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Showing 621 - 630 of 2274 results for "Premium"

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
Commonwealth Bank has received another payment furthering the divestment of its life insurance business to AIA Group. CBA has received a payment of approximately $450 million for the sale of CommInsure Life with the proceeds resulting in a pro forma ...

IRESS caves in, ups OneVue bid

KANIKA SOOD  |  MONDAY, 28 SEP 2020
... subsequently confirmed to be towards the upper end of the independent expert's valuation range and represented a 67% premium to OneVue's closing price on 28 May 2020 [24 cents a share], the last trading day prior to the announcement of the scheme," ...

Group risk inflows fall 15%

ALLY SELBY  |  MONDAY, 28 SEP 2020
New research from actuary Plan For Life has found that overall group risk premium inflows fell 15% over the 12 months to June, with fresh legislation to blame. This includes the 'Protecting Your Super' legislation, which came into effect on 1 July 2019 ...

Corporate fund overhauls admin fees, premiums

ELIZABETH MCARTHUR  |  MONDAY, 28 SEP 2020
A $1.5 billion corporate superannuation fund has reduced death, total and permanent disability (TPD) premiums and administration fees - but income protection premiums will rise. Mercy Super reduced admin fees for super accounts from $1.10 a week plus ...

Bermuda-based fund launches down under

ALLY SELBY  |  WEDNESDAY, 23 SEP 2020
... is currently US$20 trillion." The fund invests in life insurance policies which it buys from the owner, paying for the premium until the insured person dies. The Life Settlements Fund then collects a pay-out form the insurance company. Laureola believes ...

AMP tops worst-performing super funds list

KARREN VERGARA  |  TUESDAY, 22 SEP 2020
... aggressive growth funds category, which invest in at least 80% of growth assets like shares and property, AMP Capital's Premium Growth (0.6% p.a.) topped the Fat Cat list, followed by six OnePath products, such as Select Leaders and OptiMix Balanced ...

Geoff Wilson feels sorry for CLF shareholders

ANNABELLE DICKSON  |  FRIDAY, 18 SEP 2020
... sufficient value for their CLF shares. WAM is offering shareholders two of its shares for 3.7 CLF shares, representing a 15.2% premium to CLF's share price on September 2 and a 7.6% premium to its reported pre-tax net tangible assets at July 31. ...

Tasplan raises IP premiums

KANIKA SOOD  |  TUESDAY, 15 SEP 2020
... or professional), waiting period (30, 50 or 90 days) and benefit period. Gross cost includes a member's insurance premium plus an admin fee of 4% of the premium. Net cost is gross cost minus tax deduction of up to 15% of the premium. Its group insurer ...

PEP acquires listed tech firm

KARREN VERGARA  |  TUESDAY, 15 SEP 2020
... technologies with new partners and advance and grow their careers," he said. The cash price of $5.70 per share represents a premium of 51.4% against the three-month volume weighted average price (VWAP) of $3.76 per share. CGL reached a peak share price ...

Australian Ethical rejigs insurance

ANNABELLE DICKSON  |  TUESDAY, 15 SEP 2020
... members' birthday. The occupation category will no longer affect the amount of cover that a member gets but instead the premium. Members that have fixed death and TPD or income protection will not have changes to cover and will remain the same until ...