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Showing 141 - 150 of 2271 results for "Premium"

Mine Super and TWUSUPER merger official

KARREN VERGARA  |  FRIDAY, 21 MAR 2025
After a lengthy delay, Mine Super and TWUSUPER have officially merged to become the $22 billion Team Super as of today. The merged entity has 150,000 members and is led by chief executive Vasyl Nair. Seamus Collins acts as chief investment officer ...

Insurance through superannuation stages a comeback

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
After years of decline, the number of superannuation fund members with insurance is on the rise. Legislative changes in 2019 made insurance opt-in for those with low balances, inactive accounts, or those aged under 25 - taking a sledgehammer to the ...

Outlook favourable for practice valuations: Guide

JAMIE WILLIAMSON  |  FRIDAY, 28 FEB 2025
... leading acquirers to be much more discerning when it comes to fee per client - but they should continue to trade at a premium to other small businesses. According to Centurion Market Makers' Advice Practice Acquisition, Sale & Valuation Guide for 2025 ...

ClearView Wealth's profit bleeds 22% in HY25

MATTHEW WAI  |  FRIDAY, 28 FEB 2025
... $387.2 million, with the market share improving from 0.5% to 3.8%. Noting the improvements, ClearView updated its gross premium target to $440 million, which was previously $400 million. Additionally, ClearView's board intends to conduct a share buyback ...

PM Capital confirms proposal to acquire Platinum funds

ANDREW MCKEAN  |  FRIDAY, 28 FEB 2025
... Capital proposal, shareholders can swap their shares for PGF shares at a rate based on PGF's pre-tax NTA, plus a 1.5% premium to PMC's pre-tax NTA. Alternatively, PMC shareholders can opt for a cash payout based on PMC's post-tax NTA per ...

Annuities' capital settings due for change: APRA

KARREN VERGARA  |  FRIDAY, 28 FEB 2025
... as outlined in its Corporate Plan 2024-25," APRA said. Central to the potential changes is calculating the illiquidity premium in LPS 112 Capital Adequacy: Measurement of Capital. "This would lower life insurer capital requirements for annuity products ...

'Less revenue for us': AustralianSuper on closing multiple accounts

ELIZA BAVIN  |  THURSDAY, 27 FEB 2025
Fronting the Senate Economics Committee, the Australian Securities and Investments Commission (ASIC) confirmed internal communications between staff at AustralianSuper played a significant role in shaping its case against the super fund. Senator Andrew ...

Selfwealth to proceed with Svava proposal

MATTHEW WAI  |  WEDNESDAY, 26 FEB 2025
... shareholders to consider Bell Financial Group's (BFG) previous offer, Selfwealth has ultimately decided to proceed with the premium offer from Svava. Svava made a binding offer to acquire 100% of Selfwealth's share for 28 cents per share on Monday - ...

Svava makes binding offer for Selfwealth, BFG given deadline to counter

MATTHEW WAI  |  MONDAY, 24 FEB 2025
... has officially put in a binding offer to acquire 100% of the company at 28 cents per share. The new proposal is a 12% premium to the cash consideration of the $0.25 offer from Bell Financial Group (BFG). Selfwealth received a bid from BFG late last year ...

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
The Federal Court today slapped AustralianSuper with a $27 million fine for dragging its feet on a multiple account bungle that lasted more than four years. Judge Hespe found that AustralianSuper failed to promptly identify and merge members' multiple ...