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Showing 31 - 40 of 775 results for "Buyer"

Count welcomes Rockhampton practice to network

STAFF WRITER  |  TUESDAY, 29 AUG 2023
... was previously licensed through Millennium3, which Insignia Financial recently confirmed it is in the process of seeking a buyer for.

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... Meanwhile, AMP recently earmarked $50 million in response to a Federal Court decision regarding its contentious adjustment to Buyer of Last Resort (BOLR) terms. Its changes caused a marked reduction in the practice valuations of AMP Financial Planning ...

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... price," court documents show. AMP closed its books on the first half of 2023 financial year provisioning $50 million for the buyer of last resort class action. It is fighting two other legacy class actions that it says, "have not yet been quantified ...

AMP provisions $50m in response to class action

ANDREW MCKEAN  |  THURSDAY, 10 AUG 2023
... later than the end of the year." In July 2023, the Federal Court ruled against AMP over its controversial change to the Buyer of Last Resort (BOLR) rules, backing AMP Financial Planning advisers who protested against the decline in their business valuations ...

Commercial property deals stuck at 2011 levels

JAMIE WILLIAMSON  |  THURSDAY, 3 AUG 2023
Sales of local commercial property assets have dropped to the lowest levels since 2011 for the second straight quarter, says MSCI. Latest data from MSCI shows transaction volumes in Q2 were down 61% year on year, coming in at $7 billion. This was down ...

Mortgage holders, retailers relax after rate pause

KARREN VERGARA  |  WEDNESDAY, 2 AUG 2023
Mortgage holders and retailers breathed a resounding sigh of relief when the Reserve Bank of Australia (RBA) steadied the cash rate for the second month in a row. In leaving the base rate at 4.1%, the RBA signalled that its monetary policy strategy ...

Insignia Financial plans advice business transformation

JAMIE WILLIAMSON  |  THURSDAY, 27 JUL 2023
... organisations over the sale of Millennium3, with Mota saying the process is being undertaken with a focus on ensuring any potential buyer aligns with the culture of the group's advisers. "It is a specialist business, and quite different to the other ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
Life and general insurance companies are withstanding the shocks of inflation as investors look to the sector as a shield from wider economic uncertainties. Financial advice firms that specialise in life insurance are experiencing solid demand from ...

UniSuper awards impact mandate, inks industrial deal

CHLOE WALKER  |  TUESDAY, 25 JUL 2023
UniSuper signed an exclusive institutional mandate with a boutique impact investor, while also purchasing an industrial portfolio from a major global pension fund worth more than $1 billion. The $120 billion super fund has mandated NorthStar Impact ...

PE success all about fund selection: Rest

CASSANDRA BALDINI  |  WEDNESDAY, 19 JUL 2023
Australia's private equity market solidified its position as the fastest-growing sector to boost private capital markets in 2022, following a raising of about $9 billion. When hunting returns off the back of its success, Rest head of private equity ...