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Showing 741 - 750 of 5801 results for "West"

Junk insurance lands Westpac in court

KARREN VERGARA  |  THURSDAY, 8 APR 2021
ASIC is taking Westpac to the Federal Court, alleging it sold junk credit insurance to 384 customers that did not want it and whose accounts were unlawfully debited to pay for the premiums. The corporate regulator has exposed dodgy sales of add-on insurance ...

Elston grows distribution team

ANNABELLE DICKSON  |  WEDNESDAY, 7 APR 2021
Elston Asset Management has made two additions to its distribution team, hiring from Morningstar and Lonsec. Samantha Woodham has joined as a senior business development manager for Queensland and Western Australia. She was previously at Morningstar ...

Hostplus wins mandate

KANIKA SOOD  |  TUESDAY, 6 APR 2021
Hostplus has been chosen as successor fund for about $210 million of member assets from AUSfund, as the latter closes its doors after 33 years. AUSfund, which was set up as a fund for unclaimed or dormant superannuation funds, is owned by an Industry ...

Risk inflows stagnant, satisfaction varies

ANNABELLE DICKSON  |  WEDNESDAY, 31 MAR 2021
Risk premium inflows experienced marginal decreases in the 12 months to December 2020 as the gap in consumer satisfaction grows, new research shows. The latest data from Plan For Life showed total inflows increased 0.5% to $16.3 billion with just a ...

DDO to simplify general, personal advice

ANNABELLE DICKSON  |  TUESDAY, 30 MAR 2021
The outcome of the High Court decision on general advice will have an interesting and simplifying effect on the design and distribution obligations coming into effect later this year, according to a lawyer. Speaking at a Financial Services Council (FSC) ...

Lowy-backed Assembly acquires childcare centres

ELIZABETH MCARTHUR  |  TUESDAY, 30 MAR 2021
The Lowy Family Group backed Assembly Funds Management has acquired six early learning centres in North West Sydney. The acquisition is in partnership with Harrington Property Funds Management and will see the six childcare centres operated by Young ...

ABC, ISH arrangement faces scrutiny

KARREN VERGARA  |  MONDAY, 29 MAR 2021
APRA is facing mounting pressure to investigate the complex arrangements and quantify the financial terms between industry superannuation funds and the ABC, a parliamentary inquiry heard this morning. The prudential regulator, which appeared before ...

K2 Asset Management co-founder exits board

KANIKA SOOD  |  MONDAY, 29 MAR 2021
Mark Newman, who co-founded K2 Asset Management, has resigned from its board. Newman co-founded the funds management business in 1999 with Campbell Neal, who stays as the managing director. K2 Asset Management has named its head of research George Boubouras ...

Westpac considering NZ demerger

ANNABELLE DICKSON  |  THURSDAY, 25 MAR 2021
Westpac has revealed it is in the early stages of reviewing the feasibility of its 160-year-old New Zealand division as capital requirements ramp up. Westpac noted the NZ business continues to perform well but the regulatory requirements in New Zealand ...

AustralianSuper adds to investment committee

KANIKA SOOD  |  THURSDAY, 25 MAR 2021
AustralianSuper last month added a former Goldman Sachs Australia managing director and partner to its investment committee. Pippa Downes was appointed to AustralianSuper's investment committee by ACTU Super Shareholdings Pty Ltd and the Ai Group last ...