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

Search Results

Showing 121 - 130 of 334 results for "Cancelled"

Legacy AMP Life policyholders take premium hit

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... was to $505.69 a month - 68%. This customer had the policy for more than two decades and no noted health issues. He cancelled his policy as a result of the steep increase. AMP Life began the letter notifying customers of the increase with: "You've ...

Bermuda-based fund launches down under

ALLY SELBY  |  WEDNESDAY, 23 SEP 2020
... mean they can no longer afford to keep the policy," Bremness said. "Interestingly, 85% of life policies in the US are cancelled by the insured, who are unaware of the life settlement option." Laureola has US$73 million under management, with US$65 million ...

ASIC grants frozen fund relief

JAMIE WILLIAMSON  |  THURSDAY, 27 AUG 2020
... data and comply with all other conditions of the relief. A fund is frozen when the responsible entity has suspended or cancelled redemptions to prevent withdrawals from destabilising their fund, leaving investors without access to their money. "ASIC ...

Dividend cuts not as bad as expected

KANIKA SOOD  |  FRIDAY, 21 AUG 2020
... earnings while deciding dividends until December, after APRA issued revised guidelines. Of the big four, only Westpac cancelled their dividend. "CBA was able to declare at the top end of expectations, and ANZ are paying out their interim dividend that ...

ASIC cracks down on 42 SMSF auditors

ALLY SELBY  |  THURSDAY, 20 AUG 2020
The corporate watchdog has cancelled the registrations of 36 self-managed super fund auditors, while conditions have been imposed on a further six. It comes after ASIC found a number of SMSF auditors had not maintained an appropriate level of audit ...

Brisbane broker permanently banned

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... for a home loan. Jeffry Leonard Gordon has been barred from the industry and his Australian credit licence has been cancelled. ASIC commenced its investigation into Gordon following a tip-off from Australian Financial Complaints Authority. The corporate ...

Dealmakers hold off investing in Australia

ANNABELLE DICKSON  |  THURSDAY, 6 AUG 2020
... revamped plans for the Foreign Investment Review Board framework. In addition, 78% of dealmakers say they have postponed or cancelled investments due to COVID-19 as the looming uncertainty and travel restrictions are limiting the sourcing and vetting ...

Foreign exchange broker banned

ALLY SELBY  |  TUESDAY, 30 JUN 2020
... when giving general financial advice and, on several occasions, provided personal advice." Earlier in the year, ASIC cancelled the AFSL of Forex Capital Trading after it found that the brokerage's business model disregarded key licensee obligations ...

Property investors should diversify: FSI

HARRISON WORLEY  |  WEDNESDAY, 24 JUN 2020
... stores," Hayes said. "Overall, landlords will need to give rental concessions to tenants, and we expect dividends to be cancelled or reduced significantly."

Super funds face fresh data requirements

ALLY SELBY  |  WEDNESDAY, 24 JUN 2020
... demographics impacted by the pandemic. It will also provide APRA and ASIC with monthly data on complaints, as well as any cancelled insurance or claim activity. The regulator said the PDC would give APRA oversight into member switching, investment options ...