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

Search Results

Showing 121 - 130 of 1239 results for "Insurers"

Super, insurance, and bank boards' 'poor practices' targeted by APRA

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025
The boards of superannuation trustees, insurers, and banks are on notice, with APRA proposing changes to "strengthen and streamline" governance requirements. The regulator has released eight proposals in what marks the first "significant update" of ...

Insurance through superannuation stages a comeback

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
... whether the system designed to protect members is instead failing them at their most vulnerable. The research paper noted insurers are "generally prompt" in finalising death benefit claims, with the vast majority settled within two months and only a ...

BNP Paribas wins new custody mandate

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
... expanding services for insurance clients in Australia. The bank currently provides custody services to three of the top five insurers in Australia. The mandate with Medibank, which holds $3.7 billion in funds under management, follows several mandates ...

Financial services chips away at gender pay gap: WGEA

KARREN VERGARA  |  TUESDAY, 4 MAR 2025
... gap is 19.6%. On a median basis, median total remuneration worsened from 31.6% to 38.1% year on year. Among the life insurers, MetLife has an average remuneration pay gap of 22.3%. Across the superannuation funds, AustralianSuper and Aware Super each ...

Annuities' capital settings due for change: APRA

KARREN VERGARA  |  FRIDAY, 28 FEB 2025
... APRA's proposal to overhaul capital requirements for annuities is touted to be the most significant change for life insurers in more than a decade. The prudential regulator said it will detail its proposed changes in the second half of 2025. "This ...

Life insurers enhance domestic violence response

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
The Council of Australian Life Insurers (CALI) released new best practice guidance on family and domestic violence that sets new benchmarks for life insurers to better understand and engage with victim-survivors. The detailed framework will help Australian ...

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2025
... complete ban, which was announced in September 2024 following previous consultation on the widespread consequences of insurers using genetic test results when underwriting cover. Such consequences included insurers refusing to offer cover or varying ...

Super fund promotional expenses balloon: APRA

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... members," she said. "The first-time release of fund-level insurance data will enhance transparency and hold trustees and insurers accountable to improve the value and service members receive."

Natixis, Generali merger creates $3.2tn fund manager

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
... portion of assets is allocated in fixed income (65%). The rest is in equities (21%), and private markets and others (14%). Insurers and pension funds hold 61% of AUM, while institutional investors have 14% and retail and wholesale clients represent 25%. ...

Former AIA executive finds new gig

ELIZABETH FRY  |  THURSDAY, 16 JAN 2025
... with NMG Consulting." NMG Consulting focuses solely on investments, insurance and reinsurance markets. It works with insurers, reinsurers, fund managers and pension funds, banks and brokers to shape strategy, implement change and manage performance.