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Showing 661 - 670 of 2274 results for "Premium"

Fund manager outflows spread into June quarter

KANIKA SOOD  |  THURSDAY, 23 JUL 2020
... Magellan Financial Group (MFG) to "underperform" from neutral. "MFG's performance and flows continue to drive its premium multiple, but at ~25x 1yr forward P/E, 52% above peers, we see scope for the relative value premium to unwind and downgrade ...

Insurance premiums soar at Qantas Super

ELIZA BAVIN  |  FRIDAY, 10 JUL 2020
... "Insurers around the world have increased insurance premiums to cover the higher risk of claims being made." The new annual premium rates will increase from August this year and will almost double for some members. All insurance premiums are calculated ...

Qantas Super awards insurance mandate

ELIZA BAVIN  |  WEDNESDAY, 8 JUL 2020
... saying the COVID-19 pandemic in part led to the decision. "With the COVID-19 pandemic leading many insurers to review their premium rates, we have been negotiating with insurers to minimise any premium increases for our members," Qantas Super said. "When ...

WAM makes replacement bid for Keybridge

ELIZA BAVIN  |  TUESDAY, 7 JUL 2020
... letter to Keybridge shareholders. "In addition to providing KBC shareholders with the ability to exit their investment at a premium to NTA, the cash offer provides certainty of value for KBC shareholders. Certainty of value is attractive when considered ...

APRA heatmap sees members save on fees

JAMIE WILLIAMSON  |  TUESDAY, 30 JUN 2020
APRA analysis shows a significant proportion of MySuper members have been spared more than $100 million in fees in the last six months thanks to the introduction of its heatmap. Updating its MySuper heatmap to reflect changes in the fees charged, APRA ...

Industry fund ups insurance premiums

HARRISON WORLEY  |  THURSDAY, 25 JUN 2020
An $8.5 billion industry superannuation fund is increasing the cost of insurance premiums paid by members. Australian Catholic Superannuation and Retirement Fund is upping the cost of its death and total and permanent disablement unitised cover as it ...

Challenger raising $300m, to add IG bonds

KANIKA SOOD  |  MONDAY, 22 JUN 2020
Challenger is raising up to $300 million to add to its balance sheet and will invest further in investment grade fixed income. The institutional placement of $270 million is priced at $4.89 per share for about 55.2 million new shares representing 9% ...

Public super fund rejigs offering

KANIKA SOOD  |  WEDNESDAY, 17 JUN 2020
... are expressed as annual rates per $1000 of amount insured. (Number of days in the month/365.25) x (Amount Insured/1000 x Premium Rate)," the fund said in a notice to members. Defence Force personnel are paid employer contribution to superannuation at ...

Centuria launches takeover bid

ALLY SELBY  |  MONDAY, 15 JUN 2020
... security in Centuria. Based on the five day VWAP for Centuria, this is an offer price of NZD$1.00 per Augusta share, a 46% premium to the closing price of NZD$0.69 on Friday, June 12. Prior to the COVID-19 crash in mid-February, Augusta was trading at ...

Zenith defends LICs/LITs

ALLY SELBY  |  FRIDAY, 12 JUN 2020
... by adopting a longer term view. "The difference in annual returns based on whether a vehicle trades at a discount or a premium tends to vary materially in the short term (one year)," Zenith said. "However, when the holding period is expanded out to five ...