HCF Life fined $750k for misleading contract termBY KARREN VERGARA | FRIDAY, 9 MAY 2025 12:26PMHCF Life Insurance has been fined $750,000 by the Federal Court for misleading the public about a pre-existing condition term under its Recover products. Related News |
Editor's Choice
Blue Owl launches fund to sophisticated investors
|Alternatives fund manager Blue Owl Capital has launched a private credit fund to local investors in partnership with Koda Capital.
Mercer SmartPath returns exceed 12%
|Mercer Super Trust's default lifecycle option made more than 12% p.a. for the 2025 financial year for members aged between 18 and 52.
Future Group reveals super fund returns, fee changes
|Future Group has revealed the returns for smartMonday, GuildSuper and Child Care Super while also announcing a fee reduction.
Adviser receives permanent ban over 'dishonest' conduct
|ASIC has permanently banned financial adviser Barry David King of Melbourne following several years of misusing client funds and falsifying documents.
Products
Expert Feed
Are US assets becoming less desirable?
There has been so much commentary, including by us, on the twists and turns of US trade policy - notwithstanding the latest 90-day truce with China - ...
Founder-led companies: What investors need to know
Founder-led companies have long been a lucrative hunting ground for investors.
Elevating your emerging markets game plan
Do emerging markets still belong in a modern investment strategy? If so, how do we appropriately weight emerging markets exposure?
AI, alternative data and sustainability in focus
As AI and alternative data reshape quantitative investing, here are some key insights from discussions with institutional investors.
Featured Profile
John Burke
GLOBAL CHIEF EXECUTIVE OFFICER
BENNELONG FUNDS MANAGEMENT LTD
BENNELONG FUNDS MANAGEMENT LTD
Bennelong Funds Management is like a mainline into the jugular of Australia's financial advice sector, with more than 6500 advisers channelling capital to its funds. But its global chief executive John Burke says the job's not done yet. Andrew McKean writes.
The exclusion for unknown pre-existing conditions has been in contravention of the insurance contracts act for more than 35 years. The fact that a clause of this nature was applied to a life insurance policy should have resulted in a far more significant fine.