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Showing 141 - 150 of 1239 results for "Insurers"

Australian investment market moves onward and upward

ANDREW MCKEAN  |  THURSDAY, 10 OCT 2024
... FUM has grown at an average annual rate of 8.3%. Institutional FUM, managed for large investors like pension funds and insurers, grew by 12% over the past year, while wholesale FUM fell by 2.3%. Interestingly, the indexed investments segment grew 24.2% ...

FAAA announces 2024 awards finalists

KARREN VERGARA  |  WEDNESDAY, 9 OCT 2024
... will be announced at the annual FAAA Congress in Brisbane on November 28. Separately, the Council of Australian Life Insurers (CALI) named its 2024 ReCALIbrate grant recipients. Nicole Bendeich, Calibre Life; Janice Choo, Big Oak Financial Services ...

Genetic test results to no longer hinder life cover

JAMIE WILLIAMSON  |  WEDNESDAY, 11 SEP 2024
Insurers will no longer be able to use genetic test results in life insurance underwriting, with a total ban to be introduced by the government. Earlier this year, the government consulted on the use of genetic test results in underwriting life insurance ...

APRA reorganises as it sets sights on superannuation

ELIZA BAVIN  |  WEDNESDAY, 28 AUG 2024
... structure. The corporate plan outlines how the regulator will maintain the "strength and stability of Australia's banks, insurers and superannuation trustees over the next four years". APRA's top priorities will include working with ASIC to ensure superannuation ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... order, including home detention. CSLR chief executive David Berry recently warned AFSLs and their professional indemnity insurers (PII) that fail to pay a determination under the scheme will see their licence revoked. While the cancellation might not ...

Australia's safety nets 'stretched too thin': CALI

MATTHEW WAI  |  MONDAY, 12 AUG 2024
A new report commissioned by the Council of Australian Life Insurers (CALI) revealed that Australians are experiencing higher living costs and increasing mental health issues, making reliable financial safety nets more important. The inaugural State ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
AFS Licensees (AFSLs) and their professional indemnity insurers (PII) that fail to pay a determination will potentially see their licence revoked if the Compensation Scheme of Last Resort (CSLR) has to intervene. CSLR chief executive David Berry warned ...

BNP Paribas in talks to buy AXA Investment Managers

JAMIE WILLIAMSON  |  FRIDAY, 2 AUG 2024
... management. Benefiting from a critical size in public and alternative assets, BNP Paribas would serve its customer base of insurers, pension funds, banking networks and distributors more efficiently." "The strategic partnership entered into with AXA ...

Allianz Retire+ joins CALI

MATTHEW WAI  |  TUESDAY, 30 JUL 2024
The Council of Australian Life Insurers (CALI) has welcomed Allianz Retire+ as its newest full member. Joining as the 20 th member, Allianz Retire+ chief executive Adrian Stewart said he believes the move will better serve the advancement of the life ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... how the scheme is funded. The top 10 APRA-regulated financial institutions, excluding superannuation funds and health insurers, will also foot the bill. The federal government will only fund the period between 4 April 2024, when the CSLR officially launched ...