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Showing 171 - 180 of 2272 results for "Premium"

Bell Financial takes lead on SelfWealth takeover

KARREN VERGARA  |  MONDAY, 25 NOV 2024
... BFG muscled in on rival bidder AxiCorp Financial Services' offer of 23 cents per share. The revised offer puts a 108% premium to the last close share price of SelfWealth of 12 cents as at November 12. BFG's offer raises the value of SelfWealth to $57.7 ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
AustralianSuper will compensate around 7000 beneficiaries to the sum of $4.2 million for death benefit claims that took longer than the fund's internal target handling time of four months from the date when the claim form was received. The fund ...

Bell Financial Group bids $51m for SelfWealth

KARREN VERGARA  |  WEDNESDAY, 13 NOV 2024
... benefit through increased scale in BFG's online broking business and cost synergies." The offer price represents an 83% premium on SelfWealth's November 12 closing share price of 12 cents. SelfWealth has nearly 130,000 active portfolios and funds ...

LGT Crestone takes over remainder of Commonwealth Bank's advice business

ANDREW MCKEAN  |  MONDAY, 11 NOV 2024
... commitment to its people. "Our agreement with LGT Crestone will allow Commonwealth Private clients access to LGT Crestone's premium advice offering, as well as the opportunity to sample an expanded range of personal advice services," he said. He added ...

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
The Australian Financial Complaints Authority (AFCA) revealed some of the most common systemic issues it saw in the second half of FY24, including continued non-compliance with the Protecting Your Super regime. According to the Systemic Issues Insights ...

Qantas Super standardises offset account investments

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
Qantas Super is changing the way most offset accounts are treated for members in its defined benefit (DB) divisions. The corporate fund, which is set to merge with Australian Retirement Trust (ART) in the first half of 2025, will have current and new ...

Charter Hall, Hostplus takeover offer for HPI rejected

ELIZA BAVIN  |  MONDAY, 21 OCT 2024
... reason to sell the portfolio in the absence of a compelling offer". "The offer price does not provide security holders any premium to HPI's NTA in contrast to ASX listed REIT transaction precedents," HPI said in a statement. "HPI owns a high-quality ...

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
Vanguard Investments Australia managing director Daniel Shrimski believes Australians would be shocked to learn how much is being drained from their retirement savings through super fund fees. New research commissioned by Vanguard, conducted by CT Group ...

EBC expands local offerings to HNWIs, instos

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
... India. "With the new asset management licence, EBC Financial Group continues to solidify its global presence, offering premium financial services to wholesale clients in both developed and emerging markets. This strategic move aligns with EBC's broader ...

Clime shakes up board again

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
Clime Investment Management continues to overhaul its board, filling two seats shortly after the sudden exit of three directors last week. Clime announced Henry Davis and its chief investment officer Will Riggall have joined the board following the ...