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Showing 1311 - 1320 of 7046 results for "Insurance"

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 flagging concerns including declining claim rates, withdrawn claims and poor claims-processing times.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 ...

Super, ASIC beneficiaries of advice challenges: Hearing

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... issue," Jacobsen said. When the discussion turned to remuneration, committee deputy chair Andrew Leigh asked how life insurance commissions differ from other forms of conflicted remuneration. Jacobsen said insurance is a grudge purchase and when faced ...

New AIA advice unit names chief executive

KARREN VERGARA  |  FRIDAY, 30 JUL 2021
... Wellbeing will operate under a separate AFSL to AIA Australia, offering personal advice to customers of CBA with life insurance and wealth needs. Advice will be provided by salaried advisers and AIA will extend employment offers to some CFP employees. ...

AMP sued over corporate super misconduct

JAMIE WILLIAMSON  |  FRIDAY, 30 JUL 2021
... another announced in May in which ASIC alleges several AMP companies continued to charge financial advice fees and life insurance premiums to more than 2000 customers after they had passed away. AMP did have some reprieve earlier this month however ...

Tidswell agrees it contravened Corps Act

KANIKA SOOD  |  THURSDAY, 29 JUL 2021
... MobiSuper Fund account, transfer funds held in the existing funds and to take out one or more policies of MobiSuper Fund insurance. The court said -- and ASIC and Tidswell agreed -- that Tidswell did not take adequate steps to review MobiSuper's ...

Six new ombudsmen at AFCA

KARREN VERGARA  |  WEDNESDAY, 28 JUL 2021
... ombudsmen. They both join AFCA in September. BizCover head of legal, risk and compliance David Short will join AFCA's insurance team in August. AFCA has promoted three of its own as ombudsmen: Vicki Carter and Mervyn Silverstein are new ombudsman within ...

Commonwealth FP under review, partially offloaded

ANNABELLE DICKSON  |  WEDNESDAY, 28 JUL 2021
... subsidiary of the insurer. With the two entities already in partnership following AIA's purchase of CBA's life insurance arm, this marks an expansion of that relationship and includes an advice referral arrangement for life insurance to AIA. ...

New role for Mutual Trust investment chief

KANIKA SOOD  |  TUESDAY, 27 JUL 2021
... before that. "With Graeme's experience in multiple sectors including superannuation, funds management, asset consulting, insurance and wealth management, we know he will bring a top level of leadership and expertise to our team across the board," Partners ...

Governance Institute of Australia names chair

KARREN VERGARA  |  TUESDAY, 27 JUL 2021
... financial services regulation at ASIC between 1998 and 2004. Some recent appointments include a directorship at Freedom Insurance Group and leading ESG research firm Regnan for a year. Vamos is currently a non-executive director of Mercer Superannuation ...

Advice association shutters

ELIZABETH MCARTHUR  |  TUESDAY, 27 JUL 2021
... was 14. With a shrinking adviser base, further rationalisation must happen," he said. First formed in 2015 as the Life Insurance Customer Group, the group aimed to give life insurance advisers "a voice in the Life Insurance Framework debate". As part ...