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

Search Results

Showing 841 - 850 of 2713 results for "Agreement"

Alex Wade leaves AMP

JAMIE WILLIAMSON  |  THURSDAY, 6 AUG 2020
AMP has announced the departure of AMP Australia chief executive Alex Wade, effective immediately. Wade tendered his resignation and AMP accepted it, the group said. Chief executive of AMP's New Zealand Wealth Management, Blair Vernon, will replace ...

BetaShares rejigs oil ETF...again

KANIKA SOOD  |  WEDNESDAY, 5 AUG 2020
... ability to implement future rolls that it saw fit in the market conditions. Additionally, BetaShares amended the swap agreement by which it gets access to the index, so that if any contract in the index slips below US$9.50, the swap will be automatically ...

Bain Capital begins restructure reckoning

ALLY SELBY  |  WEDNESDAY, 5 AUG 2020
... legacy," Scurrah added. Virgin Australia went into administration on April 21. While Virgin has entered a binding sale agreement for the business with Bain Capital, the sale is not yet complete. Bain Capital has proposed a Deed of Company Arrangement ...

SelfWealth awards brokerage mandate

ALLY SELBY  |  TUESDAY, 4 AUG 2020
... OpenMarkets, in a move that it says demonstrates the two fintech's shared objective of disrupting the status quo. The agreement will begin in January 2021 on a three-year term, with an option to extend upon mutual agreement. Since first partnering three ...

Netwealth hits fund managers with new fee

KANIKA SOOD  |  FRIDAY, 31 JUL 2020
... currently facing" and therefore will charge $1000 plus GST for FY21, after which it will go to $2000 plus GST per rebate agreement from next financial year. As an example, a fund manager offering fee rebates on one fund to 10 advisers, licensees or managed ...

CBA ups remediation bill for advice

ELIZA BAVIN  |  THURSDAY, 30 JUL 2020
... Financial remediation provision is expected to be revised to $195 million. CountPlus added it has entered into a new agreement with CBA to further increase the limit of indemnity provided to $300 million. "The potential for further increases to the indemnity ...

Garry Laurence to depart Perpetual

KANIKA SOOD  |  TUESDAY, 28 JUL 2020
... eight weeks, with the management shifting to Barrow Hanley in September. It is understood that Laurence left by mutual agreement, as Perpetual looked to cut costs by offloading the management to Barrow Hanley. He is expected to work until August and ...

Perpetual takes stake in US asset manager

JAMIE WILLIAMSON, KANIKA SOOD  |  MONDAY, 27 JUL 2020
Perpetual has acquired a 75% interest in a US-based asset manager. Perpetual has entered an agreement with BrightSphere Investment Group to acquire its stake in $64 billion Barrow, Hanley, Mewhinney & Strauss (Barrow Hanley); a global manager based ...

What to expect from the Retirement Income Review

KANIKA SOOD  |  FRIDAY, 24 JUL 2020
With the much-awaited final report expected to be handed down today, all eyes are on its findings. Here's what Rice Warner and Grattan Institute are expecting from it. A draft of the report was not circulated for stakeholder comment and the review ...

Media Super names chief operating officer

ANNABELLE DICKSON  |  FRIDAY, 24 JUL 2020
... memorandum of understanding and commenced due diligence late last month. The two industry funds are aiming for the joint agreement to be in operation in 2021, conditional on due diligence to establish the move will benefit members from both parties. ...