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Showing 51 - 60 of 118 results for "news.com"

Super fund names new chief investment officer

ELIZA BAVIN  |  WEDNESDAY, 22 JAN 2020
The chief investment officer from Media Super has jumped ship to take on the same role at another industry fund. Legalsuper announced Norman Zhang will commence as the fund's new chief investment officer at the beginning of March this year. Just yesterday ...

OnePath introduces long-term premium projections

ELIZA BAVIN  |  MONDAY, 28 OCT 2019
OnePath Life has launched 10-year premium projections on alteration quotes in a bid to provide greater clarity for financial advisers and their clients. The insurer said the projections, for existing OneCare and OneCare Super policies, will enable advisers ...

ANZ remediation costs break $1 billion

ELIZA BAVIN  |  TUESDAY, 8 OCT 2019
The additional charges have pushed the total customer refunds paid by the bank to over $1 billion. The bank said $405 million is the result of fee and interest calculations following reviews of Australian retail and commercial products. Another $154 ...

Morgans snaps up CommSec Advisory business

ELIZA BAVIN  |  TUESDAY, 24 SEP 2019
Morgans has acquired CommSec Advisory for an undisclosed sum, after winning a tender conducted by the Commonwealth Bank of Australia. There are about 18 financial advisers in the team who collectively manage around $4 billion on behalf of clients. Both ...

Big banks forced to cut costs: Perennial Value

ELIZABETH MCARTHUR  |  WEDNESDAY, 1 MAY 2019
Despite a positive economic and regulatory outlook, Australia's big banks will look to cut costs as the fallout from the Royal Commission continues. That is the view of Perennial portfolio manager Andrew King, who said ongoing efforts to remediate customers ...

BetaShares receives Zenith rating

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
BetaShares has been awarded a recommended rating from Zenith for its Australia 200 ETF (ASX: A200). BetaShares says A200 is the lowest cost Australian ETF globally, providing access to the largest 200 stocks by market capitalisation listed on the ASX. ...

State Street flags job cuts

JAMIE WILLIAMSON  |  MONDAY, 21 JAN 2019
State Street will shed 6% of its global workforce in high cost locations as it looks to streamline processes via automation. Detailed in financial results released over the weekend, State Street will cut about 1500 employees in response to challenging ...

Nicholas Moore to retire from Macquarie Group

HARRISON WORLEY  |  THURSDAY, 26 JUL 2018
The chief executive and managing director at one of Australia's largest diversified financial services groups will retire in November. Replacing Moore in the top seat at Macquarie Group will be current group head of the firm's asset management ...

Charges laid in ANZ criminal cartel conduct case

KANIKA SOOD  |  TUESDAY, 5 JUN 2018
Six senior executives from ANZ, Deutsche Bank and Citigroup will face a Sydney Court next month after the Commonwealth Director of Public Prosecutions (CDPP) laid charges against the cohort today. Executives facing criminal conduct charges have been ...

IPS triples funds under administration

HARRISON WORLEY  |  MONDAY, 21 MAY 2018
Independent investment and SMSF platform owner Integrated Portfolio Solutions (IPS) tripled its funds under administration over the past three years as it experiences inflows courtesy of advisers and family offices. The platform provider recently passed ...