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Showing 1261 - 1270 of 3930 results for "November"

AIA income protection premiums jump

ELIZABETH MCARTHUR  |  FRIDAY, 14 FEB 2020
... address these challenges, the first move Nippon Life made was to amend its income protection policies. KPMG research from November 2019 found that profitability in life risk insurance in Australia had dropped to the extent the industry is now loss-making. ...

Macquarie quietly rolls out low-cost platform menu

HARRISON WORLEY  |  FRIDAY, 14 FEB 2020
... investment menu option for less complex clients, in the form of Macquarie Consolidator Engage. Quietly introduced in late-November, the new option charges clients a flat administration fee of $240 per year deducted monthly and offers "a number of" separately ...

AMPFPA action progresses, associations merge

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2020
... counsel that any action against AMP would be costly and extremely protracted. Macdonald has met with AMP four times since November to discuss possible solutions but said there has been little progress, he said. "Most of our members who are staying want ...

Pendal cuts fees on equities fund

KANIKA SOOD  |  TUESDAY, 11 FEB 2020
... in Samsung Electronics (9.2% of the portfolio), Tencent (5.5%) and Naspers (3.9%) at December end. The fund started in November 2012 and had $334 million in total assets at end of last year. "Pendal regularly reviews all our products to ensure we offer ...

ISA demands pull Combet from ME Bank

HARRISON WORLEY  |  MONDAY, 10 FEB 2020
... industry super heat up. Combet is departing the industry fund-owned bank after five years on the board, which commenced in November 2014. The former Labor minister said his chairmanship of both IFM Investors and Industry Super Australia required more ...

Most complained about super funds revealed

JAMIE WILLIAMSON  |  FRIDAY, 7 FEB 2020
... first eight months of operation shows an almost even split between industry and retail funds. AFCA started operating on 1 November 2018 and data released by the body late last year shows the complaints received and processed between that date and 30 ...

Asset manager to be liquidated

ELIZA BAVIN  |  WEDNESDAY, 5 FEB 2020
... mandate to provide fund and tax accounting, pricing, unit registry and administration services. AFCA data released in November 2019 shows Global Merces has a 100% non-response rate when it comes to complaints. AFCA received four complaints against Global ...

PIMCO puts Aussie LIT on ice

KANIKA SOOD  |  MONDAY, 3 FEB 2020
... Treasury conducts a public consultation on stamping fees for LICs and LITs. PIMCO announced plans to raise for the LIT in November last year, in what was to be a first for the company in Australia. The vehicle would invest in global credit markets and ...

Westpac facing new class action

ELIZA BAVIN  |  MONDAY, 3 FEB 2020
... based international investor rights law firm, filed the class action on behalf of purchasers of Westpac shares between 11 November 2015 and 19 November 2019. The law firm has named the bank, former chief executive Brian Hartzer and current chief executive ...

AMP urged to mediate with advisers

ELIZA BAVIN  |  FRIDAY, 31 JAN 2020
... the business and restraint of trade provisions," Carnell said. Advice practices were urged to contact the ombudsman in November last year to share their experiences about being pushed out by financial advice licencees.