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Showing 481 - 490 of 2307 results for "Premium"

New trading platform to enter Australia

ELIZABETH MCARTHUR  |  TUESDAY, 21 DEC 2021
... it will launch in Australia, its third market after the US and Singapore. The company will position itself locally as a premium online trading platform. It has been granted an Australian Financial Services Licence by ASIC. Moomoo offers a free online ...

Hume refreshes super co-contribution laws

KARREN VERGARA  |  TUESDAY, 21 DEC 2021
... insurance-only accounts. Otherwise, government co-contributions to insurance accounts would contribute towards the insurance premium rather than the individual's retirement income and not to their retirement savings, the explanatory memorandum states. ...

Disgraced former fund manager chief declared bankrupt

JAMIE WILLIAMSON  |  TUESDAY, 21 DEC 2021
... liquidation, collapsed in 2008 owing $2.5 billion. The regulator alleged senior executives misappropriated $143.5 million of Premium Income Fund investors' money to repay debts. To do so, ASIC said they falsified and backdated documents. As part of that ...

AMP Capital snaps up malls in $760m deal

CHLOE WALKER  |  MONDAY, 20 DEC 2021
... dealings wrapped up a record year of retail transactions. "We are continuing to deliver for our investors with investments in premium real estate assets," O'Connor said. "With these latest acquisitions in Pacific Fair and Macquarie Centre, AMP Capital's ...

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
An industry group for independent financial advisers and lawyers have come out criticising Westpac over the six cases brought against it by ASIC. Slater and Gordon Lawyers is calling on Westpac to 'walk the talk', after Westpac's chief executive Peter ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
In an unprecedented move, ASIC has commenced six civil penalty proceedings against Westpac for widespread compliance failures in its banking, wealth, superannuation and general insurance businesses. The six matters filed relate to charging fees to deceased ...

Industry fund cuts premiums

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
A $2 billion industry fund has reduced its insurance premiums by more than 17%. REI Super informed members premium rates will decrease by 17.5% for income protection and 3.3% for death and total and permanent disability (TPD) insurance. "We continuously ...

QSuper faces class action over excess premiums

JAMIE WILLIAMSON  |  THURSDAY, 25 NOV 2021
A class action has been filed against QSuper, claiming it overcharged about 140,000 members for life insurance policies by charging almost all members the same despite differing occupations. Shine Lawyers has filed the action in the Federal Court against ...

Downward fee trend hits ESG

ELIZABETH MCARTHUR  |  MONDAY, 22 NOV 2021
... and 2019 but bfinance reported fees have since steadied. While fees are reducing in ESG strategies, there may still be a premium paid for impact strategies. bfinance found that on paper impact strategies charge higher fees - however, impact managers ...

Risk inflows marginally recover

ANNABELLE DICKSON  |  FRIDAY, 19 NOV 2021
Risk premium inflows experienced slight increases in the 12 months to June 2021, new research shows. The latest data from Plan For Life shows inflows jumped 5.1% to $16.9 billion. NobleOak led the growth with 70.8%, followed by AIA (18.9%), ClearView ...