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Showing 351 - 360 of 1253 results for "Nature"

APRA extends IDII overhaul deadline

KARREN VERGARA  |  THURSDAY, 13 MAY 2021
... when they are unable to work due to illness or injury. The product has been a bugbear for providers due to its loss-making nature and its questionable ability to protect policyholders. Life insurers and friendly societies have lost $3.4 billion in five ...

Sunsuper raises ICR by 19bps

KANIKA SOOD  |  MONDAY, 10 MAY 2021
... investments exceeding the pre-agreed performance hurdles," a spokesperson said. "These performance hurdles are long-term in nature. These performance costs are accounted for in line with the returns reflected in our investment option unit prices." Sunsuper's ...

Jarden and Nomura form alliance

KARREN VERGARA  |  MONDAY, 10 MAY 2021
... Macgonigal said: "Nomura and Jarden have genuinely complementary businesses in Australia and New Zealand. An alliance of this nature is highly synergistic, as not only is there limited crossover of our existing businesses, but also strategic and cultural ...

ASIC not recommending general advice change

JAMIE WILLIAMSON  |  WEDNESDAY, 5 MAY 2021
... Competition in the Australian Financial System recommended the re-labelling of general advice to prevent confusion around the nature of advice being provided. Now, research by Newgate Communications has found no evidence that changing the general advice ...

APRA releases draft climate change guidance

RACHEL ALEMBAKIS  |  FRIDAY, 23 APR 2021
... awareness of climate-related risks to the financial sector," says APRA chair Wayne Byres. "Given the unique and long-term nature of the risks, however, processes to measure, monitor and manage climate-related financial risks are still developing. "The ...

Moelis Australia to rebrand

KANIKA SOOD  |  FRIDAY, 23 APR 2021
... proportion of revenue coming from asset management related activities to continue to grow. Much of this revenue is recurring in nature." Some businesses associated with Moelis Australia will retain their current trading names, including Redcape Hotel ...

Chief economist update: Bubble, bubble getting out of trouble

BENJAMIN ONG  |  MONDAY, 19 APR 2021
... both Australia and New Zealand. All fine and dandy, Andy but flyers and skiers beware. This is because given the uncertain nature of the coronavirus, conditions could change at a moment's notice - i.e. lockdowns re-imposed. New Zealand Prime Minister ...

Delay breach reporting law: AFA

KARREN VERGARA  |  FRIDAY, 16 APR 2021
... exponential increase in the number of breaches that need to be reported and many of these will be of a largely administrative nature". One AFA licensee partner, which reported four breaches in 2020, would equate to 198 reports under the new regime. "Their ...

Include ESG in BFID: FSC

KANIKA SOOD  |  TUESDAY, 13 APR 2021
... which incorporate ESG factors, are not in conflict with the best financial interests duty, particularly given the long-term nature of superannuation investments and the need to consider retirement outcomes for members in future decades." According to ...

Why advisers don't recommend annuities

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
... so. Senior research fellow Teagan Altschwager and associate professor of marketing Jody Evans say the "fee-for-service" nature of financial advice, the limitations on advisers' ability to add value to annuities, and government regulation holds back advisers ...