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Showing 5481 - 5490 of 9320 results for "Red"

Life company profits flat

JAMES FERNYHOUGH  |  WEDNESDAY, 10 DEC 2014
... billion respectively. AMP's net profits were $510 million, while MLC's were $243 million. Other life companies that were in the red in APRA's last set of figures were MetLife (-$50 million) and Swiss Re Life (-$137 million), along with reinsurers Reinsurance ...

MTAA Super awards $200m global credit mandate

STAFF WRITER  |  WEDNESDAY, 10 DEC 2014
Industry fund MTAA Super has appointed AllianceBernstein to manage a $200 million global credit mandate. The AllianceBernstein Global Credit strategy is an actively managed global bond strategy with a research-driven investment approach. The service ...

MetLife US proactive lobbying lesson for Aust

ALEX DUNNIN  |  TUESDAY, 9 DEC 2014
Australian financial institutions looking for ways to creatively counter regulatory overreach should look to MetLife in the US that has set up a website called The Regulation Resource Centre to enlist the help of stakeholders and facilitate positive ...

Advisers debate insurance commissions ban

LAURA MILLAN  |  TUESDAY, 9 DEC 2014
Life risk advisers should avoid business structures based exclusively on commissions and start to look at ways to diversify their revenue,following the Financial System Inquiry (FSI) recommendations on life insurance and commissions. "There has been ...

Global shares tipped amid slow local growth

JAMES FERNYHOUGH  |  MONDAY, 8 DEC 2014
Investors in the Australian share market can expect sluggish growth at best in 2015, as the fall in commodity prices flows on to the wider Australian economy. Plummeting oil prices and the resulting sudden fall in the domestic share market in early ...

Inquiry asks for greater simple bond red tape reduction

MARK SMITH  |  MONDAY, 8 DEC 2014
The cost of issuing corporate bonds for the retail market should be reduced further by amending the simple bond legislation to make disclosure less complicated, the Inquiry into the financial system has said in its final report. In one of its 44 recommendations ...

Make financial firms more accountable for products: FSI

ALICE URIBE  |  SUNDAY, 7 DEC 2014
Making financial firms more accountable for the design and distribution of products and giving the Australian Securities and Investments Commission (ASIC) increased powers to safeguard consumers were central recommendations in the final report of the ...

Rename general advice, disclose ownership: FSI

LAURA MILLAN  |  SUNDAY, 7 DEC 2014
The name 'general advice' is misleading consumers and should be replaced with a term that helps reduce misinterpretation, the Financial System Inquiry (FSI) recommended. "The use of the word 'advice' may cause consumers to believe the information is ...

Murray's FSI: consumers win round one

ALEX DUNNIN  |  SUNDAY, 7 DEC 2014
Everything is political and especially so with the super-charged high stakes poker game on display in the Financial System Inquiry (FSI) where the battle lines were quickly drawn between financial product providers versus consumers. And after listening ...

Banks should hold more capital: Murray

AAP  |  SUNDAY, 7 DEC 2014
Australian banks should be forced to hold more capital to minimise their risk of failure and improve competition, the Financial System Inquiry has found. The final report of David Murray's blueprint for the future of Australia's financial system, released ...