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Showing 31 - 40 of 1075 results for "Insurers"

MLC Life backs adviser platform

CASSANDRA BALDINI  |  WEDNESDAY, 16 AUG 2023
... Services head of digital Marc Fabris. It looks to centralise resources and provide a collaborative space for advisers, insurers, and service providers to connect, learn, and grow. The platform further aims to alleviate the obstacles encountered by advisers ...

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... considers the target market determinations to be deficient. Further, Court outlined the watchdog is keeping an eye on insurers. "Anyone who has renewed an insurance policy will be familiar with the various statements about the loyalty-based savings you ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... arose from the superannuation sector soared 31% to 6957. A large chunk of the complaints stemmed from super funds and insurers delaying the payment of death benefits. This rose a whopping 136% annually. Singh said that many super funds still make it ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... older, premiums go up, and life insurance companies are paid more commission," he said. As early as eight to 10 years ago, insurers became more aggressive. Level premiums also have seen their base rates lift by 10%-20% right across the board, Birt said. ...

Regulators begin FAR consultation

CHLOE WALKER  |  THURSDAY, 20 JUL 2023
... ASIC have commenced an early consultation on the Financial Accountability Regime (FAR), calling for input from ADIs, insurers and super trustees. Together, the regulators have released key materials for consultation to support the timely implementation ...

APRA finalises operational risk prudential standard

ANDREW MCKEAN  |  TUESDAY, 18 JUL 2023
... APRA has finalised Prudential Standard CPS 230 Operational Risk Management, which aims to enhance the ability of banks, insurers, and superannuation trustees to manage operational risks and respond to business disruptions. According to QMV legal, the ...

Institutions must raise the bar on cybersecurity resilience: APRA

CASSANDRA BALDINI  |  THURSDAY, 6 JUL 2023
... is leaving hundreds of institutions open to financial crime. The regulator plans to have assessed more than 300 banks, insurers and super trustees' compliance with CPS 234 Information Security by the end of the year. It has so far assessed 24% of entities ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
The disgraced director of Select AFSL, the company the Hayne Royal Commission exposed for hawking life and funeral insurance to vulnerable customers, has been banned from managing a company for five years, while his companies were fined $13.5 million. ...

Rising costs bite asset owners

KARREN VERGARA  |  MONDAY, 3 JUL 2023
... it harder to pass such expenses on to clients. About 200 global asset owners canvassed, which include pension funds, insurers, and endowments, reveal that they find it hard to implement material increases in flat fees for institutional clients via non-fee ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
Among other companies to confirm their involvement, a second US pension fund has notified members their personal information was stolen in the same breach impacting members of CalPERS. The California State Teachers Retirement System (CalSTRS) told members ...