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Showing 681 - 690 of 8321 results for "retail"

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... review. Risk products recorded a $400 million profit in FY23, down from $1.2 billion in FY22, largely driven by reduced retail profitability in lump sum and disability income products. Non-risk products posted a $700 million profit, up from a $600 million ...

Challenger posts record annuity sales

CASSANDRA BALDINI  |  TUESDAY, 17 OCT 2023
... on new business annuity sales increased to 9.8 years in the quarter, up from 5.5 years in the pcp. Meanwhile, domestic retail sales decreased 4% to $945 million, reflecting higher lifetime annuity sales and fixed term annuity sales of two years or more ...

ISPT to offload retail, office properties

JAMIE WILLIAMSON  |  MONDAY, 16 OCT 2023
... desired scale and sector allocation goals of the fund," ISPT said. As such, ISPT is to commence the sale process of four retail centres - Melbourne's GPO, The Strand Melbourne, Halls Head Central WA, and Eastgate Bondi Junction - as well as one office ...

Crypto exchanges to obey financial services rulebook

ANDREW MCKEAN  |  MONDAY, 16 OCT 2023
... honestly, and fairly." Further, they'll be required to manage conflicts of interest and establish a compensation mechanism for retail clients who incur loss or damage due to breaches of AFSL obligations. In a joint statement, treasurer Jim Chalmers and ...

Pengana launches first global private credit fund

CHLOE WALKER  |  WEDNESDAY, 11 OCT 2023
... global private credit investment fund for Australian wholesale and sophisticated investors, with several offerings for retail investors to follow. The Pengana Diversified Private Credit Fund offers Australian investors greater access to global private ...

Private credit boom sweeps Australia

KARREN VERGARA  |  TUESDAY, 10 OCT 2023
... interest coverage ratio for these firms is currently 2.5x." According to PitchBook, global private debt institutional and retail investors' assets under management totalled US$1.8 trillion at the end of 2022 (retail investors hold US$200 billion). ...

Magellan FUM, share price tumble

ANDREW MCKEAN  |  FRIDAY, 6 OCT 2023
... net outflows. At September end, the ASX-listed company's FUM stood at $35 billion, consisting of $16.2 billion from the retail segment and $18.8 billion from the institutional side. In comparison, Magellan's FUM in August was $39 billion - $17.5 billion ...

Platform fees, poor resourcing a red flag for regulator

JAMIE WILLIAMSON  |  TUESDAY, 3 OCT 2023
... this can leave firms susceptible to severe outages and service degradation incidents due to surges in service demands and retail investor activities." She said firms' resources should be "commensurate to the scale and nature of [your] business operations ...

Risk sector grows 4%: Research

KARREN VERGARA  |  FRIDAY, 29 SEP 2023
... industry. The latest data from Plan For Life shows that TAL continues to hold the lion's share of the group insurance and retail market. The group insurance sector saw a 3.7% year-on-year increase in inflows, with Zurich reporting the highest growth ...

AIA welcomes new group partnerships lead

JAMIE WILLIAMSON  |  WEDNESDAY, 27 SEP 2023
... roles within CommInsure, including overseeing corporate fund partnerships and business development for masterfunds and retail risk products. He's also previously worked with Roy Morgan, OnePath and Allianz. In the new role, Stavliotis will report to ...