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Showing 511 - 520 of 2274 results for "Premium"

BT Super for Life ups insurance premiums

KANIKA SOOD  |  TUESDAY, 6 JUL 2021
BT Super for Life will increase the cost of its standard life insurance cover by 13.1% from August 1. The standard cover includes death and TPD. As an example, a 34-year-old male member of BT Super for Life previously paid $11.41 each month for one ...

Life insurance drives economy: Research

ANNABELLE DICKSON  |  TUESDAY, 6 JUL 2021
The life insurance industry has emerged as a key driver of global economic growth, new research shows. The latest MetLife Value of Life Insurance report aims to increase customer engagement and noted life insurance provides stable, long-term investment ...

Westpac sells NZ life business

JAMIE WILLIAMSON  |  TUESDAY, 6 JUL 2021
Westpac announced the sale of its New Zealand life insurance arm, finding a buyer in Fidelity Life Assurance, which is backed by NZ Super Fund. The institution is selling the life insurance division for NZ$400 million ($373 million) in addition to a ...

QSuper, IFM bid for Sydney Airport

ANNABELLE DICKSON  |  MONDAY, 5 JUL 2021
... Airport. The unsolicited, indicative, conditional and non-binding proposal is offering $8.25 per share which equates to a 42% premium on the last closing price. The conditions include UniSuper, which holds 15% of Sydney Airport's securities, agreeing ...

WAM Global to acquire LIC

KANIKA SOOD  |  TUESDAY, 29 JUN 2021
... in looking to acquire LIC Milton Corporation, where SOL already had a shareholding. However, both those LICs trade at a premium to the underlying value of their assets.

Stonehouse acquires risk advice firm

KARREN VERGARA  |  MONDAY, 28 JUN 2021
Stonehouse Financial Group has acquired the books of a long-serving risk adviser who will leave the industry to pursue other interests. Financial adviser Greg Owen has sold his practice GJO Financial Services for an undisclosed amount to Jeremy Chiel ...

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
... excess premiums or the way they received the advice (within super or outside of it). The respondents wanted the "excess premium" requirement to be included in the group definition. The judge went one step further, adding the excess premiums should have ...

Soul Patts to acquire LIC

KANIKA SOOD  |  TUESDAY, 22 JUN 2021
... with MLT to acquire all of its remaining shares for a total consideration of about $6 per MLT share via scrip. This is a premium to MLT's NTA (both pre-tax and post-tax) as well as its shares' current trading price. If successful, the transaction ...

Aware Super, MIRA acquisition progresses

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
... Macquarie Infrastructure and Real Assets (MIRA). The consortium's bid values Vocus at $5.50 per share, which is a 31.8% premium to the 1-month VWAP prior to the offer. There is also a $35 million break fee payable by Vocus. The FIRB approval is the first ...

Catholic, Equip SFT to see Fairley exit

JAMIE WILLIAMSON  |  FRIDAY, 18 JUN 2021
... of one of the founders of SPC, Fairley's orchard produces about 100 tonnes of fruit per year and is now a boutique premium producer. "I'm not short of things to do and I have no interest in going home to mow the lawns," he said. But for any super ...