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Showing 201 - 210 of 466 results for "Tier"

Aussie CEOs understand ESG risks: KPMG

HARRISON WORLEY  |  MONDAY, 28 MAY 2018
... between 2-4.99% per annum. The report arrives shortly after KPMG released the 2018 Super Insight report, which warned a two-tier super system based on fund size was emerging. KPMG head of asset and wealth management Paul Howes said evidence suggested ...

CBA sells interests in Chinese insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 23 MAY 2018
... reimbursed in full by Mitsui Sumitomo once the transaction is completed. CBA said it expects the impact to its Common Equity Tier 1 ratio to be a net increase of 13 basis points, comprising an initial five basis point reduction at the time of the capital ...

Age Pension needs national objective: Actuary

DARREN SNYDER  |  TUESDAY, 22 MAY 2018
... adequacy for voluntary savings, something which is viewed as the third pillar to retirement income. He also argues the middle tier of income earners now receive lower value from the super system. "They do not receive full Age Pensions nor do they have ...

Two-tier super system emerging: KPMG

HARRISON WORLEY  |  WEDNESDAY, 16 MAY 2018
The 2018 installment of KPMG's Super Insights report highlights the emergence of a two-tiered superannuation system. According to KPMG's analysis, the superannuation system in Australia is splitting into two tiers, as small funds experience initial ...

ANZ considering buy-back with life insurance paycheck

KANIKA SOOD  |  TUESDAY, 8 MAY 2018
... includes the OnePath Life sale to Zurich. This results in an increase of about 25 basis points in ANZ's APRA Common Equity Tier 1 Capital. "Having received the reinsurance proceeds, ANZ will continue to work through its capital management options, which ...

CBA enters APRA EU

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
... a $1 billion add-on to the bank's operational risk capital requirement; this equates to 29 basis points of Common Equity Tier 1 capital and reduces CBA's standing CET1 ratio from 10.4% to 10.1%. The regulator said the dulling was particularly apparent ...

Merged super funds save $30m for members

KARREN VERGARA  |  WEDNESDAY, 4 APR 2018
Members of two newly-merged industry funds are due to reap cost savings of $30 million per year once the transition finalises on May 12. Sunsuper and Kinetic Super announced in April 2017 the consolidation will result in a single fund with more than ...

Industry fund signs super code, slashes premiums

JAMIE WILLIAMSON  |  TUESDAY, 27 MAR 2018
A $50 billion industry fund is the latest signatory to the Insurance in Superannuation Voluntary Code of Practice, announcing it will drop TPD insurance premiums by an average of 20% at the same time. Signing up to the code from March 31, Sunsuper believes ...

HLB Mann Judd revises AFSL

JAMIE WILLIAMSON  |  THURSDAY, 18 JAN 2018
... interim undertaking and voluntary variation of its licence," the firm clarified. The revised licence does still allow the mid-tier firm to continue providing investigating accountant's reports. HLB Mann Judd Australasian Association chair Tony Fittler ...

FS has you covered in 2017

DARREN SNYDER  |  FRIDAY, 22 DEC 2017
... Melbourne, AustralianSuper was recognised for its standout performance in delivering value to members, underpinned by top tier results across all categories including investment performance, member engagement, insurance and innovation. The fund was also ...