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Showing 21 - 30 of 6621 results for "Life"

Mine Super cuts fees, updates investment options

ANDREW MCKEAN  |  WEDNESDAY, 17 APR 2024
Mine Super is reducing the administration fees members pay next month as it moves forward with its merger with TWUSUPER. Effective May 20, the industry fund said administration fees will be lowered 25% from $52 to $39 per year for super members due ...

Financial advice exodus has 'bottomed out': ClearView

ELIZA BAVIN  |  WEDNESDAY, 17 APR 2024
... Financial which is expected to be complete in 1H FY25. Despite exiting the advice business themselves, ClearView said its life insurance business is well positioned to support double-digit underlying NPAT growth. It said it was "future proofing" the ...

Vale Wayne McGauley

ELIZA BAVIN  |  TUESDAY, 16 APR 2024
... asking questions, and above all, sharing stories and laughs," MacLeod said. "He was a master of engagement who enjoyed living life to the fullest. This is clearly reflected by how well regarded he was across all avenues of our industry. "He was a true ...

Life insurers struggle with code compliance

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
Life insurers continue to breach their own compliance code with more than 12,000 instances recorded, yet the body overseeing their conduct fears this is likely under-reported. The Life Code Compliance Committee (LCCC) saw another increase in the number ...

Global X adds new AI ETF

ELIZA BAVIN  |  WEDNESDAY, 10 APR 2024
... subsets of the AI theme, he added. "AI is not a flash in the pan, it's a structural shift which will change industries and life as we know it. Australian investors can use GXAI to invest in leading companies across the value chain of this megatrend which ...

IMF flags concerns over 'risky' private credit market

ELIZA BAVIN  |  TUESDAY, 9 APR 2024
... private credit waters, significantly upping their share of these less-liquid assets. This includes private-equity-influenced life insurance companies," it said. The IMF said though liquidity risks may appear limited at this current stage, a growing retail ...

Heartland finally gets regulatory approval for Challenger Bank acquisition

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... allow Challenger to scale and streamline its business. "Adding a digital domestic banking capability to sit alongside out Life and Funds Management operations will broaden the ways in which we provide financial security for retirement and will further ...

GQG and Magellan see FUM growth

ELIZA BAVIN  |  FRIDAY, 5 APR 2024
Both GQG Partners and Magellan Financial Group reported higher funds under management (FUM) today, but one has seen significantly more growth than the other. Magellan reported total FUM of $37.3 billion as at March 28, up from $37.2 billion on February ...

Treasury mulls transfer balance credit provision reforms

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
... is determined that members would be worse off, allowing them to retain any benefit gained. This includes some holders of life expectancy and market-linked pensions, Treasury explained. The consultation is open until April 24.

Suncorp sells NZ life business to Resolution Life

JAMIE WILLIAMSON  |  THURSDAY, 4 APR 2024
Resolution Life has acquired Asteron Life New Zealand for NZ$410 million. Resolution Life will buy the business from Suncorp Group. In doing so, it will become the second largest life insurer in New Zealand, with about 165 employees and a network of ...