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Showing 1631 - 1640 of 8326 results for "Retail"

APRA, ASIC release life insurance stats

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... 78.8% and TAL the highest at 94.5%. The average claim time in months on insurance through super was a bit lower than for retail insurance at five months. AIA had the longest wait time at 6.6 months and TAL the lowest at 4.4.

Chief economist update: Middle Kingdom on top

BENJAMIN ONG  |  TUESDAY, 20 OCT 2020
... improvement in China's activity stats indicate sustained upward momentum in the economy. The annual growth in Chinese retail spending improved to 3.3% in September from 0.5% in the previous month and after the previous five months of contraction. ...

UBS, Insight IM win Future Fund mandates

KARREN VERGARA  |  MONDAY, 19 OCT 2020
... end of the property cycle, we continue to hold unlisted property exposures in Australia and offshore. This includes some retail properties that are being actively managed to address structural headwinds which have been exacerbated by COVID-19," the report ...

Acting AMP Australia chief joins FSC board

ELIZABETH MCARTHUR  |  MONDAY, 19 OCT 2020
... positions with AMP New Zealand as general manager marketing and customer sales, director of advice and sales and director of retail financial services. In August 2020, Blair was appointed acting chief executive of AMP Australia following the sudden resignation ...

Derivatives issuer cops $75m penalty

ELIZA BAVIN  |  MONDAY, 19 OCT 2020
... OTM and Ozifin had engaged in "systemic unconscionable conduct" while providing over-the-counter derivative products to retail investors in Australia. The justice noted that derivatives are complex instruments and risky investments and as a result of ...

Retail super fund scores best customer service nod

KARREN VERGARA  |  FRIDAY, 16 OCT 2020
A retail superannuation fund has taken the top spot in a comprehensive member satisfaction and experience survey, bumping off AustralianSuper from the top. Colonial First State has regained the top spot in the Forrester Research's 2020 Australia ...

Pandemic batters life insurers

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... new research. KPMG's 2020 Life insurance insights reveals close to half of the firms it analysed are making a loss. Retail disability income received the biggest blow, losing $1.1 billion in FY20, while group lump sum made a loss of $353 million. ...

Northern Trust scores $20bn mandate

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
Northern Trust has been awarded a $19.8 billion pension fund mandate by a leading retailer, replacing a longstanding partnership with State Street. Marks & Spencer's Pension Trust appointed Northern Trust to provide asset servicing solutions, such ...

Vanguard launches new ESG offerings

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
... Vanguard Australia head of product Evan Reedman said. "We've seen a growing demand from both our financial advisor and retail clients for responsible and ethical products, demonstrated by consistent growth in our existing Ethically Conscious funds, which ...

Willis Towers Watson director departs for LIC

ALLY SELBY  |  TUESDAY, 13 OCT 2020
... the investment company joining the WAM stable in early September. WAM Alternative Assets (ASX: WMA) provides Australian retail shareholders access to alternative investment opportunities, comprising of real assets, private equity, real estate, private ...