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Showing 4051 - 4060 of 14213 results for "Interest"

Citi to expand local securities team

HARRISON WORLEY  |  MONDAY, 16 MAR 2020
... scale "required to deliver meaningful value for our shareholders and clients". "We consider that it is in the long-term interest of our clients and employees to seek a transfer of our business to an organisation with a client focus and strong offering ...

Sunsuper Labor donations rile Bragg

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
A Sunsuper donation of $11,000 to the Australian Labor Party has come under intense scrutiny in a Senate committee hearing. Appearing before the Senate Economics Legislation Committee, APRA deputy chair Helen Rowell was grilled by Liberal Senator Andrew ...

ClearView restructures pricing as life sector struggles

HARRISON WORLEY  |  FRIDAY, 13 MAR 2020
... protection claims costs, "substantial" reinsurance cost increases and the full impact of the most recent reduction in interest rates, ClearView managing director Simon Swanson has revealed the firm will adjust premium rates ahead of an expected "wave" ...

Westpac hit with another class action

ELIZA BAVIN  |  FRIDAY, 13 MAR 2020
... The class action, brought by Johnson Winter & Slattery, has been filed on behalf of certain shareholders who acquired interest in Westpac securities or equity swap confirmations between 2013 and 2019. "The claim relates to market disclosure issues connected ...

Major industry events cancelled amid pandemic

ELIZABETH MCARTHUR  |  FRIDAY, 13 MAR 2020
The Conference of Major Superannuation Funds has been cancelled or postponed along with a number of the financial services sectors big events, including charity fundraiser FICAP. The Australian Institute of Superannuation Trustees has cancelled the ...

Pension fund acquires Plenary Group business

JAMIE WILLIAMSON  |  FRIDAY, 13 MAR 2020
... addition to the controlling stake already held through its PPP portfolio. Plenary Asia Pacific will retain a minority interest in the business, and Plenary and the CDPQ will continue to work together to potentially explore new markets. Plenary Asia Pacific ...

Chief economist update: The corona crash of 2020

BENJAMIN ONG  |  FRIDAY, 13 MAR 2020
... generally, a general lockdown. Monetary and fiscal authorities have responded: The Reserve Bank of Australia (RBA) has cut interest rates by 25 bps earlier this month, taking the official cash rate to a new record low of 0.5% and is expected to cut some ...

Stopping SG is nuclear response to COVID-19

ELIZABETH MCARTHUR  |  THURSDAY, 12 MAR 2020
... Australia's superannuation system is not the solution to the economic challenge we face," Fahy said. "Given where interest rates are, and taking into account the government's borrowing capacity, it doesn't make sense to raid retirement savings ...

Chief economist update: Budget surplus or bust

BENJAMIN ONG  |  THURSDAY, 12 MAR 2020
... expanded investment write-off allowances. This comes on top of the bushfire relief spending of at least A$2 billion - and interest free business loans - announced in late January. Bye bye surplus. The government's Mid-year Economic and Financial ...

Life insurers breach own code consistently

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
... the processing of consumers' claims, the insurers should take immediate action to pay compensation, including penalty interest." The LCCC identified systematic issues which caused the delays in claims processing at insurers. About 315 of the 700 breach ...