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Showing 531 - 540 of 2274 results for "Premium"

Dexus to acquire APN Property Group

KANIKA SOOD  |  TUESDAY, 11 MAY 2021
... favour of the scheme. "Dexus's all cash proposal represents compelling value to APN security holders including a material premium to APN's trading price," APN chair Chris Aylward said. "We believe the combination of the two businesses will provide incremental ...

TAL fund in SFT

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
TAL Superannuation and Insurance Fund members will be transferred to a new fund under a successor fund transfer. On 31 May 2021, all members of the $1.1 billion TAL Superannuation and Insurance Fund will be transferred to Mercer Super Trust by way of ...

Statewide not contesting ASIC allegations

KANIKA SOOD  |  MONDAY, 10 MAY 2021
The $10.8 billion industry fund will not contest ASIC's March allegations against the fund regarding administration of group insurance policies. O n March 4, the corporate regulator commenced civil penalty proceedings against Statewide alleging it had ...

Pallas hires executive director of lending

KARREN VERGARA  |  FRIDAY, 7 MAY 2021
... million of transactions to date. It provides funds for loans secured against non-specialised property assets - chiefly premium, city-fringe assets with values between $5 million to $40 million in Sydney, Brisbane and Melbourne. Chief investment officer ...

Disability income faces reckoning

KARREN VERGARA  |  FRIDAY, 30 APR 2021
The former chief executive of TAL has slammed life insurers' ineptitude in managing disability income products, invoking the industry to come together and find a solution by the end of the year. Speaking at the 2021 Actuaries Summit on Wednesday ...

Westpac settles life insurance class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
Westpac has settled a class action relating to life insurance sold through its financial advice network. The class action was brought against Westpac Group by Shine Lawyers in 2017. It claimed that between 2011 and 2017, customers who received financial ...

MIRA to acquire waste management firm

KARREN VERGARA  |  TUESDAY, 27 APR 2021
... company for about $2.3 billion. MIRA is offering to buyout ASX-listed BINGO (BIN) for $3.45 per share, representing a 33% premium on the target company's one-month average share price. Head of MIRA Asia-Pacific Frank Kwok said the proposal recognises ...

Clime appoints new chief executive

KANIKA SOOD  |  MONDAY, 26 APR 2021
Madison Financial Group's Annick Donat has been appointed the chief executive of Clime Investment Management. She will commence in the role on 1 May 2021. Donat was most recently the chief executive of Madison for over three years, before it was ...

Mainstream posts record quarter

KANIKA SOOD  |  MONDAY, 26 APR 2021
... SS&C's proposal is to acquire 100% of Mainstream at $2 per share, valuing the company at $285.7 million. It was a 67% premium to another bidder, Vistra's offer. Mainstream asked Vistra to either match or make a better offer by April 16 for which ...

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
The coalition has hinted that it will not eradicate commissions paid on life insurance products, acknowledging that financial advisers' bottom line has struggled since the introduction of the Life Insurance Framework reforms. While the government's ...