Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 621 - 630 of 3426 results for "Update"

How AMP plans to bounce back

JAMIE WILLIAMSON  |  FRIDAY, 20 MAY 2022
... business has been running at a loss in recent years and is projected to do so again this year, she said. In its recent update, AMP reported net cash outflows for the wealth management business of $1.3 billion. "We are accelerating the transformation ...

Brookfield pursues asset management spin-off

JAMIE WILLIAMSON  |  FRIDAY, 13 MAY 2022
... shareholder feedback, Brookfield has confirmed it will spin off its asset management business later this year. In a company update, Brookfield said it would own 75% of the new entity while 25% would be distributed to shareholders before the end of the ...

ASX CHESS replacement delayed again

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... further delays back in March, the ASX has today confirmed the CHESS replacement will not be ready by April 2023. In an update, the ASX said the April 2023 go-live is no longer viable. "This decision reflects the delay to the remaining delivery of application ...

Magellan appoints new chief executive

JAMIE WILLIAMSON  |  WEDNESDAY, 11 MAY 2022
... around the departure of founder and chief investment officer Hamish Douglass. In its most recent funds under management update, published this week, Magellan reported a further $1.4 billion drop in FUM during the month of April. In March it saw $1.1 ...

Woolworths scraps AMP super mandate

ANDREW MCKEAN  |  FRIDAY, 6 MAY 2022
... Australian Retirement Trust to manage 30,000 employees' superannuation. In a Q1 2022 assets under management and cashflows update to investors, AMP said the conclusion of its mandate as Woolworths' corporate super provider is expected in the ...

Further $1.4bn FUM drop at Magellan

JAMIE WILLIAMSON  |  THURSDAY, 5 MAY 2022
In an update to the ASX this morning, Magellan Financial Group reported its funds under management dropped by a further $1.4 billion in the month to April 29. Magellan's funds under management now sits at $68.6 billion, down from $70 billion at ...

MLC Life Insurance joins forces with Insignia Financial

ANDREW MCKEAN  |  WEDNESDAY, 4 MAY 2022
The new claims experience will provide members with greater choice in how they lodge and track their claim. It will also enable submissions to be assessed sooner. From today, MLC MasterKey and Plum Super members insured by MLC Life Insurance will be ...

Future Fund battles challenging markets

CHLOE WALKER  |  TUESDAY, 3 MAY 2022
... holdings slipped 1.5% over the three months ended March 31, now sitting just shy of $201 billion. In its latest portfolio update, Future Fund saw a return of 11.8% for the 12 months to March 31, exceeding its target of 9.1%. It's funds under management ...

NAB evades AUSTRAC fine for non-compliance

ANDREW MCKEAN  |  MONDAY, 2 MAY 2022
... assessing the likely costs of delivering the requirements of the enforceable undertaking and it said it will provide an update at its half-yearly results later this week. Irrespective of NAB's individual circumstances, notably AUSTRAC's 2021 major banks ...

CPI sees greatest jump since 2000

JAMIE WILLIAMSON  |  THURSDAY, 28 APR 2022
The Consumer Price Index (CPI) rose 2.1% in the March quarter and 5.1% annually - the greatest increases since the introduction of the Goods and Services Tax in 2000. The growth, revealed by the Australian Bureau of Statistics (ABS) yesterday, came ...