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Showing 311 - 320 of 8383 results for "OPT"

Explosive rise in claims drives new TPD solution for Acenda

MATTHEW WAI  |  TUESDAY, 30 SEP 2025
Acenda has launched a new insurance benefit, Total Permanent Disability (TPD) Severity, in response to a significant surge in claims, particularly for mental health and musculoskeletal conditions. According to the life insurer, there was a 166% increase ...

Australia misses out on global dividends growth

MATTHEW WAI  |  TUESDAY, 30 SEP 2025
Despite global dividends achieving record growth in the first half of 2025, boosted by the weaker US dollar, Australia wasn't so prosperous. According to Capital Group's Global Equity Study Dividend Watch, global dividends increased 7.7% year on year ...

HESTA changes investment fees

ELIZA BAVIN  |  TUESDAY, 30 SEP 2025
HESTA has reduced investment fees across its ready-made investment options in the last financial year and announced a lower minimum balance for accessing Income Stream products. The investment fee reductions were across HESTA's top four ready-made ...

Australian Unity picks new chief executive

RIDDHIMA TALWANI  |  MONDAY, 29 SEP 2025
Australian Unity has appointed Kelly Bayer Rosmarin as the next group managing director and chief executive, succeeding Rohan Mead who will retire in December. Rosmarin will commence in the new role from 15 December 2025 after completion of the transition ...

UBS shutters international shares fund

MATTHEW WAI  |  MONDAY, 29 SEP 2025
UBS Asset Management has decided to terminate the 33-year-old UBS International Share Fund, noting the fund is not at an "optimal size" to continue. The fund is to be terminated on or around October 21. "After analysis of market conditions and investment ...

CSLR publishes paid claims details

JAMIE WILLIAMSON  |  FRIDAY, 26 SEP 2025
The Compensation Scheme of Last Resort (CSLR) has made 551 payments totalling $54 million since it began operating, some 291 of which were made in relation to Dixon Advisory. The overwhelming majority of payments relate to personal financial advice ...

Australia, UK regulators exchange insights

MATTHEW WAI  |  FRIDAY, 26 SEP 2025
The UK and Australia have exchanged information on their respective approaches to financial markets, pension structures, and digital asset advancement at the inaugural UK-Australia Joint Financial Regulatory Forum. The virtual forum was chaired by director ...

Feature: Digital advice | Sleeping giant

KARREN VERGARA  |  FRIDAY, 26 SEP 2025
About three years ago, robo-advisers, one by one, began dropping like flies. The likes of Six Park, Upstreet and Advice Intelligence either folded or were acquired. Even Ellerston Capital's ethically based robo-adviser, which launched in early 2023 ...

AFCA temporarily reinstates UGC to address complaints

RIDDHIMA TALWANI  |  FRIDAY, 26 SEP 2025
The Australian Financial Complaints Authority (AFCA) has reinstated United Global Capital's (UGC) membership until 31 March 2026, to ensure consumers can lodge complaints regarding Shield and First Guardian Master Fund. UGC was expelled from AFCA membership ...

Retirees should put 80% of balance into annuities: Grattan

RIDDHIMA TALWANI  |  THURSDAY, 25 SEP 2025
Grattan Institute has recommended changes to help simplify the superannuation system, including pushing for retirees to place 80% of their super balance into an annuity, possibly offered by the government itself. In its submission to the Treasury consultation ...