Centuria Capital Group FY18 results: Greater scale drives 29% AUM, 191% NPAT growth

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Centuria Capital Group (Centuria, ASX: CNI) has announced full-year financial results to 30 June 2018, demonstrating continued positive momentum for the growing property funds manager. FY18 highlights include: Assets under management up 29% to a new peak of $4.9 billion Operating earnings per share rose 58% to 16.3 cents[1], above the revised guidance of 15.8–16.2 […]

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Vacancy rates dip, Sydney asking rents drop

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Data released by SQM Research this week has revealed the national residential vacancy rate dipped to 2.2% in July 2018, though the vacancy rate in Sydney remains at its highest level in 13 years, which has pushed down asking rents in the nation’s biggest city. The number of vacancies Australia-wide sat at 72,458 properties. Sydney’s […]

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Columbia Threadneedle Investments appoints Head of Institutional, Australia and New Zealand

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Columbia Threadneedle Investments, a leading global asset management group, has announced the appointment of Glen Giddings, Head of Institutional, Australia and New Zealand. Glen, will report to Jon Allen, Head of Distribution, Asia Pacific, and will be responsible for developing Columbia Threadneedle’s institutional business in Australia and New Zealand with a focus on serving existing […]

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AFA meeting with the Minister for Revenue and Financial Services and an update on FASEA

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Further to our recent communications, there have been a number of consultation papers issued by FASEA regarding Professional Standards including the National Exam that has to be successfully completed by all advisers no later than 31 December 2020. We have a number of serious concerns about the proposals and the negative impact they will have […]

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TAL enters agreement to acquire Suncorp Life

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TAL Dai-ichi Life Australia Pty Limited (TAL), a leading Australian life insurance specialist, has announced that it has entered into a Heads of Agreement to acquire Suncorp’s Australian life insurance business for a cash consideration of approximately $640 million plus adjusted net worth on completion. Binding legal agreements are expected to be finalised shortly, and […]

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Zenith appoints third research analyst from financial planning firm

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Zenith has recruited a third research analyst from the financial planning industry with the appointment of James Damicoucas as Associate Investment Analyst. James will undertake fund manager research as part of Zenith’s income team, reporting to Andrew Yap, Head of Multi-Asset and Australian Fixed Income. James joins Zenith after two and a half years as […]

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Zurich announces new leadership team to drive dual proposition strategy

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Zurich has unveiled details of the executive leadership team that will take its Australian Life & Investments business forward once the acquisition of OnePath Life has completed. The composition of the new team reinforces Zurich’s commitment to a dual proposition strategy which will see the Zurich and OnePath Life brands and products continue to operate […]

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AMP reports 1H 18 results

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1H 18 underlying profit1 of A$495 million (1H 17: A$533 million) and net profit2 of A$115 million (1H 17: A$445 million). Net profit reflects advice remediation provision announced on 27 July. Strong growth in AMP Bank with earnings up 20 per cent on 1H 17. Continued momentum in AMP Capital; operating earnings up 2 per cent on […]

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Supply and demand – upward pressure on rent in the office market

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Rising land values, population growth and constrained supply of new office accommodation is likely to put upwards pressure on Melbourne office rents in the near future according to Forza Capital, a property investment provider to high net worth advisers and family office clients. “Rental growth is driven by simple economics and we are seeing demand […]

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MetLife Australia appoints Retail State Managers and Senior Underwriting Managers

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MetLife Australia has appointed Richard Holt as Head of Service Delivery, with overall responsibility for MetLife’s retail service proposition, supporting advisers and other intermediaries across new business, underwriting, and policy administration. Holt was previously Head of Sales Development at MetLife and possesses deep financial services experience, having held senior roles with MLC, BT, and Deutsche Bank. […]

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