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Showing 2241 - 2250 of 5924 results for "March 4"

AXA inks $20 billion deal, pivots insurance business strategy

JAMIE WILLIAMSON  |  TUESDAY, 6 MAR 2018
AXA is adjusting the focus of its global insurance business, beginning with the $20 billion acquisition of a global property and casualty commercial lines insurer. It's a move away from its dominant life business. AXA has entered into an agreement to ...

Chief economist update: The other president for life in the making

BENJAMIN ONG  |  TUESDAY, 6 MAR 2018
Sticks and stones may break my bones but sanctions will me get re-elected. Lost among investor worries over increased volatility in the financial markets, the correction on Wall Street, the prospect of a greater than three Fed rate hikes this year and ...

NPP to take super by storm: Research

KARREN VERGARA  |  THURSDAY, 1 MAR 2018
Research from CBA and KPMG Australia shows the New Payments Platform (NPP) can save the superannuation industry time and millions of dollars each year. Launched in February, the NPP is able to settle transactions in real-time. The time it takes to top ...

Complaints authority welcomes new chair

KARREN VERGARA  |  THURSDAY, 1 MAR 2018
The Federal Government has appointed a former politician to chair the new one-stop-shop financial complaints body. Helen Coonan, who was a long-serving Federal senator and cabinet minister, is the chair of the newly legislated Australian Financial Complaints ...

Chief economist update: Australia low on credit

BENJAMIN ONG  |  THURSDAY, 1 MAR 2018
Those still expecting the Reserve Bank of Australia (RBA) to raise the official cash rate - even at least once this year - may have to re-think their call. For sure, economic dynamics may change sometime down the road but given the current slowing trend ...

ASIC bans Perth adviser

DARREN SNYDER  |  FRIDAY, 23 FEB 2018
ASIC banned a Perth-based financial adviser for five years following an investigation as part of the regulator's life insurance lapse data project. Philip Leake is banned from providing financial services for five years after failing to act in his clients' ...

BTFG names insurers on expanded APL

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
BT Financial Group advisers will see two insurers added to the BT life insurance approved product list from March, a threefold increase on the current APL. AIA Australia and TAL products will be available alongside BT Protection Plans, underwritten ...

ATO to advance early release of super: O'Dwyer

KARREN VERGARA  |  THURSDAY, 22 FEB 2018
Draft legislation that allows the ATO to facilitate the early release of superannuation is open for consultation. Treasury has released the exposure draft overnight that aims to expedite the early release of super funds and "improve the integrity of ...

Vertically aligned institutions pay $21.4m compensation

KARREN VERGARA  |  WEDNESDAY, 21 FEB 2018
ASIC said clients of the big four banks and AMP who received non-compliant financial advice will be compensated a further $21.4 million. This adds to the $30 million compensation bill ASIC announced in March 2017 after it investigated how large institutions ...

SMFSA voices support for AFCA

KARREN VERGARA  |  THURSDAY, 15 FEB 2018
Expanding the remit of the newly legislated Australian Financial Complaints Authority (AFCA) to protect some rights of self-managed super members marks a "significant step" for the industry, according to the SMSF Association. Establishing AFCA consolidated ...