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Life industry to launch frameworkBY ANNABELLE DICKSON | WEDNESDAY, 21 APR 2021 12:15PM
The life insurance industry is developing a Professional Standards Framework for all claims and underwriting professionals, with support from the Australian and New Zealand Institute of Insurance and Finance (ANZIIF).Read more: Life insurance, ANZIIF, TAL, Brett Clark, Jane Hume, Prue Willsford, AIA Australia, AMP Life, APRA, BT Life Insurance, ClearView, MLC Life Insurance, Zurich
In a year the average fund posted over 18% in returns, CommBank's Essential Super was the top one-year performer.
Superannuation funds can expect their results in the first performance test by August 31 under the new Your Future, Your Super reforms, according to an APRA letter sent Friday.
The Federal Court found that RI Advice Group's failure to provide rigorous oversight over a former financial adviser resulted in bad advice to consumer detriment.
Member of Parliament Tim Wilson will lead the charge to determine if big super's domination over the Australian sharemarket is stifling competition.
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