The latest issue of Financial Standard now available as an e-newspaper | KANIKA SOOD | FRIDAY, 30 OCT 2020 12:37PMChallenger's company-wide salary freeze wasn't enough to appease shareholders, who delivered a first strike against its executive pay yesterday. |
| | | | Superannuation funds are starting to appoint external mandates again after a COVID-19-induced lull, says Pinnacle's managing director Ian Macoun. |
| | | | AMP has confirmed Ares Management has made a takeover offer to acquire 100% of AMP shares. |
| | | | Pengana International Equities (PIA) faced a first strike against its remuneration report, as about 49.9% of votes went against it. |
| | | | Link Group has rejected another offer made by the consortium which increased its bid to $5.40. |
| | | | Evans and Partners is seeking the nod from shareholders to convert its LITs to open-ended funds and to switch to Perpetual as responsible entity. |
| | | | ANZ has felt the wrath of the pandemic, reporting a 42% loss on cash profit in its full year results as it tries to protect itself from future credit losses. It has also updated its climate policy, saying it will exit thermal coal by 2030. |
| | | | An activist shareholder is asking for a cost review at Magellan's biggest client, St James Place. But the risk to Magellan is low, says Credit Suisse. |
| | | | Northern Trust Asset Management has snagged a $5 billion allocation as Vanguard reverses from special mandates in Australia and New Zealand. |
| | | | ANZ has announced a $528 million impact on its cash profit as a result of remediation costs, accelerated software costs and goodwill write off. |
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| | ANNABELLE DICKSON ASIC deputy chair Karen Chester brought to light discrepancies in Daniel Crennan's resignation statement in front of a senate hearing, clarifying the dates that he found out about the issues that led to his resignation. | KARREN VERGARA The Australian Stock Exchange has pushed back the CHESS replacement date by another year to April 2023. | | | ELIZABETH MCARTHUR The Victims of Financial Fraud (VOFF) group have written to senators slamming ASIC chair James Shipton for ignoring their requests for help but finding "time to submerge his own head in the trough allegedly at taxpayer expense". | ELIZA BAVIN HUB24 announced a series of significant transactions, including plans to acquire Xplore Wealth and the sale of its financial advice business. |
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