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Showing 121 - 130 of 2901 results for %22group insurance%22

Wealth inequality divides Australia: Research

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
... Institute, Not a level playing field, examined the wealthiest and poorest 20% of the population and found that the high-income group have 200 times more in assets compared to the low-income group. This suggests that wealth inequality in Australia is ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... resulted in the share price dropping by almost 98% year on year. Following final bids, made by JPMorgan, PNC Financial Services Group and Citizens Financial Group, to rescue the bank, the global wealth giant was advised it won the auction. The FDIC's ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
JPMorgan Chase, PNC Financial Services Group, and Citizens Financial Group are said to be among those to toss their name in the ring to take over the embattled First Republic Bank. US regulators are rushing to sell First Republic and prevent yet another ...

ClearView appoints chief executive

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
The financial services group has appointed Nadine Gooderick to the role, with current managing director Simon Swanson set to retire after a 12-year tenure. Swanson will step down at the end of June, at which time Gooderick, currently the firm's ...

ASIC updates breach reporting guidelines

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... since its introduction on 1 October 2021. The updates include the clarification of circumstances in which licensees may group multiple reportable situations into one report. RG78 also includes several new updates, one of which is how to describe the ...

Link to offer Allianz Retire+ solution to super funds

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
Under a newly inked deal, members of Link Group's superannuation fund clients will have access to a suite of retirement income solutions from Allianz Retire+. Up first, Allianz Guaranteed Income for Life (AGILE) will be available on Link Group's Pathfinder ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... permanent disability (TPD) cover, and about 3.9 million had temporary disability income replacement insurance through group insurance arrangements in superannuation. The total value of insurance cover amounts to $3.3 trillion. While only a small proportion ...

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
... to the latest data on life insurance claims and disputes from APRA and ASIC, TAL is the largest player in the group insurance sector in Australia. TAL leads the life insurance market, boasting a 40.4% market share, insuring 3.9 million lives with annual ...

Super fund selection driven by fees: SCA

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
... insurance, only half knew their coverage (51%) and costs (54%). Full-time workers were more engaged with their group insurance, being more likely to be familiar with the types of insurance they had, the associated costs, and coverage details. Regarding ...

Digital advice association in the works

CASSANDRA BALDINI  |  TUESDAY, 11 APR 2023
... Advice global head of strategy and corporate services Andrew Baker. Speaking to Financial Standard, Baker explained the group, formed of "like-minded" digital advice providers, swapped notes during the QAR to establish common ground around some of the ...