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Showing 7331 - 7340 of 29079 results for "PRI"

Pandemic batters life insurers

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
The coronavirus pandemic has wiped out $1.4 billion from the books of life insurers and triggered a spike in claims, according to new research. KPMG's 2020 Life insurance insights reveals close to half of the firms it analysed are making a loss. ...

Northern Trust scores $20bn mandate

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
Northern Trust has been awarded a $19.8 billion pension fund mandate by a leading retailer, replacing a longstanding partnership with State Street. Marks & Spencer's Pension Trust appointed Northern Trust to provide asset servicing solutions, such ...

A new model is coming: Licensees

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
At the Association of Financial Advisers' Conference, a panel of licensee executives agreed that the advice industry will be pushed towards a new model in the coming years. The panel, facilitated by CoreData founder and principal Andrew Inwood, saw ...

Level premiums to remain

ANNABELLE DICKSON  |  THURSDAY, 15 OCT 2020
Despite the Australian Prudential Regulation Authority's (APRA) intervention to try and salvage individual disability income insurance, level premiums will continue to exist. Speaking on a panel at the Association of Financial Advisers Conference, MLC ...

Neuberger Berman bolsters distribution team

ANNABELLE DICKSON  |  THURSDAY, 15 OCT 2020
The $523 billion investment manager has strengthened its intermediary distribution with the appointment of a Sydney-based relationship manager, intermediary distribution. Zac Wallis has over 13 years' experience in the investment management industry ...

Australian Unity launches new fund

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
Australian Unity has launched the Australian Unity Future of Healthcare Fund aiming to increase the wellbeing of all Australians by investing in the future healthcare needs of the community. Australian Unity said the "first of its kind" fund will invest ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
At the Association of Financial Advisers annual conference, shadow minister for financial services Stephen Jones outlined Labor's vision for financial advice and admitted to apprehension on life insurance. Jones said, referring to the ASIC review ...

Chief economist update: Money buys happiness

BENJAMIN ONG  |  THURSDAY, 15 OCT 2020
Happy consumer makes the economy grow stronger. The result of the latest Westpac-Melbourne Institute consumer sentiment survey disproves the aged-old adage that "money doesn't buy happiness". Australian consumer sentiment surged by 11.9% to a reading ...

Westpac consolidates international operations

JAMIE WILLIAMSON  |  WEDNESDAY, 14 OCT 2020
Following a comprehensive review, Westpac is choosing to hone its focus on Australia and New Zealand, consolidating its international operations into just three branches. Having reviewed its Asia, Europe and US businesses, Westpac will now move forward ...

Vanguard launches new ESG offerings

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
Vanguard Australia has launched a new Australian shares ETF with an ESG focus, adding to its range of ethical investment options. The Vanguard Ethically Conscious Australian Shares Fund and ETF will invest in approximately 240 ASX listed shares with ...