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Showing 1801 - 1810 of 7046 results for "Insurance"

Year-long delay for super merger

KANIKA SOOD  |  TUESDAY, 26 MAY 2020
... in the document dated May 2020. The trustee said most details previously sent to members will hold except a change in insurance arrangements to accommodate Putting Members Interests First (PMIF) legislation. Earlier this month, Perpetual delayed a successor ...

Adviser banned for five years

ELIZA BAVIN  |  TUESDAY, 26 MAY 2020
... who cycled through seven AFSLs in nine years has been banned after ASIC found he provided poor SMSF advice and based insurance advice on the commission he'd receive. The five-year ban follows ASIC surveillance of advice provided by NSW-based Sean Lewis ...

Super advocate takes FSC to task over TPD tests

HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
Super Consumers Australia has called on Australia's life insurance industry to eradicate "junk terms" from total and permanent disability insurance, after the Financial Services Council committed to ensuring TPD cover wouldn't be impacted if ...

Industry flocks to JobKeeper handouts

KANIKA SOOD  |  THURSDAY, 21 MAY 2020
Nearly 13,500 businesses in financial services and insurance enrolled for JobKeeper payments, according to an industry-level breakdown from the Australian Taxation Office. JobKeeper enrolments crossed 835,000 businesses employing over 5.5 million workers ...

Former CBA executive nabs industry body lead role

ALLY SELBY  |  THURSDAY, 21 MAY 2020
... Commonwealth Bank executive has nabbed a new chief executive role, following an extensive national recruitment process. The Insurance Council of Australia has announced the appointment of Andrew Hall as chief executive and executive director, set to ...

How advice can conquer stigma

HARRISON WORLEY  |  WEDNESDAY, 20 MAY 2020
... "Modularise them in a way to say 'Okay let's just focus on your cash flow', or 'Let's just focus on your insurance needs,'" Lombardi said. Current regulation stands in the way of implementing this kind of solution, he said, but ...

Fund pulls mandate, alters pandemic definition

ELIZABETH MCARTHUR  |  WEDNESDAY, 20 MAY 2020
... tobacco and controversial weapons across all its options. In another Significant Event Notice, QSuper updated members on insurance changes intended to improve cover for pandemic illnesses amid COVID-19. The changes mean from 11 March 2020 QSuper's pandemic ...

ASIC revokes AFSL suspension, cancels another

ELIZA BAVIN  |  TUESDAY, 19 MAY 2020
... of the Australian Financial Complaints Authority for a minimum of 12 months and hold adequate professional indemnity insurance cover." Meanwhile, ASIC has revoked its suspension of Sydney-based responsible entity Ausfunds Management's ASFL. ASIC said ...

Realigning remuneration expectations

KANIKA SOOD  |  THURSDAY, 14 MAY 2020
... COVID-19 and underperforming investment products, according to a new compensation report covering asset management, insurance and sales. This year is "unusually important" for salaries as the trifecta of sub-par returns, changing compensation fundamentals ...

ASIC secures $160m in remediation over junk credit insurance

ALLY SELBY  |  THURSDAY, 14 MAY 2020
ASIC has announced it has secured $160 million in remediation for consumers sold junk credit insurance from 11 major banks and lenders between 2011 and 2018. These include offerings from ANZ, Australian Central Credit Union, Bank of Queensland, Bendigo ...