Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 101 - 110 of 393 results for "Sixth"

India Avenue fund distribution boosted

ELIZABETH MCARTHUR  |  TUESDAY, 26 MAR 2019
... world's third largest economy by 2030, behind only the US and China. Last year, India overtook France to become the world's sixth largest economy, behind the UK in fifth place. India Avenue says Australian super funds currently allocate an average of ...

Local fintech investment soars

KARREN VERGARA  |  TUESDAY, 26 FEB 2019
... according to KPMG analysis. KPMG's 2018 Pulse of Fintech report showed Australian-based Avoka and its sale to Temenos ranked sixth among the top 10 fintech deals in Asia. Manly-based Avoka, which helps financial institutions digitally transform customer ...

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... Hayne reiterated a multi-billion dollar risk commission payout that was also cited by Rowena Orr when she kicked off the sixth round of the Royal Commission hearings in September. Insurers had paid out $6.1 billion to advisers in commissions for selling ...

FSC extends life code consultation deadline

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
... product sales; improving the sale of funeral insurance and banning medical disclosure checking without reasonable grounds. The sixth round of the Royal Commission in September 2018 exposed significant issues with the life insurance industry that are ...

TAL and Zurich lead inflows, CommInsure lags: Strategic Insights

KARREN VERGARA  |  WEDNESDAY, 9 JAN 2019
... mixed result for the country's major insurers. CommInsure experienced the largest decline in customers leaving as the sixth round of the Royal Commission unfolded in September 2018. Strategic Insights found that only two life insurers posted outflows ...

Aussie companies drop dividends

KANIKA SOOD  |  MONDAY, 19 NOV 2018
... dividends, coming in at number five this third-quarter. Westpac was the world's 11th-highest dividend payer, down from the sixth spot in 2017's third quarter. ANZ came 20th, down five spots. BHP Billiton climbed up into the top twenty on the back of ...

Vamos joins embattled insurer

JAMIE WILLIAMSON  |  MONDAY, 12 NOV 2018
... Commission. Vamos is now a non-executive director on the board of Freedom Insurance Group, the insurer that was admonished in the sixth round of the Royal Commission for deliberately selling insurance products to vulnerable customers. Following shareholder ...

Magellan boosts retail push for Airlie

KANIKA SOOD  |  THURSDAY, 25 OCT 2018
... have been flagged for months. Magellan's listed investment funds held $1.3 billion at 30 June 2018, making them the sixth-largest exchange trade product issuer in Australia, ahead of ETF Securities, Russell, Platinum and UBS who bring up the rear ...

AMP defends charging dead clients

HARRISON WORLEY  |  THURSDAY, 4 OCT 2018
... deduct life insurance premiums from a deceased customer, even after AMP has been notified of their death, as revealed in the sixth round of the Commission. According to AMP, it is not inappropriate to charge members life insurance premiums after their ...

Freedom drops chief, slashes workforce

KARREN VERGARA  |  WEDNESDAY, 3 OCT 2018
... and trailing commissions from current in-force policies. The Royal Commission made a case study out of Freedom during the sixth round, when it was revealed it may have engaged in unconscionable conduct for selling policies to vulnerable customers and ...