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

Search Results

Showing 101 - 110 of 1964 results for "Insurer"

Brighter Super forges ahead with SFT

KARREN VERGARA  |  MONDAY, 17 APR 2023
Brighter Super has provided an update about its pending merger with Suncorp's superannuation business, which will officially occur on June 1. Suncorp Super or the SPSL Master Trust members will be transferred to Brighter Super and see their account ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
APRA is pushing back the implementation of its new operational risk management standard following industry feedback. Prudential Standard CPS 230 Operational Risk Management (CPS 230) was initially intended to take effect 1 January 2024 but will now ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
The prudential regulator is taking action against NobleOak Life for breaching its capital adequacy obligations. APRA said this morning that it will investigate the ASX-listed company's compliance process that led to breaches of capital adequacy requirements ...

Former AMP adviser pleads guilty to dishonest conduct

KARREN VERGARA  |  MONDAY, 27 MAR 2023
... added that the incomplete disclosure of the information by Fong meant the duty of disclosure owed by the clients to the insurer had not been met and they risked not being covered by AMP under the relevant policies. The District Court of Western Australia ...

Australian investors pivot portfolios

CASSANDRA BALDINI  |  THURSDAY, 23 MAR 2023
More than half of Australian institutional investors say the current environment is like nothing they've ever seen before and are taking action to rethink their strategies in accordance. Nuveen's EQuilibrium Global Institutional Investor Survey reported ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON  |  WEDNESDAY, 22 MAR 2023
... taken steps towards reducing frictions in their claims handling processes and some have even taken steps to oversee their insurer's processes. However, data on claims handling suggests more needs to be done, it said. It said some trustees are tailoring ...

Link Group appoints general manager

CHLOE WALKER  |  MONDAY, 20 MAR 2023
Meaghan Morberger will become Link Group's new general manager, client partnerships for its local retirement and superannuation solutions business (RSS). Morberger brings over 25 years' experience across superannuation, administration, banking and finance ...

New relief for reissued life policies

KARREN VERGARA  |  MONDAY, 20 MAR 2023
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 ...

NEOS named Life Company of the Year

CHLOE WALKER  |  FRIDAY, 17 MAR 2023
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 ...

Rising interest rates tank life insurer performance

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
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 ...