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Showing 111 - 120 of 7306 results for "Life"

Virgin Money Super increases administration fees

MATTHEW WAI  |  FRIDAY, 13 FEB 2026
The changes are coming into effect on April 1 and will see a member with $50,000 charged $388 in total fees per year. From April 1, Virgin Money Super's asset-based administration fee will increase from 0.394% p.a. to 0.424% p.a. For a member with a ...

AMP profits fall as Alexis George prepares to step down

ELIZA BAVIN  |  THURSDAY, 12 FEB 2026
AMP's statutory net profit took a hit as a result of the settlement of legacy class actions and its continuing business simplification process, coming in at $133 million, down from $150 million in FY24. However, underlying net profit after tax (NPAT) ...

Acenda announces two C-suite appointments

MATTHEW WAI  |  WEDNESDAY, 11 FEB 2026
... strengthen relationships across the market. He brings over 25 years of experience across the insurance industry and joined MLC Life in September 2024. He has previously served as group executive of life insurance at ClearView Wealth, where he led the ...

CBA updates on class actions, governance review

ELIZA BAVIN  |  WEDNESDAY, 11 FEB 2026
... for trial on 9 November 2026. The second superannuation class action was filed in 2020 again CFSIL and the Colonial Mutual Life Assurance Society Limited (CMLA). The class action alleges that CFSIL did not act in the best interests of members when it ...

Allianz Retire+ updates AGILE, slashes fees

KARREN VERGARA  |  TUESDAY, 10 FEB 2026
... Income Premium will not be charged from commencing the Lifetime Income. AGILE, which stands for Allianz Guaranteed Income for Life, is available to those aged between 50 and 80 with a minimum investable amount of $20,000 and a maximum of $5 million. ...

Government to ask super funds to invest in defence infrastructure

JAMIE WILLIAMSON  |  FRIDAY, 6 FEB 2026
... capital investment for facilities and infrastructure projects and ensure facilities are properly maintained over their design life," it reads. "Partnering options may include working with private investors, such as banks, superannuation funds, venture ...

Macquarie AM to acquire Last Mile Infrastructure and Energy Assets Group

ANGELIQUE MINAS  |  FRIDAY, 6 FEB 2026
... two decades." Meantime, MAM will acquire Energy Assets Group (EAG) from Asterion Industrial Partners, EDF Invest and Swiss Life Asset Managers. Managing a portfolio of 1.8 million advanced and smart meters, EAG installs, owns and operates last-mile utility ...

Future Group rejigs investment team

ELIZABETH FRY  |  THURSDAY, 5 FEB 2026
Future Group has reshuffled its investment leadership, appointing a new chief investment officer and shifting its incumbent investment lead into a strategist role. Joe Fernandes joins the group after five years at Australian Unity, where he most recently ...

Super trustees told to up fraud protection game

MATTHEW WAI  |  WEDNESDAY, 4 FEB 2026
... consumer safety protection. "The collapses of Shield and First Guardian, where 12,000 Australians lost some or all of their life savings, must make stronger consumer protections in super a key priority in the Budget," SMC chief executive Misha Schubert ...

ADQ absorbed by fellow Abu Dhabi sovereign wealth fund

JAMIE WILLIAMSON  |  MONDAY, 2 FEB 2026
Abu Dhabi is consolidating two of its sovereign wealth funds, with L'IMAD Holding Company to take over the assets and investments of the $378 billion Abu Dhabi Developmental Holding Group (ADQ). Abu Dhabi said it is creating "a sovereign investment ...