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Showing 1711 - 1720 of 7046 results for "Insurance"

Front loaded discounts lead to worse outcomes

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... advisers. All too often it is financial advisers that bear the brunt of these poor insurer practices." The retail life insurance industry has adopted these discounts to gain market share but the research demonstrates how over five to 20 years, policies ...

Wealthy Aussies panic buy life insurance

ANNABELLE DICKSON  |  MONDAY, 17 AUG 2020
High net worth investors have resorted to panic buying life insurance products as a result of the COVID-19 pandemic despite low trust in the providers, according to the latest research from GlobalData. The analytics and data firm's 2020 Global Wealth ...

Chief economist update: COVID-19 cycle

BENJAMIN ONG  |  MONDAY, 17 AUG 2020
... and hospitality sectors are hardest hit, theseindustries have multiplier effects on the rest of the economy. Banking, insurance, farming (to name a few) and the personnel they employ would be affected. It then becomes a vicious circle where consumers ...

Law firm slams insurer mental health policies

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... to dictate who can and can't access mental health treatment through their funding programs. Calls from the life insurance industry for regulatory freedom to allow life companies to be able to fund mental health treatment rather than paying out claims ...

Schroders appoints head of private debt

KANIKA SOOD  |  FRIDAY, 14 AUG 2020
... assets and alternatives business manages $81 billion across private equity, securitised credit, infrastructure finance, insurance-linked securities, impact investing and real estate. It began building out its private assets offering locally this year ...

SME insolvencies set to increase

ANNABELLE DICKSON  |  WEDNESDAY, 12 AUG 2020
... average days to payment decreased by 7.6% across all sectors compared to the month prior. Specifically, the finance and insurance sector fell to 42 days overdue in July 2020, down 33 days and a staggering 500% higher than the same period last year. Overall ...

Tough year at Challenger

KANIKA SOOD  |  TUESDAY, 11 AUG 2020
Challenger this morning reported $416 million in statutory net loss for FY20, as its investments fell by $750 million during the COVID-19 pandemic. The -$416 million statutory NPAT is a stark contrast to previous years, where it reported $308 million ...

FSC calls for scaled advice model

ALLY SELBY  |  TUESDAY, 11 AUG 2020
... COVID-19 crisis has seen a surge in demand for financial advice on issues relating to redundancies, retirement, life insurance and superannuation, the FSC said. Yet, increased costs and regulation continue to obstruct the delivery of advice. With the ...

Bendigo and Adelaide Bank to face fresh class action

ELIZABETH MCARTHUR  |  TUESDAY, 11 AUG 2020
... owes Bendigo and Adelaide Bank approximately $1 million in interest alone on the Great Southern loans. They received an insurance payout from IAG of $23,000 for their losses. Navra went bankrupt in 2012 and has since reinvented himself as a property ...

AMP, CBA, Westpac face potential class action

ELIZA BAVIN  |  TUESDAY, 11 AUG 2020
... there is no win, there is no fee. "If you acquired, renewed or continued to hold a financial product (including life insurance) on the advice or recommendation of an adviser from one of the above institutions, you may be entitled to recover compensation ...