Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 491 - 500 of 2307 results for "Premium"

MLC to face court over insurance failures

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
ASIC is suing MLC over insurance failures spanning more than 20 years. The regulator commenced civil penalty proceedings in the Federal Court for insurance policy and service failures that occurred between 1999 and 2020. The action is against MLC Limited ...

Sequoia buys general insurance book

JAMIE WILLIAMSON  |  THURSDAY, 18 NOV 2021
... Financial Group has acquired the customer book of Tag Insurance Brokers, its associated business assets, and independent premium funding company. It has also secured a new general insurance AFSL which will allow SEQ General Insurance to operate in the ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
AMP has entered a court enforceable undertaking with APRA over historical matters related to its superannuation business. The CEU follows more than two years of investigation by APRA and relates to trustees AMP Superannuation Limited and N.M. Superannuation ...

Demand for niche advice firms increases

KARREN VERGARA  |  TUESDAY, 16 NOV 2021
... AFSLs with managed discretionary accounts can sell for $120,000, while those with forex capability are rare and generate a premium. After the 2012 Future of Financial Advice reforms and the Hayne Royal Commission report was released in Feb 2019, many ...

Link to provide due diligence information

ANNABELLE DICKSON  |  MONDAY, 15 NOV 2021
... PEXA Group to Link's shareholders worth $2.38 per Link share. The proposal values each Link Group share at a 24.2% premium to its last closing price. On the day of the takeover offer VanEck deputy head of investments and capital markets Jamie Hannah ...

Super funds handed holdings disclosure win

JAMIE WILLIAMSON  |  FRIDAY, 12 NOV 2021
... would know precisely where to pitch their bids." ISA said this would have robbed funds of the chance to sell assets at a premium. "ASFA has advocated that the holding valuation of unlisted assets should be disclosed as a range or bundled with similar ...

APRA finalises framework for insurance in super

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
APRA has finalised its revisions to guidance on insurance in superannuation, which was made in response to findings from the Royal Commission. APRA conducted extensive industry consultation on this matter over two years. Now, the completion of this ...

Cromwell names funds management head

KARREN VERGARA  |  TUESDAY, 9 NOV 2021
... entity of the Cromwell Ipswich City Heart Trust, sold 117 Brisbane Street, Ipswich for $144.9 million for a $16.4 million premium. In October, CFM agreed to acquire 100 Creek Street, Brisbane on behalf of unitholders in the Cromwell Direct Property Fund. ...

Carlyle Group bids for Link

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... Carlyle Asia Partners has made a takeover offer for 100% of Link Group, valuing it at $5.38 per share - a significant premium. Carlyle Group's offer is made up of $3 per share cash offer for Link Group and a pro rata distribution of Link Group's shareholding ...

PM Capital forges ahead with LIC merger

KARREN VERGARA  |  FRIDAY, 5 NOV 2021
... superior proposal and in return they will be offered PGF shares as consideration. PGF said its proposal represents a 23.8% premium to PAF's closing price based on September 10 data, and 24.3% premium to PAF's three-month volume weighted average price. ...