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| | | ... middle of 2022 and is estimated to result in a post-tax gain of around $90 million and increase the bank's common equity tier one capital by $400 million. CommInsure General Insurance has over 800,000 policies for home and contents and motor vehicle ... |
| | | | Disappointing. This is the one word that describes the latest batch of activity indicators out of China. The National Bureau of Statistics (NBS) released retail sales, industrial production and fixed asset investment that were still stronger than usual ... |
| | | | ... down, Fairley told Financial Standard he has always agreed with APRA's view that 12 years is the maximum amount of time one should remain on a super fund's board. It's also good timing as the successor fund transfer that Catholic Super and ... |
| | | | ... increased interest in understanding their investments. A focus on client education will be essential," he said. Long said: "One of the reasons I was attracted to Lifespan is that it is one of Australia's most experienced MDA operators, having offered ... |
| | | | Plenary has bolstered its funds management business, nabbing seven professionals who all worked on one AMP Capital fund. Plenary had already announced that Julie-Anne Mizzi, who had spent 17 years at AMP Capital and led its $1.24 billion Community Infrastructure ... |
| | | | ... the reforms but now said they create more consumer harm and does not deliver on its objectives. The AIST is concerned that one third of super savings will not be subject to the performance test. "AIST remains deeply concerned that these legislative carve ... |
| | | | The Your Future, Your Super reforms were passed in the Senate today. One Nation and Jackie Lambie voted with the government in favour of the bill, while Labor and the Greens objected to it. However, an amendment was passed which will delay benchmarking ... |
| | | | ... Superannuation) Bill was debated in the Senate today, with an amendment suggested by Senator Pauline Hanson. Hanson and her One Nation colleagues circulated an amendment that would see people over the age of 67 able to contribute to their superannuation ... |
| | | | ... expertise and resources of Australia's second-largest industry super fund," Gribble said. The $145 billion super fund with over one million members recently updated lifecycle options, resulting in younger members defaulting into high-growth investment ... |
| | | | ... rates by 2023 rising from seven out of 18 in March to 13 at the recently-concluded meeting - with 11 officials expecting not one, but two, hikes. To be sure, Wall Street's reaction was mild compared with previous "tantrum" episodes. The S&P 500 index ... |
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