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Showing 31 - 40 of 49 results for "Premium income"

PIF Investor action group claim small victory

RACHEL DAVIS  |  FRIDAY, 10 JUN 2011
... following an injunction application by PIF Action Group (PIFAG). PIFAG is seeking an injunction to cancel units in the Premium Income Fund (PIF) issued via a recent capital raising. The group also want to reverse changes to the constitution and restrain ...

Investor revolt threatens 30 fund managers

ALISON BEVEGE  |  WEDNESDAY, 18 MAY 2011
An action group of disgruntled investors are trying to remove the 30-member management team of Wellington Premium Income Fund. The unit-holder action group says it represents 27 per cent of the investors in PIF and has taken steps to convene a meeting ...

Unitholders ask ASIC/NSX to ban cap raising

ELISE BURGESS  |  MONDAY, 9 MAY 2011
Premium Income Fund unitholders have requested regulatory bodies stop a planned capital raising, deeming the raising as 'unfair' to all unitholders. In a letter to the Australian Securities and Investments Commission (ASIC) and National Stock Exchange ...

ASIC takes MFS Group to court

COMPANY RELEASE  |  MONDAY, 2 NOV 2009
... Australian Securities and Investments Commission (ASIC) alleges that officers in MFS Investment Management caused the Premium Income Fund to transfer $130 million to MFS Administration in November 2007 so it could pay financial obligations to other MFS ...

AMP posts profits, AUM falls

MICHELLE BALTAZAR  |  THURSDAY, 19 FEB 2009
... Contemporary Wealth Protection arm posting a 29 per cent rise in earnings to $154 million. Individual risk annual premium income rose by 17 per cent to $547 million, thanks to new business, increased planner activity and third party distribution. New ...

Master trusts and industry funds drive risk growth

COMPANY RELEASE  |  MONDAY, 9 FEB 2009
... also expected to fuel this growth, the research found. Overall, the total life risk insurance market, in annual premium income terms, is expected to top $26 million per annum in the next 15 years, representing 9.4 per cent per annum growth.

Changing of the guard: TOWER

RUTH LIEW  |  FRIDAY, 8 AUG 2008
... and is one of the largest private life insurers in Japan with over eight million policy holders, $33.9 billion premium income, $2.58 trillion policies in-force and $349 billion of total assets.

MFS breaches $184m loan

RUTH LIEW  |  TUESDAY, 25 MAR 2008
MFS Premium Income Fund is engaging the Bank of Scotland in talks following a multi-million dollar loan facility breach. The fund's auditor, PricewaterhouseCoopers notes the fund has breached a loan facility of $184 million with third party bank, the ...

Market Wrap - Midday

AAP  |  TUESDAY, 13 NOV 2007
... Australia Group had risen two cents, or 0.45 per cent, to $4.47 at 1219 AEDT after it confirmed it expects to grow its premium income by between seven and nine per cent this year. Shares in Fletcher Building had soared 18 cents, or 1.91 per cent, to ...

Mellon wins $17.5m MFS mandate

CHRIS NICHOLLS  |  MONDAY, 23 JUL 2007
... Global Investments Australia has won a $17.5 million mandate from MFS Investment Management (MFSIM) to manage their Premium Income Fund. Managed by the Australian-domiciled Mellon Global Bond Alpha Trust, the trust actively invests in global fixed income ...