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TAL pays out $1bn

DARREN SNYDER  |  MONDAY, 27 APR 2015
... while still living and that payment in the event of a death now accounts for 47.4% of benefits paid. Cancer features as the top reason for TAL's claims in 2014, accounting for 24.1% of all payments, followed by circulatory system diseases (15.6%), injuries ...

Go flip a coin

BENJAMIN ONG  |  THURSDAY, 23 APR 2015
... to mid noughties, "Malcolm in the Middle", for which the song above was written... the RBA's in the middle. Looking at the top line headline CPI inflation measure would give a resounding "yes" answer to a May interest rate snip. Headline inflation eased ...

Industry should help fund ASIC: ANZ

LAURA MILLAN  |  TUESDAY, 21 APR 2015
ANZ top executives supported the idea that the financial services industry should help fund the Australian Securities and Investments Commission (ASIC) so it can "fully police industry behaviour." ANZ deputy chief executive officer Graham Hodges told ...

Big end of town to face Senate over bad advice

LAURA MILLAN  |  FRIDAY, 17 APR 2015
Australia's top bankers will have to explain what went wrong in their advice divisions at a public Senate hearing in Canberra on Tuesday. Chaired by Labor Senator Sam Dastyari, the Senate Economics Committee will interrogate Macquarie Group chief executive ...

Risk mispricing a threat to investment: ANZ boss

DARREN SNYDER  |  FRIDAY, 17 APR 2015
... worries about the management of risk in an environment of such high liquidity. Smith was asked by a member of the audience of top business leaders if risk is being mispriced across several classes and whether it poses a threat. "I think it already is ...

China's deflation limited says ANZ boss

DARREN SNYDER  |  THURSDAY, 16 APR 2015
... China in the near future will be "quite limited". The comment came at a recent Bloomberg event attended by some of Australia's top business leaders, and where Smith addressed ANZ's plans and beliefs about future investment in the Asia-Pacific region. ...

Stone and Chalk names chief executive

DARREN SNYDER  |  TUESDAY, 14 APR 2015
... hub, Stone and Chalk, has promised early stage investors and organisations access to some of the city's best entrepreneurs on top of its recent chief executive announcement. Heading Stone and Chalk will be Australian-born Alex Scandurra, recognised as ...

Europe and Japan becoming preferred equity markets

ALEX BURKE  |  MONDAY, 13 APR 2015
... Europe are our most preferred regions," he said. "We maintain our overweight in Japan at 25% overweight as it ranks at the top of our regional scorecard. We reaffirm our overweight in Continental Europe despite rising inflows."

AMP chief economist says housing future messy

DARREN SNYDER  |  FRIDAY, 10 APR 2015
Housing is an expensive option for investors, offering low rental yields compared to all other assets except bank deposits and government bonds. This is the view of AMP Capital chief economist Shane Oliver, who recently penned an analysis on Australian ...

Changes to super tax needed: AIST

DARREN SNYDER  |  THURSDAY, 2 APR 2015
... contributions tax, and the tax-free status of super in the post-retirement phase." Research by AIST and Mercer recently found the top 10% of Australian wage earners received about $500,000 in government support through super tax concessions over a lifetime. ...