Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1161 - 1170 of 4514 results for "Cover"

Group insurance using shoddy data: Rice Warner

KARREN VERGARA  |  TUESDAY, 19 JAN 2021
... complexities of the Protecting Your Super and Putting Members Interest First legislations introduced new rules for switching cover on and off. "This has heightened the risk and prevalence of administrative errors which are notoriously difficult to successfully ...

Magellan continues fund restructure

ANNABELLE DICKSON  |  MONDAY, 18 JAN 2021
... exercisable into a closed class unit at a 7.5% discount to the net asset value at the time of exercise. Magellan Group will cover the cost associated with the 7.5% discount each time the option is exercised. Those eligible for the partnership offer must ...

MTAA, Tasplan reveal new brand

KANIKA SOOD  |  MONDAY, 18 JAN 2021
MTAA Super and Tasplan will take on a new name on April 1, as their $23 billion merger completes. The combined fund will be called Spirit Super and have 326,000 members and lower administration fees. MTAA Super chief executive Leanne Turner, who will ...

QBE takes final hit in FCA test case

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... business interruption (BI) policies," the FCA said. "Most SME policies are focused on property damage and only have basic cover for BI as a consequence of property damage. But some policies also cover for BI from other causes, in particular infectious ...

Chief economist update: Eurozone at risk of double-dip

BENJAMIN ONG  |  MONDAY, 18 JAN 2021
The longer the Eurozone takes to get on top of the resurgence, the longer the lockdowns, the greater the risk of a double-dip recession. COVID-19 infections in Europe started re-appearing and multiplying sometime around October last year. The growth ...

ASIC cancels stockbroker AFSL

ANNABELLE DICKSON  |  WEDNESDAY, 13 JAN 2021
... continues to have arrangements for compensating retail clients, including the holding of professional indemnity insurance cover and terminating existing arrangements with clients. Last year ASIC suspended Halifax's AFS licence until 10 January 2020 following ...

HESTA hikes group insurance premiums again

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... second time in a year, the $52 billion superannuation fund is increasing the total cost of its standard group insurance cover for members. HESTA's standard insurance cover -- which eligible members automatically receive upon signing up unless they ...

Lakehouse broadens investment team

ELIZA BAVIN  |  TUESDAY, 12 JAN 2021
Lakehouse Capital has added to its investment team, announcing two new appointments. Abi Malin and Kenny Mai have been named as new investment analysts with both having global investment experience. Malin has over five years of investing experience ...

The barriers to limited advice: Licensees

ANNABELLE DICKSON  |  MONDAY, 11 JAN 2021
The increasing cost of delivering financial advice coupled with lack of guidance and strategy documents are the major barriers to limited advice, according to licensees. The Australian Securities and Investments Commission's (ASIC) latest consultation ...

HESTA hires from Frontier

KANIKA SOOD  |  MONDAY, 11 JAN 2021
The $56 billion superannuation fund has hired Frontier's head of alternatives and derivatives. Michael Sommers has been appointed HESTA's general manager portfolio construction and risk and will join its investment leadership structure. Sommers ...