At the 10th anniversary of teleclaims, the majority of BT’s retail life insurance claims are now processed without filling in forms

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The majority of BT’s retail customers who are making a claim under their life insurance policies are now doing so by teleclaim, without the need to fill out claim forms. This makes for a more convenient, faster and efficient process, during what is often a very stressful time for customers. Since BT’s first-to-market launch of […]

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Schroders expands its private assets offering in Australia

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Schroders has launched a private equity fund for Australian investors and has signalled its intent to offer more private asset solutions locally. The Schroder Specialist Private Equity Fund (SSPEF) aims to provide a greater range of investors with access to the often hard-to-reach global private equity markets. Chris Durack, Schroders Australia CEO, says the fund […]

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AMP completes sale of life insurance business to Resolution Life

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AMP Limited has announced the completion of the sale of its life insurance business, AMP Life, to Resolution Life for A$3.0 billion delivering a key priority in AMP’s transformation strategy. The total sale proceeds are A$3.0 billion comprising: A$2.5 billion cash; and A$500 million equity interest in Resolution Life Australia[1], a new Australian-domiciled, Resolution Life-controlled […]

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Equity Trustees appointed as superannuation trustee for AMP Life customers

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EQT Holdings Ltd (ASX: EQT) has announced the appointment of Equity Trustees Superannuation Limited as superannuation trustee for AMP Life Limited’s  (AMP Life) superannuation funds replacing current trustees N M Superannuation Proprietary Limited and AMP Superannuation Limited. AMP Life has more than $7 billion invested in these superannuation funds held by more than 340,000 Australians and […]

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Zenith completes the acquisition of Chant West

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Zenith Investment Partners has confirmed that it has completed the acquisition of the Chant West superannuation and consultancy business from ASX listed company Chant West Holding Ltd, (ASX: CWL). David Wright, CEO of Zenith commented, “We’re very pleased to complete our acquisition of the Chant West super and consultancy business and to welcome the Chant […]

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Copia signs exclusive partnership and launches Artisan Global Discovery Fund

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Copia Investment Partners has announced a strategic partnership with Artisan Partners, a global asset manager with $A172 billion under management worldwide as at 31 May 2020. Under the agreement Copia will act as exclusive retail distributor for Artisan Partners’ Global Discovery strategy in Australia and New Zealand. The Artisan Global Discovery Fund, an investment fund […]

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Implemented Portfolios delivers IMA solution to Wealth Today Advisers

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Australian based Managed Discretionary Account provider – Implemented Portfolios Limited (IPL) has announced it has entered into an agreement with Wealth Today to provide their financial advisers with an efficient Individually Managed Account (IMA) offering. Recently added to the Wealth Today Approved Product List, Implemented Portfolios’ scalable managed account solution is being made available to […]

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Australian Catholic Super breaks new ground with custom equities strategy for RetireSmart members

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The $9 billion industry superannuation fund Australian Catholic Superannuation & Retirement Fund (ACSRF) has joined forces with the global specialist implementation manager Parametric Portfolio Associates LLC (‘Parametric’) to offer members in its award-winning RetireSmart option a new custom-designed equities strategy with a focus on capital retention and income. In a new mandate, Parametric will manage […]

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Client care is at the heart of the newest partners at Pitcher Partners

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The Pitcher Partners network has announced six partners in the 2020 Partner intake. John Brazzale, National Chairman of the Pitcher Partners National Association congratulated the newest crop of partners, noting that this is welcomed news at a time when care, commitment and support is needed most. “Yesterday’s announcement is recognition of years of dedication of […]

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Strengthened loan provisions, new investment grade credit rating and potential Tier 2 capital issuance

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MyState Limited (ASX: MYS), the banking and wealth management group, has announced that it has strengthened its level of loan provisioning for the potential impact from the COVID-19 pandemic. In addition, Moody’s has assigned an investment grade issuer credit rating to MyState Limited of ‘Baa2/P-2’ (long term/short term). All ratings are under review for possible […]

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