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Showing 721 - 730 of 3744 results for "Figure"

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... APRA and ASIC figures show in the six months to June 2017, only 84% of claims finalised via direct channels - the overall figure stands at 93% across all channels. Among its other findings, ASIC said consumers cancelled their policies in high numbers. ...

Super assets hit new record

STEPHEN FAY, DARREN SNYDER, KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... contributions dropped $7.6 billion to $109 billion over FY18 thanks to less member contributions. As for benefit payments, the figure reduced $3.4 billion to $70 billion. Industry Super Australia incoming chief executive Bernie Dean said new APRA data ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
Retail superannuation funds at CBA, NAB, AMP and other institutions could face criminal charges after the Royal Commission's team of lawyers highlighted several instances where corporate and superannuation law was breached. The closing submission ...

Aussie super asset allocation "riskier": Research

HARRISON WORLEY  |  MONDAY, 27 AUG 2018
... Switzerland has moved the needle the furthest in alternative asset allocation within pension funds, reaching 32% in 2017. See Figure 1.7. Japan has made the biggest move however, jumping from 3% in 2001 to 29% in 2017. Noting pension funds still invest ...

Chief economist update: Little market reaction from BOJ tweak

BENJAMIN ONG  |  FRIDAY, 24 AUG 2018
It may still be early days but the Bank of Japan's (BOJ) "tweaking" of monetary appears to have done nothing significant for the yen and the Nikkei-225 so far. At the conclusion of its July 30-31 monetary policy meeting - where it kept current monetary ...

Finance sector in top three for giving: Report

HARRISON WORLEY  |  MONDAY, 20 AUG 2018
An inaugural report shining a light on Australia's most philanthropic corporations shows 39 companies collectively invested $867 million in community causes in the 2016/17 financial year, with the finance sector highlighted for its contribution. The ...

ASIC defends enforceable undertakings at Royal Commission

KANIKA SOOD  |  FRIDAY, 17 AUG 2018
... community benefit payment that ANZ paid as a part of the July 6 EU was an amount suggested by the bank ($1.2 million) and not a figure commanded by the regulator. "They made very early on an offer of $1 million dollars and they also offered to pay ASIC's ...

NAB initially under-reported remediation bill to ASIC

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... full-year results, and that it might fare worse than other banks. "From our perspective, ASIC were asking for an update figure for a customer matter that was in there, which is the 108,000 customers [of] the TERP matter which we gave them," Hagger told ...

Praemium revenues inching towards $50m mark

KANIKA SOOD  |  MONDAY, 13 AUG 2018
... 22% over the previous year. All of its activities generated a net profit after tax of $1.4 million, double last year's figure. The business has become more efficient in the past year, with gross margins now sitting at 81.2%. Expenses as a percentage ...

Life insurance loyalty waning

JAMIE WILLIAMSON  |  MONDAY, 13 AUG 2018
... 6.1% said they did so following advice from a broker or adviser and 3.1% were recommended by a friend or colleague. The figure represents a high predisposition to switching or lack of brand loyalty in this market, Roy Morgan said. "This research has ...