DIVESTMENT

Funds management

Reporting a half-year profit increase of 757 per cent following multiple divestments, Pacific Current Group is now exploring existing and new investment opportunities to ...

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...

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Funds management

Westpac is to divest its final 9.5% stake in Pendal as the company looks to “simplify operations”. ...

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Financial planning

IOOF has sold its New Zealand-based IOOF Integral Trust to focus on simplifying the business around its advice-led strategy....

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Funds management

The University of New South Wales Sydney is moving away from investment in fossil fuels by 2025....

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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....

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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....

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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...

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Financial planning

More financial institutions, including a Chinese financier, two European insurers and a French asset manager, joined to restrict coal finance....

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Financial planning

AMP Limited has taken a major step in selling down its life businesses in transactions which will translate to $3.45 billion....

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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....

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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....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 4 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

3 weeks 5 days ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 4 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 3 days ago