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Showing 131 - 140 of 2396 results for "protection"

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
... insurance offerings to members, which is much more user-friendly. She said: "Some also included a death, TPD, and income protection claims guide to help members, that's all good stuff." However, there is still room for improvement. "We do think that ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... enhancing their offerings. Across the funds reviewed, three million accounts had death and TPD cover and 800,000 had income protection cover. Primarily, ASIC looked at whether members were receiving better value from their insurance, whether claims handling ...

Virgin Money Super ups premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... weekly premiums will now be $4.55 for a total cover amount of $176,000. There will be no change to premiums for income protection insurance. There is also no change to the amount of cover offered. "Increasing costs isn't something the trustee does lightly ...

Jones to prioritise CSLR legislation

KARREN VERGARA  |  TUESDAY, 21 MAR 2023
Assistant treasurer Stephen Jones flagged he will prioritise the passage of the Compensation Scheme of Last Resort (CSLR) laws in a bid to strengthen consumer protections. "Right now, there are around 2000 cases on hold with the Australian Financial ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... consideration, to a total of $4.8 billion (CHF 3 billion). UBS said it will benefit from 25 billion Swiss francs of downside protection from the transaction to support marks, purchase price adjustments and restructuring costs, and additional 50% downside ...

Janus Henderson launches new credit ETF

CHLOE WALKER  |  WEDNESDAY, 15 MAR 2023
... by companies with robust sustainable practices and the potential to enhance outcomes for society's wellbeing and the protection of our planet," he said. Meanwhile, Janus Henderson Investors head of Australia Matt Gaden said the group is committed to ...

Australian Ethical adds to leadership team

CASSANDRA BALDINI  |  TUESDAY, 14 MAR 2023
... protections, but Australian Ethical cannot continue to support a company that appears to be failing to take biodiversity protection seriously," said Australian Ethical spokesperson Amanda Richman. "We've been clear that Australian Ethical would continue ...

CareSuper changes TPD definition, extends cover

ANDREW MCKEAN  |  TUESDAY, 14 MAR 2023
... for the extended death cover. The super fund is also increasing the maximum level pre-disability income for income protection cover. The maximum pre-disability income replacement will be increased from 85% to 87% of their pre-disability income, up to ...

US agencies act to prevent crisis

JAMIE WILLIAMSON  |  MONDAY, 13 MAR 2023
... resilient." The US$209 billion Silicon Valley Bank was closed over the weekend by the California Department of Financial Protection and Innovation. The Federal Deposit Insurance Corporation was appointed receiver and created the Deposit Insurance National ...

Court fines ANZ for dodgy introducer program

KARREN VERGARA  |  MONDAY, 13 MAR 2023
ANZ has copped a $10 million penalty for its home loan referral program that breached consumer credit protection laws. The Federal Court found that the bank's Home Loan Introducer Program enabled unlicensed third parties to refer customers to ANZ for ...