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Business 03 Mar 2021 | 7:00 AM

Aussie pension assets at a high

SYDNEY: Australia’s pension pot exceeded A$3 trillion (US$2.3 trillion) in assets in December, aided by the rebound in global stocks as tech shares rallied and Covid-19 vaccines were rolled out.

Business 23 Feb 2021 | 7:00 AM

Aussie’s BoQ bulks up with US$1.1bil ME Bank purchase

SYDNEY: Bank of Queensland Ltd (BoQ) will buy ME Bank, a digital lender owned by 26 industry pension funds, for A$1.33bil (US$1.05bil), the pair said, as the second-tier lender chips away at the lead of Australia’s “Big Four” banks.

Insurance 08 Feb 2021 | 7:00 AM

Prudential CEO mulls shrinking ‘low growth’ businesses

NEW YORK: Prudential Financial Inc, which has already halted sales of some variable annuities, said that it will also consider scaling back its individual life insurance and other “market sensitive, low growth” businesses.

World 30 Jan 2021 | 1:40 AM

British stocks down 1.82 pct Friday

LONDON, Jan. 29 (Xinhua) -- British stocks decreased on Friday, with the benchmark FTSE 100 Index down by 1.82 percent, or 118.69 points, to close at 6,407.46 points.