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Showing 81 - 90 of 174 results for "Investments business"

Outflows dent IOOF advice, funds businesses

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... Partners and Elders Financial Planning dealer groups - in October 2017. The sale of ANZ's pensions and investments business however is taking longer than anticipated as a result of APRA taking regulatory action against IOOF. ANZ said it made an agreement ...

IOOF, ANZ deal not in best interests of members: Morningstar

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
While IOOF remains confident it will be successful in acquiring ANZ's pensions and investments business, Morningstar is not convinced. Despite yesterday's news of amendments to the contract of sale agreed between IOOF and ANZ, the research house said ...

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
The sale of ANZ's pensions and investments business may take longer than anticipated with contracts now amended following APRA's regulatory action against IOOF. Providing a further update on the sale, ANZ said it has agreed an amendment with ...

IOOF appoints acting chief executive, chair

JAMIE WILLIAMSON  |  MONDAY, 10 DEC 2018
... these actions are 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. ...

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... interest existed. 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. ...

Zurich partners for future of work and insurance

JAMIE WILLIAMSON  |  TUESDAY, 13 NOV 2018
... higher levels of consumer debt and stretched welfare budgets," Shaughnessy said. Zurich's Australian life and investments business chief executive Tim Bailey said: "The responsibility for delivering solutions needs a coordinated approach between individuals ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... of $1.8 billion. In FY17, net outflows totalled $1.1 billion. Funds under management for the pension and investments business stood at $49 billion, up 3% year on year. In terms of gross margins, pension and investments, and aligned dealer groups businesses ...

Bravura live on NZ bank

KANIKA SOOD  |  MONDAY, 29 OCT 2018
... administration platform for 500,000 retail and employer members. ASB Bank's KiwiSaver, retail and group investments business will also use Sonata. More than 800,000 accounts with a total of $11 billion were migrated as a part of the implementation. ...

IOOF appoints dealer group chief

HARRISON WORLEY  |  FRIDAY, 5 OCT 2018
... finalising the acquisition, IOOF updated the market on its pending takeover of ANZ's One Path Pensions and Investments business. The wealth manager said the final completion of its purchase of the ANZ P&I business would take place after the completion ...

Platform providers crack S&P/ASX 300

KANIKA SOOD  |  FRIDAY, 7 SEP 2018
... wealth and corporate trust business jumped segment profits (before tax) by 14% and 16% respectively but the investments business' profits before tax dipped 3% as operating expenses increased. The last rebalance was on June 8. AMP slid off the S&P/ASX ...