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Showing 1301 - 1310 of 7045 results for "Insurance"

ASIC outlines approach to reforms amid uncertainty

JAMIE WILLIAMSON  |  FRIDAY, 13 AUG 2021
... comply with the new design and distribution obligations, new restrictions on hawking, the deferred sales model for add-on insurance, and updated internal dispute resolution requirements. Outlining the approach the regulator will take, ASIC chair Joe ...

Industry Fund Services executive departs

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
... unpaid super, including via collaboration with the ATO. In June, the head of group life consulting services for IFS Insurance Services Harumi Hancox joined AIA as its head of strategic partnerships, with responsibility for AIA's master trust clients. ...

Profit boost for CBA, ups remediation bill

KARREN VERGARA  |  WEDNESDAY, 11 AUG 2021
... Wisdom and CommInsure, which alleges that advisers failed to act in customers' best interest when recommending life insurance products. ASIC is also taking action against CFSI in the Federal Court regarding its communication to members about the ...

Government passes continuous disclosure changes

KANIKA SOOD  |  TUESDAY, 10 AUG 2021
... managing director Angus Armour said the changes to disclosure obligations will help companies against class actions and insurance costs. "This reform provides greater certainty for companies to make disclosures to the market, without the apprehension ...

Booming market for financial services jobs

ELIZABETH MCARTHUR  |  TUESDAY, 10 AUG 2021
... of Kaizen's recruitment assignments were completed within funds management, with the remainder across superannuation, insurance, private lending, and wealth management. The firm said there was strong demand in investment research, investment operations ...

Westpac sells life insurance unit

KARREN VERGARA  |  MONDAY, 9 AUG 2021
Westpac has agreed to offload its life insurance business to TAL Dai-ichi Life Australia for about $900 million. Westpac is due to make a $1.3 billion post-tax loss from the sale. The cash consideration of $900 million includes ongoing payments to Westpac ...

Evalesco acquires boutique firm

ANNABELLE DICKSON  |  THURSDAY, 5 AUG 2021
... platforms and investment managers," Thurecht said. In addition, Evalesco appointed Dominic De Minaur as a specialist insurance adviser. He joined from Integrity Life where he was a business development manager and was in similar roles at TAL and Asteron ...

Former Millennium3 representatives cop ban

KARREN VERGARA  |  TUESDAY, 3 AUG 2021
... secretary of NCFS between 4 September 2008 and 15 October 2020. Price has been an officer and director since 2007. NCFS, an insurance broker also known as Austbrokers, was an authorised representative of Millennium3 since 5 February 2004, providing financial ...

Financial Masterplan advisers banned

ANNABELLE DICKSON  |  TUESDAY, 3 AUG 2021
... Coast-based financial advisers for five years after they were found to have placed clients in inappropriate superannuation and insurance products. The corporate regulator believes Trent Allan and Fabrizio Urrutia were not adequately trained or competent ...

Data to improve TPD outcomes: ASIC

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
... flagging concerns including declining claim rates, withdrawn claims and poor claims-processing times. ASIC's Report 696 TPD Insurance: Progress made but gaps remain outlines the areas that need improvement from the nine life insurers that were identified ...