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Life insurers recognised for innovation

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... Rider), the Customer Service Award for Life Companies and the Income Protection Award (My Protection Plan - IP Cover). TAL took home the Term Life Award (Lifetime Protection). The new Debt Insurance Award went to MLC Life (Debt Insurance) and new Tailored ...

ANZ sees profits plummet, plans to exit thermal coal

ANNABELLE DICKSON  |  THURSDAY, 29 OCT 2020
... million impairment of its Asian banking investments, PT Panin and AmBank, due to the pandemic. The bank provided an update on home loan deferrals, with more than half of the 95,000 that deferred have completed the deferral and 79% of those are returning ...

Frontier Advisors eyes international clients

KANIKA SOOD  |  WEDNESDAY, 28 OCT 2020
... about for a long time," says Frontier Advisors chief executive Andrew Polson. And it is looking for opportunities both at home and overseas. Locally, Frontier is tapping into what it calls emerging institutional investors (endowments, universities, insurers) ...

Chief economist update: The recession is over

BENJAMIN ONG  |  WEDNESDAY, 28 OCT 2020
... are slanted towards technology. It has benefitted from the "zoom boom" that has taken off during these days of working from home. South Korea's exports jumped by 15.6%in the third quarter compared to the previous three months -- the fastest rate ...

HUB24 to acquire Xplore, offloads Paragem

ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
... representing a 38% premium to the company's closing price yesterday. According to Rainmaker data, Paragem is currently home to 76 financial advisers. Following the transaction, Easton - which already owns GPS Wealth - will be the fifth largest dealer ...

Chief economist update: Victoria's victory

BENJAMIN ONG  |  TUESDAY, 27 OCT 2020
... starting at one minute before the stroke of midnight on October 27. Freedom! From this moment, "Melbourne will move from "stay home" to "stay safe", with no more restrictions on the reasons to leave home" but the 25-kilometre limit and the hard border ...

ASIC chair steps aside pending pay review

JAMIE WILLIAMSON, KANIKA SOOD, ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... ASIC will deal with ANAO reports more efficiently. ASIC's commissioners are also well paid, with Catherine Armour taking home the most of the cohort at $610,216 for the year. Sean Hughes was the second-best-paid commissioner at $604,106, followed ...

NAB adds to wealth client remediation

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... addition, the bank has plans to consolidate its Melbourne office space as a result of the pandemic with more staff working from home. The remediation provisions and impairment charge is set to reduce its common equity tier one capital ratio by around ...

AMP Capital bets on AI

ELIZA BAVIN  |  FRIDAY, 23 OCT 2020
... to be able to react and adapt to industry change, and with COVID-19, people need to feel safe and comfortable when leaving home to work or shop." In addition, Lepore said the system will also consider the building occupancy when producing predictions ...

Chief economist update: The UK's new plan... after two plans

BENJAMIN ONG  |  FRIDAY, 23 OCT 2020
Multiplying rates of coronavirus infections forced the UK government to impose strict lockdown measures, giving "bobbies" power to fine people leaving their homes for "non-essential" reasons on March 23. These restrictions were then gradually eased ...