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Showing 10551 - 10560 of 21783 results for "Dec"

Strategy Steps sold to knowIT

KERRIE SYDEE  |  THURSDAY, 13 OCT 2016
Financial planning support business Strategy Steps has been sold to software product and services company knowIT to allow for greater digitalisation of the service. Effective from 1 October 2016, the sale of Strategy Steps will let previous owners Louise ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 13 OCT 2016
Australia consumer sentiment The Westpac-Melbourne Institute index of consumer sentiment improved to 102.4 in October, up by 1.1% from September's 101.4 reading. October's figure is the third straight month of improving sentiment after the index hit ...

ASIC finds life claim rates wildly inconsistent

ALEX BURKE  |  WEDNESDAY, 12 OCT 2016
ASIC has found a "considerable variation" in denied claims across life insurers, with TPD denial rates as high as 37% in one instance. The regulator has issued its industry review of life insurance claims, and found that while the majority (90%) of ...

CommInsure continues to be investigated

DARREN SNYDER  |  WEDNESDAY, 12 OCT 2016
ASIC is declining to update its position on potential outcomes of the regulator's CommInsure investigation. ASIC is working closely with APRA during its CommInsure investigation and the former said it has obtained about 60,000 documents for consideration. ...

CBA chair steps down

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2016
Commonwealth Bank chairman David Turner will retire from the board at the end of the year, to be replaced by a current non-executive director. Having served on the CBA board for a decade and as chairman since 2010, Turner said he has greatly enjoyed ...

Perpetual Global Share Fund strengthens defence

MARK SMITH  |  WEDNESDAY, 12 OCT 2016
Perpetual has upped the cash weighting in its Global Share Fund and decreased its exposure to cyclical stocks on concerns the end of the economic cycle is approaching. The fund has increased its cash allocation to 18%, up from a five-and-a-half year ...

New life code could go further: lawyer

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2016
Prominent legal firm Slater and Gordon believes the Life Insurance Code of Practice is a missed opportunity to fix serious systemic problems in the industry. Several life insurers welcomed the Code issued by the Financial Services Council (FSC) yesterday ...

Economic Wrap

BENJAMIN ONG  |  WEDNESDAY, 12 OCT 2016
Australia business confidence The latest NAB monthly business survey's business confidence index came in at +6 in September, unchanged from August and is consistent with its +6 long-term average. The business conditions index rose to +8 in September ...

Dunsford explains backpedal at EGM

JAMIE WILLIAMSON  |  TUESDAY, 11 OCT 2016
Mark Dunsford has explained his decision to withdraw the motion to change the Association of Financial Advisers' (AFA) Constitution at the recent extraordinary general meeting (EGM). The director of Dunsford Financial Planning and leader of the Life ...

BKI makes $4.2m acquisition

ALEX BURKE  |  TUESDAY, 11 OCT 2016
BKI Investment Company is acquiring an unlisted investment company for $4.2 million. In an ASX statement, BKI's board said the acquisition will "benefit existing BKI shareholders by increasing the size of BKI's portfolio in a cost-effective manner." ...