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Showing 1161 - 1170 of 2671 results for "Purchase"

Milliman and Frontier explore new retirement product

DARREN SNYDER  |  TUESDAY, 1 NOV 2016
... converts to an immediate annuity at a guaranteed rate - the retiree will know what their annuity payments will be when they purchase the DLA. The rainy day fund would convert to an immediate annuity at the prevailing rates at the time. With a DLA, the ...

NAB Wealth reports solid growth

JAMIE WILLIAMSON  |  THURSDAY, 27 OCT 2016
... a net profit of just $352 million, down 94.4% year on year, as a result of its divestment from CYBG and Nippon Life's purchase of 80% of MLC Life. However, cash earnings rose 4.2% to $6.48 billion. Despite recent speculation, there was also no change ...

AZ NGA subsidiary makes first acquisition

JAMIE WILLIAMSON  |  MONDAY, 24 OCT 2016
... advice practice. The advisory firm, which partnered with AZ NGA three months ago, has nearly doubled its size with the purchase of Aspire Strategic Retirement Specialists (Aspire). Aspire services more than 500 clients across its three offices in North ...

N1 purchases Sydney property portfolio

ALEX BURKE  |  MONDAY, 24 OCT 2016
Mortgage broking and wealth management firm N1 Holdings has purchased a Sydney property manager and an $80 million loan book. Purchased via n1 subsidiary N1 Realty, Sydney Boutique Property was launched in 2003 and manages 162 properties - at present ...

US and China family office giants to collaborate

ALEX BURKE  |  FRIDAY, 21 OCT 2016
Two major family offices in China and the US have discussed an ongoing collaboration. Wang Jianlin, China's richest man and owner of the multinational Wanda Group, met with LDJ Capital Multi-Family Office chair David Drake to discuss working together. ...

Economic Wrap

BENJAMIN ONG  |  FRIDAY, 21 OCT 2016
Australia employment The heading of the Australian Bureau of Statistics' (ABS) "Labour Force, Australia" report says it all, "Shift to part-time employment continues". Overall employment fell by 9,800 in September following an 8,600 decline in August ...

MLC and NAB expand direct life insurance

JAMIE WILLIAMSON  |  THURSDAY, 20 OCT 2016
... available throughout NAB's 760 branches across Australia as well as online and over the phone. Customers will be able to purchase life cover via a streamlined process, MLC said. NAB Essential Life cover is an example of how the strategic alliance between ...

Portfolio rebalancing highlights adviser value

KERRIE SYDEE  |  TUESDAY, 18 OCT 2016
Portfolio rebalancing is crucial to portfolio risk management but it also demonstrates the value advisers provide to clients, according to IOOF head of product Chris Weldon. Weldon notes that rebalancing is an important risk management process and while ...

AMP Capital acquires stake in desalination plant

KERRIE SYDEE  |  MONDAY, 17 OCT 2016
... plan to Melbourne's existing water supplies, deliver of power supply for the project, operations and maintenance and the purchase of renewable energy credits. AMP Capital community infrastructure fund manager Andrea McElhinney said: "We are delighted ...

Centrepoint settles Aviva lawsuit

ALEX BURKE  |  MONDAY, 17 OCT 2016
... made a statement of claim alleging that Centrepoint's former Singaporean subsidiary, Fifth Floor, breached a 2012 share purchase agreement warranty. The warranty pertained to the sale (by Fifth Floor) of Centrepoint's other former subsidiary, Professional ...