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Showing 61 - 70 of 273 results for %22October ANZ%22

CFS tops up Morgan Stanley mandate

KANIKA SOOD  |  WEDNESDAY, 9 JAN 2019
... managing $134 million for the FirstChoice Employer Super LifeStage funds, as at November end. The mandate was appointed on October 17. CFS says it made the change to manage the fixed interest exposures for the middle and older age cohorts in these funds ...

Super funds wield bank remuneration stick

DARREN SNYDER  |  FRIDAY, 21 DEC 2018
... domestic and international) made up 52.4% of the investor mix; and retail investors accounted for the remainder. As at 31 October, BlackRock Group was NAB's largest shareholder, holding more than 149 million shares or 5.46% of the register. The Australian ...

Grandfathered commissions: Where to from here?

JAMIE WILLIAMSON  |  WEDNESDAY, 19 DEC 2018
... commissions in consultation with the industry. Further, the tap was turned off for the group's employed advisers in 2014. In October, Commonwealth Bank began advocating for government intervention in removing grandfathered commissions for super and ...

IOOF appoints acting chief executive, chair

JAMIE WILLIAMSON  |  MONDAY, 10 DEC 2018
... already complete." Those initiatives include the acquisition of ANZ's pensions and investments business, as agreed in October 2017. ANZ said it is seeking urgent information from IOOF and APRA while also assessing its various options. The IOOF board ...

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... The news could also potentially affect IOOF's acquisition of ANZ's OnePath pension and investments business. In October IOOF said it had finalised the "substantial economic completion" of the pensions and investments business. But in an announcement ...

FSC appoints UBS, Mercer heads

KANIKA SOOD  |  WEDNESDAY, 31 OCT 2018
... Ben Walsh and UBS Asset Management Australia chief executive Bryce Doherty were elected at the annual general meeting on October 29. They replace outgoing directors ANZ deputy chief executive Alexis George and MLC Super chief executive Matthew Lawrence. ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... million on the prior year. ANZ completed the sale of its aligned dealer groups and transferred legal ownership to IOOF on 1 October 2018. One year prior, it announced it divested OnePath's pension and investments, and four aligned dealer groups to ...

Banks to answer for Hayne report

JAMIE WILLIAMSON  |  MONDAY, 8 OCT 2018
... report. The House of Representatives Standing Committee on Economics will commence its next round of public hearings on October 11, 12 and 19. The hearings will provide an important opportunity to scrutinise the bank chiefs following the Royal Commission ...

IOOF completes ANZ dealer group acquisitions

HARRISON WORLEY  |  TUESDAY, 2 OCT 2018
... announced it would divest OnePath's pension and investments and four aligned dealer groups to IOOF for $975 million in October last year. At the time, IOOF said the acquisitions would position it to be the second largest advice business in Australia ...

AMP, banks respond to RC interim report

HARRISON WORLEY  |  FRIDAY, 28 SEP 2018
... those provisions impacting on customers and retail investors," George said. This story was updated at 12:14PM, Monday 2 October 2018.