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Showing 601 - 610 of 4620 results for "Holding"

Mitsubishi UFJ Financial Group to acquire Link Group

KARREN VERGARA  |  MONDAY, 18 DEC 2023
Mitsubishi UFJ Financial Group (MUFG) is set to pay $1.2 billion for Link Group. MUFG's subsidiary Mitsubishi UFJ Trust & Banking Corporation (The Trust Bank) parties signed the scheme implementation deed today that will pay $2.26 cash for every ...

Fee consent forms, FDS overhaul concerns FAAA

KARREN VERGARA  |  MONDAY, 18 DEC 2023
... will not relieve consumers from having to provide consent on multiple forms, where the client has more than one product holding." Instead, the legislation should allow product providers to accept the standardised consent form for the deduction of personal ...

ASIC, APRA slam premium hikes

KARREN VERGARA  |  FRIDAY, 15 DEC 2023
... next two years. "Given an increase in claims volume and length, the small number of OnePath income protection customers holding cover with lifetime benefit periods were advised of relevant premium increases averaged over a two-year period," a OnePath ...

Local housing market to reach inflection point: Research

CHLOE WALKER  |  TUESDAY, 12 DEC 2023
... acknowledged by government, policy makers and industry as a critical issue," it said. "Unfortunately, with dwelling approvals holding well below average levels in 2023, it is likely new housing starts will also remain low, despite the national objective ...

SMSF Association blasts 'highly questionable' ASFA research

ANDREW MCKEAN  |  MONDAY, 11 DEC 2023
The SMSF Association has ripped apart the Association of Superannuation Funds of Australia's (ASFA) assertion, which is based on ATO sample data, that less than 1% of SMSFs with balances over $3 million have farm-related income. The government has ...

Advice firms must scale up to meet demand: AZ NGA

CASSANDRA BALDINI  |  WEDNESDAY, 6 DEC 2023
... paper, titled Ready or Not? A guide to building a super firm, the industry's current structure and composition is holding it back from reaching the 12.4 million Australians in need of professional advice but are still awaiting assistance. The paper ...

Ultra-low fees define basic ETPs

ANDREW MCKEAN  |  TUESDAY, 5 DEC 2023
... and the buy/sell spread. Notably, these combined costs represent the total cost of ownership for a 12-month period, but holding the ETP for more than a year often leads to a cost reduction, as the buy/sell spread - a substantial portion of the initial ...

Payday super timing, deliberate: Chalmers

CASSANDRA BALDINI  |  TUESDAY, 5 DEC 2023
... Chalmers has responded to criticism of the government's plans around the introduction of payday superannuation, saying holding off until 2026 is deliberate and will give employers plenty of time to get it right. Unpaid superannuation is equivalent ...

New Zealand sovereign wealth fund appoints acting chief

ANDREW MCKEAN  |  MONDAY, 4 DEC 2023
... 2021, after serving as chief internal auditor at ASB Bank. She has 25 years' experience in financial services and banking, holding key executive roles in finance and general management at AMP, ANZ, and ASB. In her current role, Steed oversees strategic ...

Billionaires of all ages watching AI: Research

CHLOE WALKER  |  FRIDAY, 1 DEC 2023
Across the globe, billionaires of all generations are watching and are likely to continue following the opportunities and risks of generative artificial intelligence (AI). The latest UBS Billionaire Ambitions Report, now in its ninth edition, surveyed ...