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Showing 41 - 50 of 509 results for "Purchasing"

AIA restructures retail insurance unit

CASSANDRA BALDINI  |  WEDNESDAY, 18 OCT 2023
... distribution capabilities now combined. The life insurer said the change will unite the key touchpoints in the retail-advised purchasing journey, offering advisers more straightforward processes to assist their clients. Chief partnership distribution ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... misleading conduct did not occur. Accordingly, the Plaintiffs and Group Members suffered loss and damage as a result of purchasing AMP securities during the Relevant Period at an inflated price," court documents show. AMP closed its books on the first ...

UniSuper awards impact mandate, inks industrial deal

CHLOE WALKER  |  TUESDAY, 25 JUL 2023
UniSuper signed an exclusive institutional mandate with a boutique impact investor, while also purchasing an industrial portfolio from a major global pension fund worth more than $1 billion. The $120 billion super fund has mandated NorthStar Impact ...

Super framework ideal for advice: Jones

KARREN VERGARA  |  MONDAY, 17 JUL 2023
... his rationale, Jones said many members make decisions as a household, not as an individual. Such decisions range from purchasing a home to getting married to a partner retiring. "How does any income stream that I set up interact with a government pension ...

Warakirri buys almond farm

CHLOE WALKER  |  MONDAY, 3 JUL 2023
Warakirri's Diversified Agriculture Fund has made its first exposure to the nut complex, purchasing an almond farm in Victoria. In a $30 million off market deal, the fund's sixth investment is in the Sunraysia region on the Murray River and is one of ...

The boomer boom is over: AUSIEX

CHLOE WALKER  |  TUESDAY, 27 JUN 2023
... off than their parents. "The recent burst of inflation, plus the focus on stifling wages growth that reduces their purchasing and savings power could mean that their prospects are even more difficult," Salis wrote. "The superannuation industry does not ...

Investors trust ChatGPT for advice

KARREN VERGARA  |  MONDAY, 26 JUN 2023
... included in the recommendation, GPT-4 cannot offer assistance in implementing the portfolio, such as opening an account, purchasing and rebalancing portfolio components. "Thus, while GPT-4 does well in matching investor profiles to specific portfolios ...

Former Big Un executive smacked with insider trading charge

ANDREW MCKEAN  |  WEDNESDAY, 14 JUN 2023
... allegations surfaced that it was paying commissions to a financial entity that was providing loans to shareholders purchasing its shares. The company was liquidated in 2019 after internal audits revealed an unstainable loss-making operation with $50 ...

Vanguard fined for defective account statements

KARREN VERGARA  |  MONDAY, 5 JUN 2023
... Another bungle wrongly reflected margin credits and debits for 57,000 customers - such as paying down margin debt or purchasing a security on margin-as market appreciation or depreciation when there was an open position across multiple months. For some ...

Search funds beat VC, private equity returns

CASSANDRA BALDINI  |  THURSDAY, 20 APR 2023
... excess of 30%. Developed by universities Harvard and Stanford in 1984, the search fund model supports entrepreneurs in purchasing a single small business by kicking off a capital-raising process where around $500,000 to $700,000 is initially secured ...