. This includes the first full 12 months of contribution from ANZ's Pensions and Investments business, and a month of MLC. Underlying NPAT was $147.8 million (up 19%). Reported net loss after tax of $143.5 million was driven ...

CFS appoints risk chief from MLC

ELIZABETH MCARTHUR  |  MONDAY, 23 AUG 2021
... and consultant to institutional investors. Following that, Lane was chief operating officer for Mercer's investments business in Asia Pacific, while also consulting to wealth businesses, superannuation trustees and other institutions. He would eventually ...