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Showing 311 - 320 of 2272 results for "Premium"

Trustees must do better on account consolidation: ASIC

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
Super funds are not doing enough to address duplicate member accounts, with an ASIC review forcing some trustees to remediate members. Under the Superannuation Industry (Supervision) Act 1993, super trustees must have processes in place to tackle multiple ...

TelstraSuper introduces new option, drops premiums

JAMIE WILLIAMSON  |  MONDAY, 26 JUN 2023
TelstraSuper is making changes to its investment menu, while also decreasing income protection premiums for members. The $25 billion corporate fund is introducing a new option for accumulation and TTR members from next month, the Moderate investment ...

Rainmaker MySuper index outdoes S&P ASX 200

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
The Rainmaker MySuper index reported a 0.6% return for the year to 31 March 2023, continuing its series of positive rolling annual returns. The MySuper index surpassed the broader S&P ASX 200 market index, which posted a 0.1% return over the same duration. ...

Property market peril to continue: Quay Global Investors

CASSANDRA BALDINI  |  FRIDAY, 16 JUN 2023
... Park, a business park in Mount Waverley, Victoria. "The sale will realise proceeds of $306.2 million, reflecting a 7.4% premium to the 31 December 2022 independent valuation," it said. The group added combined sales equate to about $700 million, representing ...

ETP investors struggle to pick winners

ANDREW MCKEAN  |  FRIDAY, 9 JUN 2023
... cash flows.The research considered 137 ETPs over a three-year period up to March 2023. Results indicated a negative MW premium across major asset classes, including Australian equities, international equites, fixed interest, and property. Investors couldn't ...

Italian private credit fund brings unique offering down under

CHLOE WALKER  |  TUESDAY, 30 MAY 2023
... Muzinich co-head of parallel lending and chief data scientist Gianluca Oricchio, is to capture private credit liquidity premium, whilst allowing investors to redeem on a quarterly basis. "Global markets are bracing for a potential recession coupled with ...

J.P. Morgan launches three new ETFs

CHLOE WALKER  |  THURSDAY, 25 MAY 2023
The JPMorgan Equity Premium Income Active ETF (JHPI), JPMorgan US 100Q Equity Premium Income Active ETF (JPEQ) and JPMorgan US 100Q Equity Premium Income Active ETF (JPHQ) are the latest additions to the Equity Premium Income Strategy suite of funds ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
... policies, and failing to adequately train and monitor staff about communications to customers regarding policy schedules and premium notices. ASIC said MLC Life has remediated $11.8 million to those impacted. "Customers should be able to trust that their ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The Federal Court found AMP guilty of charging deceased customers life insurance premiums and advice fees, ordering it to pay $24 million in penalties. Justice Hespe today determined that four AMP subsidiaries - AMP Life, AMP Financial Planning, AMP ...

Adviser PI premiums up 40%: APRA

JAMIE WILLIAMSON  |  THURSDAY, 11 MAY 2023
... subgroups, the Financial category - which accounts for accountants, financial advisers and brokers/dealers - all saw an average premium increase of at least 40%. "For Financial, average premiums increased by a similar amount across most occupation subgroups. ...