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Showing 891 - 900 of 1726 results for "Provisio"

QSuper pays $4.6 million bonus

DARREN SNYDER | MONDAY, 24 OCT 2016

QSuper has paid more than $4.6 million to about 3000 members in the first three months of its accumulation to retirement transfer bonus initiative. The $65 billion fund said one member received $35,000 from the transfer bonus and the average eligible ...

Tobacco and super funds must split

JAMIE WILLIAMSON | THURSDAY, 20 OCT 2016

Institutional investors need to do more to combat investment in tobacco, with around $10 billion still invested via superannuation alone. Speaking at an Altius Asset Management event in Sydney yesterday, chief executive of Tobacco Free Portfolios Dr ...

ASIC finds life claim rates wildly inconsistent

ALEX BURKE | WEDNESDAY, 12 OCT 2016

ASIC has found a "considerable variation" in denied claims across life insurers, with TPD denial rates as high as 37% in one instance. The regulator has issued its industry review of life insurance claims, and found that while the majority (90%) of ...

More poor customer outcomes expected: Narev

JAMIE WILLIAMSON | WEDNESDAY, 5 OCT 2016

Commonwealth Bank chief executive Ian Narev anticipates there will be more cases of poor customer outcomes as an independent review of the bank continues. Narev told the ongoing parliamentary committee in Canberra yesterday that while CBA has implemented ...

ING investment in digital to see 5800 job cuts

KERRIE SYDEE | TUESDAY, 4 OCT 2016

ING Group has announced it will be cutting 5800 jobs in Europe as the bank seeks to reduce costs and invest further in its digital transformation. Speaking at the ING Group Investor Day in Amsterdam, chief executive Ralph Hamers announced an investment ...

MDAs overhauled by new regulations

JAMIE WILLIAMSON | FRIDAY, 30 SEP 2016

The operation of limited MDAs is to be terminated under new, long-awaited regulatory reforms released by ASIC yesterday. The regulator has made amendments to Regulatory Guide 179, the most significant being the removal of the regulated platform no-action ...

Next wave of super legislation rolls in

DARREN SNYDER | WEDNESDAY, 28 SEP 2016

Attempting to keep superannuation reforms on the move, Treasurer Scott Morrison released more draft legislation yesterday. Among the second tranche of legislation are plans to implement the $1.6 million transfer balance cap, limiting the amount an individual ...

Life insurance reforms to be re-introduced

JAMIE WILLIAMSON | MONDAY, 26 SEP 2016

A spokesperson for the Minister for Revenue and Financial Services Kelly O'Dwyer has confirmed to Financial Standard that draft legislation pertaining to the Life Insurance Framework (LIF) will be formally re-introduced in early October when Federal ...

YBR selling off accounting business

ALEX BURKE | MONDAY, 26 SEP 2016

Yellow Brick Road has entered into an agreement to sell its accounting business and legal practice. Under the agreement, DBR Advisory will acquire YBR's accounting business and related assets, including goodwill, plan and equipment, client information ...

Sentry Group partners for back office solution

KERRIE SYDEE | TUESDAY, 20 SEP 2016

Sentry Group has entered an exclusive joint venture arrangement with an ASX listed company which specialises in software development. Under stage one of the arrangement, Intiger Asset Management, a wholly own subsidiary of the Intiger Group, will provide ...

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Global X awards mandate for ETF business

ELIZA BAVIN | 12:33PM

Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA | 11:56AM

Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI | 11:09AM

The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA | 12:20PM

MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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