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Showing 151 - 160 of 2414 results for "Claims"

ClearView Wealth's profit bleeds 22% in HY25

MATTHEW WAI  |  FRIDAY, 28 FEB 2025
... (UNPAT) down 22% to $15.2 million in the six months to 31 December 2024, saying the slump was due to an "aberration" in the claims experience in the first quarter of FY25. Meanwhile, its group UNPAT was $12.5 million, a 28% decrease on the prior corresponding ...

Macquarie shutters 30-year-old fund

MATTHEW WAI  |  TUESDAY, 25 FEB 2025
... termination date on February 7. Macquarie believes the termination of the fund is "in the best interests of unitholders" and claims the process of the distribution will be proceeded "as soon as reasonably practicable". The fund was incepted in April ...

MLC wary of but not opposed to bitcoin

ELIZA BAVIN  |  MONDAY, 24 FEB 2025
... bitcoin's correlations with shares have trended up during times of capital markets turbulence, which undermines diversification claims,' Farmer said. "By the same token, bitcoin meaningfully outperformed in months where US shares delivered top-quartile ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... Bragg has questioned ASIC over how it handles investigations and proceedings against superannuation funds when it comes to claims handling delays. The back and forth with ASIC commissioner Simone Constant consisted largely of Constant repeating the regulator ...

CSLR levy pain could hit $123m: FAAA

KARREN VERGARA  |  THURSDAY, 20 FEB 2025
... government does not fix the numerous problems with the scheme. For the 2026 financial year estimate show that there are now 1092 claims relating to Dixon Advisory, of which 1030 are expected. These have an average cost of $121,000. Anderson said the ...

Insignia Financial improves losses amid takeover

JAMIE WILLIAMSON  |  THURSDAY, 20 FEB 2025
... market. "Importantly, Insignia will continue to internally provide key servicing and administration functions, including claims, complaints, product development, relationship management, marketing, and member education, advice and guidance." The results ...

Super's operational infrastructure 'not quite right'

ELIZA BAVIN  |  FRIDAY, 14 FEB 2025
... which have been heightened in the wake of Cbus and AustralianSuper admitting to failures to deliver timely death benefit claims - which it said stand as an indication that "something is not quite right" somewhere in the system. "We suspect this may reflect ...

EQT brings new strategy to Australia

MATTHEW WAI  |  FRIDAY, 14 FEB 2025
... investment period and lengthy lock-ups applicable to close-ended funds." Additionally, EQT partner Peter Beske Nielsen claims there are two trends emerging among investors, as these semi-liquid strategies continue to be a key focus for the firm. "For ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
... the fund's approach to honour any insurance coverage provided in error "for a number of reasons," including in case any claims arise. Separately, however, Consumer Champion owner Adam Glezer told Financial Standard about representing someone whose family ...

MLC Life recruits merger specialist

ELIZABETH FRY  |  THURSDAY, 6 FEB 2025
MLC Life Insurance has hired an integration specialist to execute its merger with Resolution Life Australasia to create the country's third-largest life insurer. As the general manager of integration, Peter Moutsatsos will lead a dedicated team ...