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Showing 201 - 210 of 1908 results for "Raising"

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... additional ongoing insurance renewal revenue without doing any more work". Regardless, it does not stop insurers from raising premiums. "Usually, the insurance rate moves up on stepped insurance policies, whether life insurance, income protection insurance ...

ANZ fined $900k over shares disclosure failure

CHLOE WALKER  |  MONDAY, 11 DEC 2023
... contravened continuous disclosure laws by failing to tell the market its underwriters had filled a $790 million shortfall when raising $2.5 billion from institutional investors. ANZ claimed the shortfall wasn't material, but Federal Court Justice ...

Aussie fintech growth counteracted by local challenges: EY

CASSANDRA BALDINI  |  WEDNESDAY, 29 NOV 2023
... requirements over the past 12 months. According to the survey, 41% of respondents said they had not met their capital raising expectations over the past year, a significant jump from 29% the year prior. Nevertheless, 45% indicated that they had met their ...

Product modernisation will strengthen retirement outcomes: FSC

CHLOE WALKER  |  MONDAY, 20 NOV 2023
... modernisation regime would support the government's fiscal position, by lowering government Age Pension outlays and raising new tax revenue, by almost $1 billion in the next decade, without having to raise new taxes on superannuation consumers," ...

ATO recoups $684m in unpaid super

ANDREW MCKEAN  |  WEDNESDAY, 15 NOV 2023
... ATO has recouped and distributed $684 million in unpaid superannuation entitlements to funds and individuals, while also raising over $1.3 billion in super guarantee charge liabilities through compliance actions in the 2022-23 financial year. During ...

Australian Unity sells advice arm to Fortnum, Nestworth

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... the successful completion of its first issuance of senior, unsecured, six-year fixed rate A$ Medium Term Notes (A$MTN), raising $275 million. The funds raised from the issuance will be allocated to repay and subsequently retire a $250 million bank debt ...

J.P. Morgan readies evergreen solution for wholesale market

ANDREW MCKEAN  |  MONDAY, 13 NOV 2023
... initiative, Creber indicated that J.P. Morgan is set to expand its local product offering, increasing the frequency of capital raising efforts and streamlining the application process for alternative investment opportunities to ensure that investors ...

Legalsuper hits members with increased fees

ANDREW MCKEAN  |  MONDAY, 6 NOV 2023
Legalsuper is raising the investment fees of its MySuper balanced option product from December 14, resulting in an annual cost increase for an account balance of $50,000 from $546.92 to $596.92. For the $5.4 billion industry fund's default investment ...

Regal Partners buys stake in Taurus Funds Management

CASSANDRA BALDINI  |  WEDNESDAY, 1 NOV 2023
... founders of Taurus have built a highly experienced 23-person team, with a strong performance track record and proven fund-raising capability across blue-chip, US-based institutional investors." O'Connor explained that while Taurus funds will continue ...

Institutions must come to the table now: First Australians Capital

CASSANDRA BALDINI  |  FRIDAY, 27 OCT 2023
... that there's growth in the market, so there will be products and solutions around that," he said. On the point of raising capital, Prakash highlighted other alternative options such as angel investors, crowdfunding and equity crowdfunding as well ...