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Tag: payouts

Shares of Singapore’s top banks fall after regulator limits dividend payouts for 2020

Finance
Automated teller machines of the three Singapore-listed banks: OCBC, DBS and UOB.Munshi Ahmed | Bloomberg | Getty ImagesShares of Singapore's top three banks tumbled on Thursday after the country's financial regulator asked lenders to cap dividends this year in light of the economic uncertainty, due in part to the coronavirus pandemic.The country's second-largest bank, Oversea-Chinese Banking Corp, suffered the biggest lose after ending the day at 3.82% lower than the previous day. Its peers DBS Group Holdings and United Overseas Bank fell 3.09% and 3.15%, respectively, at the close. The three banks account for around one-third of the benchmark Straits Times Index, which dipped 1.7% on Thursday.The country's financial regulator and central bank, the Monetary Author...
Insurers estimate virus payouts to UK firms to be £1.2bn

Insurers estimate virus payouts to UK firms to be £1.2bn

Business
Payouts to UK firms over coronavirus could cost £1.2bn, initial estimates from the Association of British Insurers (ABI) indicate.Close to £900m will go to a small number of firms that have infectious disease insurance, the ABI says.Watchdogs are predicting a rise in disputes between companies and insurers over whether their cover includes the financial fallout of Covid-19.The Treasury Select Committee is urging insurers to be fair with claimants. Most of the £1.2bn figure is made up of business interruption insurance, but only to those companies which took out specialist policies, such as Wimbledon organisers the All England Club, . ABI chief executive Huw Evans explain
Thomas Cook trustees plot to salvage pension payouts

Thomas Cook trustees plot to salvage pension payouts

Business
Thomas Cook’s pension funds have kicked off talks with specialist insurers about a deal to salvage the collapsed travel group’s retirement scheme benefits.Sky News has learnt that Steve Southern, chair of the trustees, is holding talks with several parties about a buyout deal that would avoid most of Thomas Cook's 14,000 pension scheme members facing a steep cut to their payments. Any deal with an insurer would be likely to involve a more modest cut to payouts than the 10% triggered by a pension scheme's transfer into the Pension Protection Fund (PPF) lifeboat.The discussions are at a very preliminary stage and - even if successful - will not result in a deal until after the Thomas Cook schemes have been through an assessment by the PPF.
Pet insurance payouts hit record of £785m

Pet insurance payouts hit record of £785m

Business
Payouts by pet insurers hit a record £785m in 2018, even though the number of claims submitted fell, according to the industry trade body.The Association of British Insurers (ABI) said this was down to the higher cost of increasingly sophisticated medical care.The size of the average claim jumped by £36, or nearly 5%, to £793.The ABI said the "overwhelming majority" of pet insurance payouts were to meet veterinary treatment bills. Less common claims included pet owners asking to be reimbursed for the theft of a pet, the cost of advertising to find a lost animal, as well as liability for when a pet damaged property or injured someone. However, the ABI says these claims were "tiny" compared with veterinary treatment bills. Senior policy adviser for pet ins
No more cash! 'Broke' Kardashian BEGS courts to reduce monthly payouts

No more cash! 'Broke' Kardashian BEGS courts to reduce monthly payouts

Entertainment
The Kardashian family net worth ranges from $ 900 million (£693 million) to $ 10 million (£7.7 million).While Kylie Jenner has a whopping empire with her beauty business, solo show and Keeping Up With the Kardashians, her other siblings haven't been quite so lucky.One in particular, is her older brother Rob Kardashian, who is struggling to dish out money for his daughter.He pays a whopping $ 20,000 (£15.5k) a month in child support for his two-year-old, Dream. Related Articles Paying the money to his ex girlfriend, Blac Chyna, he reportedly can't keep up with the hefty payments.According to TMZ, Rob has said he's "basically broke" and can't continue to pay.Although he agreed the cost in September 2017, Chyna's lawyer, Lisa Bloom, admitted they...