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Showing 601 - 610 of 2274 results for "Premium"

The rate that stops the nation

ELIZA BAVIN  |  TUESDAY, 3 NOV 2020
... effective rock-bottom, so a cut of any sort is a reflection of the grim economic situation," he said. According to CLSA Premium's Peter Boehm, the RBA will likely proceed with its decision to cut now that the federal budget announcement is out of the ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
Westpac has reported a "disappointing" full year result with statutory profit down a staggering 66% as a result of the ongoing pandemic and its anti-money laundering fine. Statutory profit decreased $4.94 billion to$2.29 billion while cash earnings ...

AMP valued at $1.85 per share

ELIZA BAVIN  |  MONDAY, 2 NOV 2020
... implied value of $1.85 a share, totaling around $6.35 billion. The offer, disclosed by AMP to the ASX on Friday, is at a 20% premium to the company's most recent closing price of $1.53. AMP's share price surged as much as 19.53% following the ...

HUB24 to acquire Xplore, offloads Paragem

ELIZA BAVIN  |  WEDNESDAY, 28 OCT 2020
... combination of cash and HUB24 scrip consideration valuing Xplore at a share price of $0.20. The valuation of Xplore represents a premium of 203% to the closing price of Xplore shares as at October 27. Xplore's board has unanimously recommended its ...

360 Capital moves to acquire Evans Dixon

KARREN VERGARA  |  TUESDAY, 27 OCT 2020
... takeover, taking its 19.55% share to full ownership. The offer price is valued at 61 cents per share, representing a 142% premium on Evans Dixon's net tangible assets, and a 54% premium to its trading price shortly after ASIC announced its was taking ...

Rest increases admin fees

JAMIE WILLIAMSON  |  MONDAY, 26 OCT 2020
Members of the $54 billion industry super fund will see their administration fees go up next month and will no longer see the benefit of tax deductions related to insurance premiums. Rest has notified members their admin fees will rise from November ...

Bell Direct hires for new service

ANNABELLE DICKSON  |  MONDAY, 26 OCT 2020
... welcomed the appointments. "We are pleased to welcome such a high calibre of talent which adds further bench strength to the premium grade service Bell Direct active investors want and need," he said. Both Phillip and Hsu will be based in Sydney and ...

Legacy AMP Life policyholders take premium hit

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
Some retail AMP Life customers received a steep premium increase on their income protection policies recently. Customers in a legacy product from the life insurer were notified by letter or email that following a review of premiums, they would be paying ...

Industry fund hikes income protection premiums

ANNABELLE DICKSON  |  FRIDAY, 16 OCT 2020
... benefit period for members who have selected a specific number of units and or a different waiting period will have their premium calculated using the waiting period multiplied by the units. The current cost per week for a 30 day waiting period is $1.1105 ...

Level premiums to remain

ANNABELLE DICKSON  |  THURSDAY, 15 OCT 2020
... "death knell" of level premiums as Australians still have insurance needs over the long term. "The whole basis of level premium is about putting protection in place for the long term and I think what we'll see is more and more level premium contracts ...