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DIVESTMENT
Funds management
The chief executive of Pacific Current Group has told its shareholders that the firm is “flush with cash” after numerous divestments and is planning an estimated $300 mil...
Funds management
Pacific Current noted FY24 was a “transformational year” as it made multiple divestments to create a lower cost structure for the business....
Financial planning
Count has divested its Bentleys WA business for a lower purchase price than initially forecast....
Life/Risk
Commonwealth Bank has announced its divestment of 37.5% equity interest in BoCommLife to MS&AD Insurance Group Holdings has been approved by the China Banking and Insuran...
Funds management
Westpac is to divest its final 9.5% stake in Pendal as the company looks to “simplify operations”. ...
Financial planning
IOOF has sold its New Zealand-based IOOF Integral Trust to focus on simplifying the business around its advice-led strategy....
Funds management
The University of New South Wales Sydney is moving away from investment in fossil fuels by 2025....
Funds management
OneVue managing director, Connie Mckeage has remained upbeat about the company’s potential despite its Sargon transaction resulting in a $27.089 million loss....
Funds management
Commonwealth Bank of Australia has announced the completion of the divestment of its global asset management business, Colonial First State Global Asset Management....
Funds management
An AMP shareholder has called on other shareholders to reject the company chair, David Murray’s, election bid at next month’s AGM, saying that AMP’s decision to divest fr...
Financial planning
More financial institutions, including a Chinese financier, two European insurers and a French asset manager, joined to restrict coal finance....
Financial planning
AMP Limited has taken a major step in selling down its life businesses in transactions which will translate to $3.45 billion....
Financial planning
AMP has moved to float off its New Zealand wealth management business next year to create a standalone wealth management and advice business....
Life/Risk
The Commonwealth Bank has exited virtually all of its insurance exposures with the sale of 80 per cent of its Indonesian life insurance business....
Funds management
AMP Capital has completed its $440 million divestment from tobacco securities and become a founding signatory to the Tobacco-Free Finance Pledge....
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MARKET INSIGHTS
Podcast
Interesting. Would be good to know the details of the StrategyOne deal....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...
increased professionalism within the industry - shouldn't that say, FAR register almost halving in the last 24 months he...