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Showing 7001 - 7010 of 7051 results for "Insurance"

APRA warns super funds and life insurers on "legacy issues"

... beneficiary entitlements or expectations." According to APRA, whereas product legacy issues are largely confined to life insurance and superannuation, obsolete systems are an endemic element of operational risk found across the financial services industry ...

Midday market wrap: AMP tests $5.00 mark again

... All Ordinaries index reflected the overnight losses on global share indices. The beleaguered financial services and insurance giant traded as low as $5.04 during the morning session, a fall of 2.7%. Promina, which has enjoyed strong support since listing ...

Retail managed fund assets down 1.6% in March quarter

... falls during the quarter were in unit trusts and in retail superannuation pensions with each category dropping by 6.2%. Insurance bonds also experienced a drop of 5.9% while deferred annuities decreased by 5.7% for the period. The $2.95 billion fall ...

Afternoon market wrap: Banks drag index to marginal loss

... to a 1.90 point loss on the All Ordinaries index, but Promina continued to attract investor support. The newly listed insurance and financial services group finished at $2.08, a gain of $0.06. Westpac was the only major bank to start the week on a positive ...

Income tax Budget gets mixed reaction

... Alan Oster, chief economist at the National Bank of Australia. "The days of large surpluses in good times to provide insurance for the bad times are gone forever it appears. But, at least, the economic forecasts are defendable with no apparent resort ...

Afternoon market wrap: AMP drags index lower

... afternoon session, and was helped to a 9.10 point loss over the day as a whole by a 4.3% fall on AMP shares. The troubled insurance and financial services giant, no stranger to bad news of late, received more late on Tuesday after the Takeovers Panel ...

Midday market wrap: Promina shows no stage fright on debut

Promina made a strong debut after a three-day institutional book-build set a price of $1.80 on the newly-listed insurance and financial services group. By lunch it was trading at $1.89. AMP also continued to find support from investors after a torrid ...

Retail investors to pay $1.70 per share in Promina

... cent of the total offer with retail investors taking the remaining 26%. The market capitalisation of the trans-Tasman insurance and financial services group, based on the institutional price of $1.80 per share, will be approximately $1.9 billion. Shares ...

Afternoon market wrap: Promina and AMP lead the index higher

... investors after institutional buyers bought in at $1.80. AMP finished at $5.44, a rise of 3 per cent for the troubled insurance and financial services giant, and a welcome move in the right direction ahead of its AGM on Thursday. The major banks all ...

APRA licensing process "easier" than AFSL: Littrell

... number of superannuation funds within the industry. "This is not our aim. In 2002, for example, we relicensed the general insurance industry. Of the roughly 150 applications received, only about five entries ultimately had their applications refused. ...