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Showing 21 - 30 of 49 results for "Premium income"

Court approves Premium Income Fund settlement

LAURA MILLAN  |  WEDNESDAY, 10 DEC 2014
The Federal Court has made orders approving the settlement of the class action against the failed Premium Income Fund (PIF). IMF Bentham confirmed the court's approval of the settlement, but did not say how much PIF unit holders will be receiving as ...

Libertas FP to offer SMA portfolios

STAFF WRITER  |  WEDNESDAY, 12 NOV 2014
... buy-write overlay that swaps the possibility of 'blue sky' returns in any period, for the certainty of regular premium income. "We are seeing many of the leading independent financial planning groups move towards to the managed accounts space especially ...

Wellington forced to pay ASIC's cost of appeal

LAURA MILLAN  |  FRIDAY, 12 JUL 2013
... Investments Commission (ASIC) after the regulator brought legal proceedings against the responsible entity of the Premium Income Fund (PIF). The cost of the proceedings is estimated to be between $80,000 and $100,000, an ASIC source told Financial Standard. ...

ASIC continues proceedings against Wellington Capital

LAURA MILLAN  |  TUESDAY, 11 JUN 2013
... Commission (ASIC) has taken a new step on its legal proceeding against Wellington Capital, the responsible entity of the Premium Income Fund (PIF) in the Federal Court of Australia. The Court considered that Wellington Capital distribution of PIF shares ...

Wellington Capital to take PIF case to High Court

LAURA MILLAN  |  FRIDAY, 31 MAY 2013
Wellington Capital has said it will take the Premium Income Fund (PIF) case to the High Court after the Federal Court ruled that distribution of PIF shares to Asset Resolution Limited (ARL) was invalid. The rule overturns an early decision of the same ...

PIF Action Group questions ASIC decision on Wellington

LAURA MILLAN  |  WEDNESDAY, 1 MAY 2013
... Australian Securities and Investments Commission (ASIC) decision to drop the investigation into the Wellington Premium Income Fund (PIF) has angered the PIF Action Group. PIF Action Group president Peter Grenadier told Financial Standard that in his ...

Guidance sought on Wellington's share distrib plans

MARK STORY  |  MONDAY, 15 OCT 2012
... Capital Limited (Wellington) is legally able to distribute shares, as opposed to cash, to the unitholders in the Premium Income Fund (PIF). On 5 September Wellington, as responsible entity of the PIF, announced that Asset Resolution Limited (ARL) had ...

AMP results show strong growth for products

LINDA HAUSKEN  |  THURSDAY, 10 MAY 2012
... at 31 March 2012 was $124.9 billion, compared to $123 billion as at 31 December 2011. AMP Risk Insurance annual premium income was $1.91 billion as at 31 March 2012 compared to $1.89 billion as at 31 December 2011 and $1.76 billion as at 31 March 201 ...

AMP Financial Services posts strong results

ELISE BURGESS  |  THURSDAY, 27 OCT 2011
... the New Zealand KiwiSaver net cashflows rose 10% on last year's quarter to $1.4 billion. Risk insurance annual premium income for AMP and AXA's risk businesses was up 4% in the quarter to $1.9 billion. AMP Financial Services corporate super product results ...

PIF Action Group lands Federal Court win

ELISE BURGESS  |  TUESDAY, 21 JUN 2011
The Federal Court has sided with the Premium Income Fund Action Group (PIFAG) against Brisbane-based Wellington Capital Limited, finding Wellington breached corporations law in its role as management and trustee for the Premium Income Fund. Yesterday ...