QBE shares plunge as interim profits hit and local boss ousted

QBE shares plunge as interim profits hit and local boss ousted

QBE has ousted its Australian country head and flagged local customers face price rises as the company moves to improve ailing profit margins.

  • bySally Rose

Latest

QBE lifts dividend as profit almost halves amid Brexit margin squeeze

QBE lifts dividend as profit almost halves amid Brexit margin squeeze

The insurer says falling interest rates and the fallout from Brexit meant it had to increase the value of its claims liabilities by $US283 million.

  • bySally Rose
Guvera backer AMMA Private Equity gets the cold shoulder from AVCAL

Guvera backer AMMA Private Equity gets the cold shoulder from AVCAL

The private equity industry has distanced itself from AMMA Private Equity,the outfit behind the $1.3 billion planned listing of Guvera.

  • bySally Rose
ASIC launches action against NSG Services in first FOFA'best interests'case

ASIC launches action against NSG Services in first FOFA'best interests'case

The corporate watchdog is making its first use of powers it was given three years ago.

  • bySally Rose
Superfund Partners and Elston partner to launch Superstash app

Superfund Partners and Elston partner to launch Superstash app

Superfund Partners and Elston have partnered to launch Superstash,a mobile app to convert young couples to SMSFs.

  • bySally Rose
Problems with REST's insurance indicative of wider issues

Problems with REST's insurance indicative of wider issues

The case of how one REST Industry Super member was denied a payout on her disability insurance highlights much broader problems in the system.

  • bySally Rose
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No answers from AMP on chairman Simon McKeon's departure

No answers from AMP on chairman Simon McKeon's departure

AMP,an advocate for improved corporate disclosures,has refused to shed any light on the shock departure of its own chairman Simon McKeon.

  • bySally Rose
Budget 2016:Why the super crackdown could add fuel to the housing affordability fire
ANALYSIS

Budget 2016:Why the super crackdown could add fuel to the housing affordability fire

A crackdown on superannuation tax concessions for the rich,coupled with a budget day cut to interest rates,could increase the flow of funds into negatively geared investment property.

  • bySally Rose
Budget 2016:Rich hit with $1.6 million super cap

Budget 2016:Rich hit with $1.6 million super cap

In a crackdown on superannuation tax perks,rich retirees will no longer be able to draw tax-free earnings from balances higher than $1.6 million.

  • bySally Rose
Super fund members wear price rise for less disability insurance

Super fund members wear price rise for less disability insurance

Workers are getting slugged with higher insurance premiums via their superannuation fees,prompting the regulator and other industry experts to question if they are getting value for money.

  • bySally Rose
Senate suggests tax,parental leave reform to boost women's super balances

Senate suggests tax,parental leave reform to boost women's super balances

Two senators have broken party ranks to back tax reform,better parental leave,and other measures.

  • bySally Rose