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Showing 551 - 560 of 2288 results for "Premium"

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 ...

Life industry to launch framework

ANNABELLE DICKSON  |  WEDNESDAY, 21 APR 2021
The life insurance industry is developing a Professional Standards Framework for all claims and underwriting professionals, with support from the Australian and New Zealand Institute of Insurance and Finance (ANZIIF). The framework is being developed ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
... reforms commenced on 1 January 2018, which capped upfront commissions on life insurance products at 88% in the first year's premium. The three-year transitional period is due for a review in 2022. Hume also flagged with confidence that the long-awaited ...

Adviser-led TPD claim admittance rates fall

KANIKA SOOD  |  TUESDAY, 20 APR 2021
New data from APRA and ASIC shows 81% of adviser-led TPD claims were admitted in 2020, down from 87% two years ago. The joint claims data published by APRA and ASIC included death, total and permanent disability (TPD), trauma, and disability income ...

Former Aon Hewitt adviser banned

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
ASIC has banned a former authorised representative of Aon Hewitt from providing financial services for four years. Andrew Hills has been banned following ASIC surveillance. He was an authorised representative of Aon Hewitt from February 2009 to December ...

Mainstream moves forward with SS&C

ANNABELLE DICKSON  |  MONDAY, 19 APR 2021
... share, valuing the company at $285.7 million. The valuation is 25.8x Mainstream's EBDITDA guidance and is an 87.2% premium to its equity of $152.6 million. SS&C's offer is at a 67% premium to Vistra's offer. As such, Mainstream has notified ...

Mainstream obtains superior takeover offer

ANNABELLE DICKSON  |  TUESDAY, 13 APR 2021
... per share, valuing Mainstream at $285.7 million. The valuation is 25.8x Mainstream's EBDITDA guidance and is an 87.2% premium to its equity of $152.6 million. SS&C's offer is at a 67% premium to Vistra's offer. As such, Mainstream has notified Vistra ...