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Showing 6481 - 6490 of 19591 results for "RIS"

Deutsche Bank and Commerzbank merger likely

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAR 2019
Deutsche Bank confirmed it is in discussions with Commerzbank, but say there is "no certainty any transaction will occur." Deutsche Bank chief executive Christian Sewing said in a letter to employees: "Today we have informed the public that, in the ...

UK to introduce new pension scheme

KANIKA SOOD  |  TUESDAY, 19 MAR 2019
The UK has green flagged a new type of pension scheme on the back of union demand, joining Denmark and Netherlands which use a similar system. The new collective defined contribution (CDC) will allow employers to pool together group contributions while ...

Industry fund executive takes new role

HARRISON WORLEY  |  TUESDAY, 19 MAR 2019
The chief risk and compliance officer of an industry superannuation fund managing more than $6 billion has made the move to a bigger fund. Vision Super is welcoming Nikki Schimmel to the fold, after the former LUCRF chief risk and compliance officer's ...

IOOF faces class action

KANIKA SOOD  |  MONDAY, 18 MAR 2019
The lawyer who led $300 million of claims during the Storm Financial crisis is preparing a class action against IOOF. Quinn Emanuel partner Damian Scattini said the firm will next week file a claim in the Supreme Court of New South Wales. The class ...

Blue Sky loses chief financial officer

JAMIE WILLIAMSON  |  MONDAY, 18 MAR 2019
The chief financial officer of Blue Sky Alternative Investments has resigned after just two months in the role. Elizabeth Walker joined Blue Sky on 14 January, however it was announced today she has resigned from the post. A statement from the embattled ...

RBA issues stern climate change warning

ELIZABETH MCARTHUR  |  MONDAY, 18 MAR 2019
The Reserve Bank of Australia says the economy faces an "abrupt" blow to financial stability from climate change. In a speech, RBA's deputy governor Guy Debelle said climate change will likely have a permanent effect on the Australian economic landscape. ...

Deputy chief executive departs industry fund

HARRISON WORLEY  |  MONDAY, 18 MAR 2019
The deputy chief executive of a $5 billion industry superannuation fund has departed. Media Super confirmed the departure of deputy chief and general manager of operations, Michael Rooney. Rooney - who has served the fund for 16 years, including five ...

TAL goes back-to-back at AFA awards

HARRISON WORLEY  |  MONDAY, 18 MAR 2019
TAL went back-to-back, winning the Association of Financial Advisers' Life Company of the Year award for a second year running in Sydney recently. The life insurer took home the top gong as Platinum Winner of the AFA Life Company of the Year Award ...

Brookfield acquires 62% of Oaktree Capital

KANIKA SOOD  |  FRIDAY, 15 MAR 2019
Brookfield Asset Management is set to acquire 62% of Oaktree Capital, creating a $672 billion alternative investment behemoth. The 120-year-old Canadian firm will pay roughly $6.8 billion for the stake in Oaktree Capital. Following the transaction ...

NFP super funds rise to occasion post-Royal Commission

KARREN VERGARA  |  THURSDAY, 14 MAR 2019
While industry funds emerged largely unscathed from the Hayne Royal Commission, it is more critical than ever for not-for-profit funds to be exemplary in terms of practices and performance. This was a key message at this year's Conference of Major Super ...