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Showing 1421 - 1430 of 7046 results for "Insurance"

Pandemic boosts financial sector's engagement

KARREN VERGARA  |  FRIDAY, 23 APR 2021
... sector workers were deemed to be the most engaged. More than half (56%) of finance employees, working across banking, insurance, exchanges and brokerage, said they experienced between one or two more major workplace changes in the last year. One noticeable ...

Defined benefit fund in SFT

ELIZABETH MCARTHUR  |  FRIDAY, 23 APR 2021
... with $77 million in funds under management is completing a successor fund transfer to a Mercer subplan. Factory Mutual Insurance Company Superannuation (FMIC) members and assets will be transferred from the existing fund to a Mercer sub-plan which sits ...

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
The coalition has hinted that it will not eradicate commissions paid on life insurance products, acknowledging that financial advisers' bottom line has struggled since the introduction of the Life Insurance Framework reforms. While the government's ...

Pandemic spurs advice, insurance rethink

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
The COVID-19 pandemic has forced many Australians to review their life insurance cover and seek the help of a financial adviser. This is according to the annual MetLife Adviser-Client Relationship Report, which reveals that over 40% of the participants ...

Latitude IPOs despite spotted past

ELIZABETH MCARTHUR  |  WEDNESDAY, 21 APR 2021
... initial public offering. Latitude Financial has had a series of run-ins with ASIC over recent years. In 2017, Latitude Insurance (the trading name for Hallmark General Insurance, part of the Latitude Group) had to refund $1.1 million for poor consumer ...

Life industry to launch framework

ANNABELLE DICKSON  |  WEDNESDAY, 21 APR 2021
The life insurance industry is developing a Professional Standards Framework for all claims and underwriting professionals, with support from the Australian and New Zealand Institute of Insurance and Finance (ANZIIF). The framework is being developed ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
The federal government will fold the 2022 Life Insurance Framework Review into the Quality of Advice Review, taking over the responsibilities from ASIC. The Quality of Advice Review will consider the LIF Review as part of its wider mandate, Minister ...

Adviser-led TPD claim admittance rates fall

KANIKA SOOD  |  TUESDAY, 20 APR 2021
... data published by APRA and ASIC included death, total and permanent disability (TPD), trauma, and disability income insurance (DII) among others. It listed their admittance rates and claims paid out ratios for four channels (individual advised, individual ...

Former Aon Hewitt adviser banned

ELIZABETH MCARTHUR  |  TUESDAY, 20 APR 2021
... to MySuper. The letters omitted material information about the intended benefits of MySuper, such as lower fees and insurance premiums, ASIC said. The letters also failed to disclose that it would be in Hills' interests if members decided to opt out ...

MLC Life makes key appointments

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
MLC Life Insurance has made two senior appointments within its finance team, hiring from TAL and Integrity Life. Lesley Mamelok, who was formerly the acting chief executive of Integrity Life, has been appointed general manager, finance and deputy chief ...