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Showing 1631 - 1640 of 7331 results for "Life"

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... and unsuitable add on insurance being sold to consumers. This extended to insurance within superannuation (including group life insurance). On 10 December2020, the government passed laws that introduced a deferred sales model with a four-day pause between ...

OnePath to remediate over pressure selling

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
OnePath Life is repaying customers to the tune of $35 million due to poor telephone sales practices. Following an ASIC intervention and action, OnePath was found to have sold life insurance over the phone between 2010 and 2016 using pressure selling ...

Lifespan appoints compliance lead

KARREN VERGARA  |  MONDAY, 12 JUL 2021
Lifespan Financial Planning has hired a risk and compliance lead who was previously a financial adviser for the firm. Adrian Caspar joins the Sydney office with 15 years' experience in compliance, risk management, financial advice and governance. Caspar ...

Advice engagement jumps during COVID-19

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
... financial advice. Over 30% of advisers believe that COVID-19 has increased public awareness of their mortality and the need for life insurance. The majority (73%) of advised clients would think to call their advisers immediately in the event of an illness ...

BNY Mellon acquires Milestone

ELIZABETH MCARTHUR  |  FRIDAY, 9 JUL 2021
... industry innovation we've delivered for asset managers, fund administrators and asset allocators including pension funds, life companies, fiduciaries and multi-asset product providers," Milestone chair Geoff Hodge said. "We have made great progress collaborating ...

Lying rife in life insurance applications

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
Nearly 20% of Australians have lied on their life insurance application to get a cheaper policy, new research shows. Comparison site Finder's latest research revealed 3.8 million people have lied on their life insurance application. Men were found to ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
... worked together to launch two products ahead of the design and distribution obligations (DDO) regime. The FSC and members from life insurance, funds management and superannuation have collaborated templates for Target Market Determinations (TMDs) and ...

WaveStone co-founder retires

KARREN VERGARA  |  THURSDAY, 8 JUL 2021
WaveStone Capital's second co-founding principal has announced his retirement. Graeme Burke has exited WaveStone, the fund manager confirmed. Burke helped launch WaveStone in 2006 with Ian Harding and Catherine Allfrey as an Australian and New Zealand-focused ...

New chair for AIA Australia

ELIZABETH MCARTHUR  |  WEDNESDAY, 7 JUL 2021
... which AIA acquired, will be chairing the AIA Australia board. "Having served as deputy chair of AIA and chair of CommInsure Life, it's a privilege to now lead AIA Australia as chair," Yates said. "There are significant opportunities ahead, including ...

AMP Life CIO moves to HESTA

ELIZABETH MCARTHUR  |  WEDNESDAY, 7 JUL 2021
HESTA has a new head of portfolio management, nabbing the former chief investment officer for AMP Life. Jeff Brunton will move to the $62 billion industry fund, after a year as chief investment officer at AMP Life, followed by a year as deputy chief ...