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Showing 401 - 410 of 1638 results for "Selling"

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... round of the Royal Commission hearings in September. Insurers had paid out $6.1 billion to advisers in commissions for selling life insurance products over five years. MLC paid out $1.2 billion, OnePath paid $1 billion, TAL $840 million, Westpac $697 ...

Royal Commission to suppress bank stocks

KARREN VERGARA  |  MONDAY, 4 FEB 2019
... also affect property prices - which has the effect of a "negative feedback loop." There'll likely be more distressed selling and bad doubtful debts, which will also impact the banks' profitability, he said. It's reasonable to expect that ...

Link sells a slice of $1.5 billion acquisition

KANIKA SOOD  |  FRIDAY, 1 FEB 2019
Link Group is selling a part of a business it acquired for $1.5 billion in 2017, with the proceeds going to pay down debt. The ASX-listed company has entered a binding agreement to sell its corporate and private clients (CPCS) business to Apex Group ...

FSC extends life code consultation deadline

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
... of Practice was first released for consultation in November 2018, proposing 30 changes that include banning aggressive selling tactics of life insurance products. The consultation will also cover several reforms to underwriting, claims and mental health ...

MLC Centre goes on the market

JAMIE WILLIAMSON  |  WEDNESDAY, 16 JAN 2019
The ASX-listed GPT Group is selling its 50% stake in Sydney's MLC Centre as it looks to invest more in new developments. GPT announced plans to divest its share today, saying its successful repositioning of the MLC Centre has generated exceptional returns. ...

ANZ, IOOF revise wealth sale agreement

JAMIE WILLIAMSON  |  TUESDAY, 15 JAN 2019
... will continue to work cooperatively and constructively with ANZ to achieve this outcome." ANZ is also in the midst of selling OnePath Life to Zurich, which can be done separate to the IOOF transaction. ANZ said it anticipates the sale will be completed ...

Ausbil ESG strategy advances

DARREN SNYDER  |  THURSDAY, 3 JAN 2019
... meetings." Ausbil chief investment officer and head of equities Paul Xiradis said the manager can show its active ownership by selling or reducing its stake; or take a formidable position in its long-short fund, which can potentially add alpha even though ...

OneVue offloads trustee business

KARREN VERGARA  |  THURSDAY, 20 DEC 2018
OneVue Holdings is selling its trustee services business to Sargon Capital for $45 million. The trustee services business comprises Diversa subsidiaries Diversa Trustees and CCSL. OneVue acquired the entire Diversa business in 2016 for $49.8 million ...

Raiz expands offshore

KARREN VERGARA  |  TUESDAY, 18 DEC 2018
... process of finalising this partnership, Lucas said. Raiz has an office in Jakarta with three staff members. The Mutual Fund Selling Agent licence was granted by the Indonesian Financial Services Authority. Lucas flagged the company's intention of ...

$200k on the life-line for new Freedom chief

HARRISON WORLEY  |  MONDAY, 17 DEC 2018
... questions on the structure of Williamson's employment terms. In the last fortnight, Freedom confirmed it would stop selling new life insurance products, after a Deloitte-led strategic review found it was no longer viable for the firm to make new ...