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| | | ASIC is providing life insurers a conditional relief that will last five years in circumstances where a policy needs to be reissued. The conditional relief pertains to Design and Distribution Obligations for financial products issued before 5 October ... |
| | | | ... liabilities, held on the business' balance sheet. The remaining $50 million is contingent on the transfer of AMP's stake in China Life AMP Asset Management by September 30 next year. If it doesn't occur, AMP will forfeit the payment. The agreement follows ... |
| | | | UBS has agreed to acquire the embattled Credit Suisse for $4.8 billion. As part of the deal, the Swiss National Bank (SNB) will provide an additional $160 billion (CHF 100 billion)) in liquidity assistance to support the merge. UBS plans to appoint ... |
| | | | The ASX rebounded slightly this morning following the overnight bailouts of First Republic Bank and Credit Suisse, but has since remained unsteady. This mornings slight jump - 0.3% - was pretty modest, CommSec senior economist Ryan Felsman told Financial ... |
| | | | ... other than in circumstances that match the existing hardship provisions - cases of extreme financial hardship or to pay for life saving medical treatment." As previously reported by Financial Standard, ASFA said the government's COVID-19 early release ... |
| | | | NEOS Life has taken home the top prize at the Association of Financial Advisers' Life Company of the Year awards, with TAL and MetLife named runners up. The win for NEOS Life marks the first time in five years that the top gong hasn't gone to TAL. Alongside ... |
| | | | The $465 million agreement, funded by Merricks Capital, will allow Milligan Group to acquire one of Sydney's last remaining CBD sites. Milligan Group plans to construct a 55-storey mixed-use commercial tower on the corner of Pitt and Hunter Streets ... |
| | | | ... seeking tax, and digital solutions," he added. In Australia, GBST serves names like Insignia, Macquarie Bank, and Generation Life for superannuation administration, while UniSuper, Qantas Super, and Cbus utilise its tax intelligence platforms. |
| | | | While Australia's life insurance industry grew steadily in the last year to $17.9 billion, its profits copped a beating from rising interest rates. Plan For Life's latest research shows that inflows rose by 3.4% in the year to September 2022. TAL continues ... |
| | | | ... go towards housing and education. "Imagine right now what you may have done with a $28,000 nest egg to get you started in life... And imagine what that will mean for your children," he probed. "As they go on to invest in education and housing, they will ... |
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