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Showing 131 - 140 of 1239 results for "Insurers"

Top asset management trends for 2025

ANDREW MCKEAN  |  WEDNESDAY, 15 JAN 2025
... developments are "bringing this closer to reality." "Innovation has exploded, with both traditional and alternative managers, insurers, and recordkeepers/technology providers collaborating to release a stream of new products that promise more income ...

Adviser number growth shoots?

ANDREW MCKEAN  |  FRIDAY, 10 JAN 2025
... - show no significant growth year on year. He concluded this marks a challenging period for both active managers and insurers.

Permanent disablement claims for mental health explodes

ANDREW MCKEAN  |  THURSDAY, 5 DEC 2024
... increased by 732% over the past decade, according to a new report by KPMG, commissioned by the Council of Australian Life Insurers (CALI). Although the report noted that mental health claims increased across all age groups, it found that the "substantial ...

Firms treat CSLR as 'insurance policy': FAAA

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... you're able to access - nothing is going to be big enough to cover all of those losses," she said, noting that PI insurers do not insure for illegal behaviour or fraud. "The other issue that we face in this profession is with the AFSL layer and having ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
... said. Tranche 2 of the DBFO reforms will open limited advice to NCAs who work for banks, superannuation funds, and life insurers. It includes the proposed rationalisation of the best interests duty and removal of the safe harbour steps. This week is ...

Link between super and banking major priority in 2025: APRA

ELIZA BAVIN  |  MONDAY, 11 NOV 2024
... industry implementation of the new CPS 230 Operational Risk Management," she said. "APRA will continue to engage with banks, insurers and super trustees, as well as industry bodies and professional services firms, to ensure the industry is on track to ...

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
... cancellation due to delays in mail processing caused by the Christmas shutdown period, impacting 145 policies. AFCA said life insurers are required to provide correct notice under section 210(5) of the Life Insurance Act 1995. The delay meant that the ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... aware of the pre-existing condition. Additionally, ASIC said section 47 of the Insurance Contracts Act (ICA) prevents insurers from excluding coverage for non-disclosure of a pre-existing condition if the customer was not aware of it when taking out ...

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
The Council of Australian Life Insurers (CALI) is urging the federal government to take action on processing the second tranche of its Delivering Better Financial Outcomes (DBFO) package, saying any further delay could result in "generational impacts." ...

Down but not out: Busting defined benefit myths

ANDREW MCKEAN  |  WEDNESDAY, 23 OCT 2024
... the risk but enhancing the sustainability of these long-term obligations. When DB funds transition their liabilities to insurers, the benefits become "crystalised," meaning they are locked in and cannot be altered. This adds security for members, given ...