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Showing 931 - 940 of 2291 results for "Premium"

ANZ sells NZ life insurance business

ALEX BURKE  |  WEDNESDAY, 30 MAY 2018
... US-based global insurer. Cigna Corporation will acquire OnePath Life for NZ$700 million, which ANZ said represents a "slight premium to embedded value and is expected to generate a gain on sale of around NZ$50 million." This would, ANZ added, increase ...

Productivity Commission addresses superannuation lottery

DARREN SNYDER  |  TUESDAY, 29 MAY 2018
The Productivity Commission recommends an independent review of insurance in superannuation; that Australians enter default super once; and that super funds disclose trailing financial adviser commissions. These are a few of the 22 recommendations in ...

Global investment giant to acquire Investa fund

ALEX BURKE  |  MONDAY, 28 MAY 2018
... distributions declared or paid by IOF prior to completion. Investa said the distribution-adjusted proposal represents a 13.2% premium to IOF's ex-distribution closing price on 25 May 2018. Blackstone has yet to make a decision regarding the future ...

Life insurers should fund medical rehabilitation: MLC

KANIKA SOOD  |  MONDAY, 21 MAY 2018
There is division over whether or not private life insurers should be able to fund medical treatments for rehabilitating customers - the subject of a current Parliamentary Joint Committee - with giants like MLC Insurance and AustralianSuper batting ...

Government to ban default life insurance in super

ALEX BURKE  |  TUESDAY, 8 MAY 2018
The Federal Government will mandate that superannuation funds no longer have opt-out life insurance arrangements for members under 25 and those with low balances. Budget papers said this was being done as a means of "protecting Australians' retirement ...

Industry fund simplifies super access

JAMIE WILLIAMSON  |  TUESDAY, 1 MAY 2018
An enhancement to the online member portal of a $2.3 billion industry superannuation fund is making it easier for retirees to access their retirement savings. Once a member of Intrust Super reaches preservation age, a 'Join Pension' option now appears ...

Beer tap runs dry for $2 billion manager

KANIKA SOOD  |  WEDNESDAY, 18 APR 2018
... strong earnings growth" to satisfy market expectations. "The original investment theme was simple. We observed there were premium beer brands emerging which would allow for industry consolidation and a positive pricing environment. This story has now ...

Industry fund adds board director

JAMIE WILLIAMSON  |  FRIDAY, 13 APR 2018
A $9.2 billion industry superannuation fund appointed a new board director. Vision Super welcomed Australian Services Union executive president Lisa Darmanian in March, bringing the number of women on its board to four. "Lisa brings valuable experience ...

Default options safeguard retirement savings: Research

JAMIE WILLIAMSON  |  WEDNESDAY, 11 APR 2018
A University of New South Wales research initiative believes default superannuation and retirement options could prove beneficial in combating poor financial decision-making brought about by cognitive decline. Fresh insights from the ARC Centre for ...

Copia boutique appoints new portfolio manager

ALEX BURKE  |  TUESDAY, 10 APR 2018
... management skills to the team." Riggall's appointment occurs after Copia decided to transition the unit registry of the OC Premium Small Companies Fund, OC Dynamic Equity fund, OC Micro-Cap Fund, Vertium Equity Income Fund, Odey International Fund, Chester ...