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Showing 171 - 180 of 360 results for "Tier 1"

AIA acquires CBA life insurance businesses

JAMIE WILLIAMSON  |  THURSDAY, 21 SEP 2017
The Commonwealth Bank has sold 100% of its Australian and New Zealand life insurance businesses to AIA Group for $3.8 billion. The sale of CommInsure Life and Sovereign also includes a 20-year bancassurance partnership with AIA for the provision of ...

Less room for mid-tier asset managers: Stern

ALEX BURKE  |  WEDNESDAY, 9 AUG 2017
Standard Life Investments head of multi-asset and macro investing, Guy Stern, believes the asset management industry will soon stratify into trillion-dollar players and boutiques - with not much room for a middle ground. Speaking to Financial Standard ...

Major banks receive Budget shakeup

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2017
The major banks will be slugged $6.2 billion via a new levy to level the playing field for the banking sector. "This represents a fair additional contribution from our major banks and will assist with budget repair by at least $1.5 billion per year," ...

Face-to-face advice rises at UniSuper

EMMA RAPAPORT  |  WEDNESDAY, 3 MAY 2017
UniSuper, the $60 billion superannuation fund for the higher education and research sector, says despite the rapid growth of robo-advice, meeting financial advisers face-to-face continues to grow as the preferred approach among its members. The fund ...

Expanding expansion in manufacturing

BENJAMIN ONG  |  TUESDAY, 2 MAY 2017
As the band 'Chicago' would sing, it would be "baby, what a big surprise, right before my very eyes" if the Reserve Bank of Australia (RBA) shifts - up or down - monetary policy settings when it meets today. No rate cut is in the cards this afternoon ...

Canadian pension fund enters AMP Capital property portfolio

DARREN SNYDER  |  TUESDAY, 13 DEC 2016
The billion-dollar New Zealand property portfolio managed by AMP Capital is welcoming its latest co-investor, a second Canadian pension fund. The Canada Pension Plan Investment Board (CPPIB) is acquiring a 50% stake from fellow Canadian owner, the Public ...

MySuper lifecycle funds lead the pack

DARREN SNYDER  |  WEDNESDAY, 30 NOV 2016
The latest Rainmaker Information report indicates several bank-owned MySuper products are increasing their position in the highly competitive superannuation marketplace, especially through lifecycle funds. Rainmaker's September quarter MySuper report ...

SelectingSuper announces super fund of the year

DARREN SNYDER  |  THURSDAY, 17 NOV 2016
UniSuper was crowned the 2016 superannuation fund of the year at the Rainmaker SelectingSuper Awards in Melbourne this morning. Collecting three separate awards, the $55 billion super fund was recognised for its standout performance in delivering value ...

Advisers to foot $24m bill

KERRIE SYDEE  |  TUESDAY, 8 NOV 2016
The financial advice industry will pay more than $20 million in levies to ASIC under the proposed industry model to fund the regulator. The figure was released in ASIC's consultation paper on the proposed industry funding model. ASIC forecasts its effort ...

Profitable firms leverage from within: Macquarie

KERRIE SYDEE  |  THURSDAY, 20 OCT 2016
High performing financial services and accounting firms leverage existing capabilities and clients instead of looking outside their businesses for profit, according to new data from Macquarie. Macquarie's Accounting and Financial Services (AFS) Benchmarking ...