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Showing 1191 - 1200 of 6959 results for "Insurance"

FSC suggests CSLR improvements

KARREN VERGARA  |  MONDAY, 20 SEP 2021
... introduces minimum capital requirements for advice licensees and takes proactive oversight of professional indemnity insurance (PI) held by licensees. FSC chief executive Sally Loane said: "For the CSLR to genuinely be a scheme of last resort for consumers ...

Criminal charges filed against CBA

ELIZABETH MCARTHUR  |  FRIDAY, 17 SEP 2021
ASIC has brought 30 criminal charges against Commonwealth Bank for mis-selling consumer credit insurance, with the bank to plead guilty. The charges relate to CBA's promotion and sale of CreditCard Plus and Loan Protection policies as an add-on insurance ...

Statewide Super increases premiums

ELIZABETH MCARTHUR  |  THURSDAY, 16 SEP 2021
The $12 billion industry fund is upping insurance premiums from November. The fund, and its group insurer MetLife, communicated to members that from November a series of changes will be made to their insurance. These include an increase to premiums ...

ASIC provides licensing update

ELIZABETH MCARTHUR  |  THURSDAY, 16 SEP 2021
... received in the previous financial year. ASIC suggested that the increase was mainly due to licensing reforms relating to insurance claims handling and debt management services. ASIC approved 458 new AFSLs and ACLs, compared to 394 last year. ASIC also ...

CFS reduces premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
Colonial First State is reducing insurance premiums in its super funds, in a move that should benefit 220,000 members. Members of FirstChoice Employer Super, Essential Super, FirstChoice Personal and FirstChoice Wholesale Personal super products will ...

Zurich appoints head of product

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 SEP 2021
Insurance giant Zurich has appointed a head of product into a newly created role within its group insurance business. "Jennifer Faglioni was recently appointed as head of product, one of three newly created senior roles in Darren Wickham's group insurance ...

Pension fund backs Aussie insurance distributor

JAMIE WILLIAMSON  |  TUESDAY, 14 SEP 2021
... major Canadian pension fund has taken a 33.4% stake in the Greenstone, the Sydney-based distributor of several retail insurance brands. Ontario Teachers' Pension Plan Board has reached an agreement to acquire the stake from fellow Canadian pension giant ...

Kiwi markets regulator names new chief

KARREN VERGARA  |  TUESDAY, 14 SEP 2021
... in a number of complex and challenging environments," FMA chair Mark Todd said. "Her knowledge and experience of the insurance and banking industries will be particularly relevant for the increased role the FMA is to play in those areas." FMA general ...

Platinum LICs combine boards

KANIKA SOOD  |  WEDNESDAY, 8 SEP 2021
Platinum Asset Management's Asian equities and global equities LIC will now have a common board, as its Asia LIC's chair Malcolm Halstead retires. Platinum Capital Limited (ASX: PMC) and Platinum Asia Investments Limited (ASX: PAI) will both ...

AZ NGA takes stake in boutique

ANNABELLE DICKSON  |  WEDNESDAY, 8 SEP 2021
... Group is a self-licensed advisory firm with $300 million in funds under management, $2 million in annual in-force life insurance premiums and six financial advisers. The stake includes a cash component and capital funding for growth and future acquisitions. ...