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Showing 1041 - 1050 of 6957 results for "Insurance"

Six cases brought against Westpac now finalised

JAMIE WILLIAMSON  |  FRIDAY, 22 APR 2022
... brought to light by the Royal Commission in 2018. Earlier this month, BT Funds Management was fined $20 million in the insurance inside superannuation case involving members being charged premiums that included commissions and some paying commissions ...

Cyber attacks scare directors: WTW

ELIZABETH MCARTHUR  |  FRIDAY, 22 APR 2022
... concern is warranted; according to WTW there has been a 200% increase in ransomware claims notifications under cyber-insurance policies since 2019. "Ransomware has become a low investment, low risk and high reward method of cybercrime which organisations ...

APRA, ASIC publish life claims and disputes data

ANDREW MCKEAN  |  WEDNESDAY, 20 APR 2022
APRA and ASIC have released the latest Life Insurance Claims and Disputes Statistics publication that presents key industry-level claims and dispute outcomes. The publication featured outcomes for 20 Australian life insurers writing direct business ...

AustralianSuper drops premiums

JAMIE WILLIAMSON  |  THURSDAY, 14 APR 2022
AustralianSuper is decreasing some of its insurance premiums from May end, with members to see an average drop of 11%. From May 28, the cost of death, TPD and income protection will change depending on their cover type and work rating, the fund said. ...

Australian Ethical adds to investment committee

CHLOE WALKER  |  WEDNESDAY, 13 APR 2022
... Institutional Bank. He now sits on several investment committees and boards across funds management, infrastructure, and insurance. Commenting on the appointments, Australian Ethical chief executive and managing director John McMurdo said: "Australians ...

BT Funds Management fined $20m

JAMIE WILLIAMSON  |  FRIDAY, 8 APR 2022
... charge commission payments to superannuation members for seven years after they were banned. BT Funds Management charged insurance premiums that included commissions to close to 10,000 members of Asgard Independence Plan Division Two through to 2020 ...

Westpac fined $1.5m for mis-selling insurance

ANDREW MCKEAN  |  FRIDAY, 8 APR 2022
The Federal Court has ordered Westpac to pay a $1.5 million penalty for mis-selling consumer credit insurance with its credit cards and Flexi Loans, to customers who hadn't agreed to buy insurance policies. This penalty has come as a result of Westpac's ...

28% of super products rated AAA

ELIZABETH MCARTHUR  |  THURSDAY, 7 APR 2022
... have passed a range of comprehensive benchmarks and best practice measures across their investment performance, fees, insurance, operations, and extra services. The 193 products rated AAA in 2022 accounts for 28% of those assessed. It is also fewer products ...

Frontier bolsters consultant team

ELIZABETH MCARTHUR  |  TUESDAY, 5 APR 2022
... Mercer. Cecily Williams has been appointed principal consultant, working in a senior client facing role and covering insurance and superannuation amongst other sectors. Williams spent close to 25 years at Mercer, including a period as head of retail ...

Super fund restructures, adds new roles

JAMIE WILLIAMSON  |  THURSDAY, 31 MAR 2022
... reinventing how we serve our members better," Proebstl said. He added that legalsuper is currently undertaking a review of its insurance benefit design and benchmarking of services delivered by Link Group as its administrator. He said further announcements ...