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Showing 651 - 660 of 4335 results for "SLI"

LUCRF Super ups premiums for older members

KARREN VERGARA  |  THURSDAY, 13 JUN 2019
The $6.5 billion superannuation fund is "substantially" reducing premiums for younger members at the expense of members aged 50 and over. LUCRF Super is changing death and TPD, and death insurance cover from July 1 as part of the new Protecting Your ...

Millennial super products still just hype

KANIKA SOOD  |  WEDNESDAY, 12 JUN 2019
Millennials control $130 billion of superannuation money but most products pitched specifically at them have been slow to take off, new Rainmaker research shows. Australia had 19 superannuation products designed for millennials and marketed as app-based ...

J.P. Morgan wins custody mandate

KANIKA SOOD  |  TUESDAY, 11 JUN 2019
A global investment manager has extended its custody and funds administration relationship with J.P. Morgan with a new mandate. Neuberger Berman used J.P. Morgan as custodian when it launched its $413 million high-yield fixed income listed investment ...

Chief economist update: Oil market slides from bull to bear

BENJAMIN ONG  |  FRIDAY, 7 JUN 2019
Crude oil prices have dropped, turning this year's bull market into a bear market. Oil prices rallied nearly 50% from January to April this year on the back of the Fed's pause; China's stimulus measures and expectations of continued easy ...

AMP class actions consolidated

HARRISON WORLEY  |  MONDAY, 27 MAY 2019
The NSW Supreme Court has ordered only one of several class actions launched against AMP can proceed. In a judgement late last week, the NSW Supreme Court ordered only one of the five class action lawsuits filed against AMP in the wake of its Royal ...

Female fintechs make better investments

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 MAY 2019
A new report by KPMG reveals fintechs founded by women are better investments than their male-founded counterparts. The UK Fintech Focus report analysed how the gender of those who found fintechs correlates to the success of those start-ups. It found ...

The state of the banks

ELIZABETH MCARTHUR  |  TUESDAY, 7 MAY 2019
The big accounting firms have released their analysis of the big banks' half year results, noting a continued decline in cash profits for the first half of 2019. The major Australian banks reported a combined cash profit after tax from continuing operations ...

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
Westpac profits plunged 24% in the first half to $3.13 billion, as cash earnings fell across four of the group's five business divisions. "This is a disappointing result reflecting weaker business conditions and the bank dealing decisively with outstanding ...

Chief economist update: Not spring yet in the Eurozone

BENJAMIN ONG  |  MONDAY, 6 MAY 2019
Green shoots are appearing in the Eurozone just in time for spring. Eurostat reports its preliminary estimates show the single-currency region's GDP increased by 0.4% in the March 2019 quarter - better than market expectations for a 0.3% gain - ...

Westpac reveals Magnitude, Securitor adviser remediation

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
Westpac is set to repay more than 30% of the ongoing advice service fees charged by authorised representatives of Magnitude and Securitor. Westpac announced it would take a $357 million hit to cash earnings in its first half result based on currently ...