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Showing 1 - 10 of 100+ results for "Divestment"

CFS targets adviser market

KARREN VERGARA  |  THURSDAY, 2 DEC 2021
... the MySuper products. They're approximately 10% of our superannuation business," Bryce said. Commenting on the divestment, CBA chief executive Matt Comyn said: "The sale completion represents an important milestone in CBA's strategy to focus ...

CBA receives regulatory approval for CFS sale

CHLOE WALKER  |  TUESDAY, 23 NOV 2021
... global investment firm KKR. The transaction is expected to complete on 1 December 2021. CBA first announced the CFS divestment to KKR for $1.7 billion last May but faced backlash from the unions with the ACTU arguing it would not be in the best interest ...

AMP officially exits life market

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 NOV 2021
With the complete divestment of its equity interest in Resolution Life, AMP has officially exited the life insurance business. AMP today divested its 19.13% holding in Resolution Life for $524 million. The sale of this holding completes AMP's exit ...

Retail, corporate funds lack transparency on ESG votes

KARREN VERGARA  |  TUESDAY, 7 SEP 2021
... management. This tool is under-utilised by super funds, who are often expressing their frustration with companies through divestment," he said.

Transition to renewables trumps divestment

KARREN VERGARA  |  WEDNESDAY, 1 SEP 2021
Asset owners are increasingly opting to transition to renewable energy rather than take the blunt approach of divestment, an industry event revealed. Mercer senior sustainable investment specialist Jillian Reid spoke at the Australian Institute of Superannuation ...

ClearView offloads advice unit

KARREN VERGARA  |  WEDNESDAY, 25 AUG 2021
... licences at the end of FY21. LaVista had 34 adviser practices with 106 financial advisers using its services. After the divestment, ClearView will have its life insurance and wealth management businesses left. "The deal with Centrepoint Alliance provides ...

CFS appoints risk chief from MLC

ELIZABETH MCARTHUR  |  MONDAY, 23 AUG 2021
... held several senior leadership roles at Westpac and BT, including as the mergers and acquisitions lead for a number of divestment initiatives. Lane also spent almost 15 years at Mercer, holding senior roles in Sydney and London. After joining the firm ...

UniSuper moves on climate targets

ANNABELLE DICKSON  |  THURSDAY, 19 AUG 2021
... helping them progress toward these targets represents a more meaningful contribution to achieving the Paris goals than divestment - which effectively transfers fossil fuel exposures." The fund has maintained carbon intensity a third below market benchmarks ...

Class makes acquisition, profit down

ANNABELLE DICKSON  |  TUESDAY, 17 AUG 2021
... its full-year results, statutory net profit was down 46% to $3.7 million with a $3.2 million loss attributed to the divestment of Philo Capital Advisers. Meanwhile, operating revenue was up 25% to $54.9 million and EBITDA was up 15% to $21.9 million. ...

Praemium appoints chief executive

KANIKA SOOD  |  THURSDAY, 12 AUG 2021
... consolidation, when we are experiencing very strong growth across all parts of our business and we have commenced the divestment process for our UK and international business, the board is delighted Anthony has agreed to accept the permanent appointment ...
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