Search ResultsShowing 11 - 20 of 100+ results for Karren Vergara
Dividend payouts stagnate
KARREN VERGARA  |  MONDAY, 26 AUG 2019
ASX-listed companies continued to hold off paying dividends, extending a five-year long trend, a global index shows. According to Janus Henderson, dividend payouts rose 5.7% in the June quarter, thanks mainly to QBE Insurance, which rewarded shareholders ...
IOOF advice remediation hits $235m
KARREN VERGARA  |  MONDAY, 26 AUG 2019
IOOF will fork out a whopping $235.3 million to compensate customers for bad advice and charging fees for no service rendered. The ASX-listed firm's June 2019 financial results were overshadowed by its client remediation bill that is expected to ...
Boutique launches new fund
KARREN VERGARA  |  MONDAY, 26 AUG 2019
A boutique fund manager has launched a new income fund that provides an alternative to low-yielding cash and term deposits. Prime Value's Diversified High Yield Fund, which launched on August 1, aims to provide investors with a return of 4% per ...
CommInsure sale stalls, sold for discount
KARREN VERGARA  |  FRIDAY, 23 AUG 2019
The Commonwealth Bank will sell its life insurance business for $150 million less than originally agreed as the sale experiences delays and regulatory roadblocks. The banking group today announced its divestment of CommInsure Life to AIA Group is facing ...
Centrepoint revenue model improves bottomline
KARREN VERGARA  |  THURSDAY, 22 AUG 2019
Centrepoint Alliance flagged its transition to a new revenue model has been somewhat successful, but the dealer group services provider still found itself in the red, latest financial results show. The ASX-listed firm reported a net loss of $2.2 million ...
Industry fund awards $150m mandate
KARREN VERGARA  |  THURSDAY, 22 AUG 2019
A major industry superannuation fund has awarded a $150 million mandate to a London-based investment manager. Sunsuper selected Affirmative Investment Management (AIM) to manage its first green bond mandate, which aims to achieve financial returns ...
Complex retirement system requires simplicity: Report
KARREN VERGARA  |  WEDNESDAY, 21 AUG 2019
A new report is putting forth key reforms needed to make superannuation fairer and more efficient ahead of the Federal Government's review of the retirement income system. The Actuaries Institute outlined a number of reforms needed to help fix the ...
Kogan Super launches
KARREN VERGARA  |  WEDNESDAY, 21 AUG 2019
Kogan's low-cost, online-led superannuation fund backed by Mercer Australia has launched today. The two firms flagged their partnership to launch Kogan Super late last year , promising a "new no frills, ultra-low fee" offering that will disrupt ...
Government super fund changes insurance terms, premiums
KARREN VERGARA  |  TUESDAY, 20 AUG 2019
A $29 billion government superannuation fund is making several changes to its premiums and policy terms following negotiations with its insurer AIA Australia. From 1 October 2019, members of GESB Super and West State Super will see changes to their ...
Mainstream shelves super admin business
KARREN VERGARA  |  TUESDAY, 20 AUG 2019
Mainstream Group Holdings is moving away from providing superannuation administration services to industry and corporate funds to focus instead on growing its public offer super fund. The ASX-listed firm announced today the super admin business will ...
Link to something V5vS4YSU