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Showing 891 - 900 of 3462 results for "Stake"

UniSuper revamps investment team

ELIZABETH FRY  |  FRIDAY, 1 JUL 2022
... UniSuper's global equity and quant investment strategy. The privatisation of Sydney Airport - in which UniSuper has a 15% stake - and the super fund's merger with Australian Catholic Superannuation and Retirement Fund, has considerably boosted ...

ASIC urges market to improve outage resilience

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
ASIC is calling on market operators and participants to continue implementing and improving the resilience of the Australian equity market during outages. ASIC released the findings of its review into the ASX outage in November 2020 and other incidents ...

Ken Henry resigns from ASX board

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
The ASX board has announced the departure of non-executive director Ken Henry, appointing Heather Smith in the role. Henry announced his retirement, stating he will not seek re-election when his term expires at the 2022 annual general meeting. He has ...

AMP completes Resolution Life divestment

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
... AMP began its exit of the life insurance business last year flagging that it would divest the company's $524 million stake in Resolution Life. As part of this divestment agreement, AMP had to pay Resolution Life an additional $141 million because ...

Government commits to Quality of Advice Review in current form

JAMIE WILLIAMSON  |  FRIDAY, 24 JUN 2022
Minister for financial services Stephen Jones has met with independent reviewer Michelle Levy to discuss the ongoing review. In a statement, Jones confirmed he has met with Levy and supports the review continuing under its current Terms of Reference. ...

Insurers to get new advocacy body

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
Australia's life insurance industry will soon have a new peak body, the Council of Australian Life Insurers (CALI). Expected to launch later this year, CALI is the brainchild of a collective of life insurers who believe it is now time for the sector ...

Mercer appoints sustainable investment leader

CHLOE WALKER  |  TUESDAY, 21 JUN 2022
Rebecca Mather has been appointed to the role of sustainable investment leader, Pacific, following the departure of former executive Alexis Cheang. Cheang's previous role as acting global business leader, sustainable investment has now been split into ...

APRA sheds light on YFYS Performance Test

CASSANDRA BALDINI  |  THURSDAY, 16 JUN 2022
The prudential regulator has clarified Canberra's Your Future, Your Super performance test by adding new answers to its website. The test applies from July 2021, to My Super products and from July 2022 to trustee-directed products. APRA said it ...

Macquarie Asset Management appoints chief sustainability officer

JAMIE WILLIAMSON  |  WEDNESDAY, 8 JUN 2022
Macquarie Asset Management has hired from Mastercard to fill the role of chief sustainability officer. Kristina Kloberdanz has been appointed to lead the asset manager's plans to become a leader in sustainable asset management, including its net zero ...

Systemic disadvantages create retirement insecurity: HESTA

ANDREW MCKEAN  |  WEDNESDAY, 8 JUN 2022
HESTA has submitted that applying the United Nations Declaration of the Rights of Indigenous Peoples (UNDRIP) principles in Australia would lead to greater certainty and returns for super members. HESTA chief executive Debby Blakey said as a super fund ...