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Showing 171 - 180 of 2176 results for "Insurer"

Permanent disablement claims for mental health explodes

ANDREW MCKEAN  |  THURSDAY, 5 DEC 2024
Total and permanent disability (TPD) claims because of mental health for Australians aged 30 to 40 increased by 732% over the past decade, according to a new report by KPMG, commissioned by the Council of Australian Life Insurers (CALI). Although the ...

Firms treat CSLR as 'insurance policy': FAAA

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... The role of professional indemnity (PI) insurance in the compensation process was also put under the microscope. The PI insurer for Dixon Advisory, for example, paid just $16 million in compensation. However, Dixon Advisory victims are expected to receive ...

'New class of advisers' need clear-cut distinction: FAAA

KARREN VERGARA  |  THURSDAY, 28 NOV 2024
Professional reputations could be harmed if the government does not distinctly delineate between its proposed new class of advisers (NCAs) and financial advisers, the Financial Advice Association Australia (FAAA) warns in anticipation of the looming ...

Lack of action on menopause driving gender inequity

JAMIE WILLIAMSON  |  MONDAY, 18 NOV 2024
... individuals aged between 35 and 64 experiencing perimenopause or menopause, in what is one of the largest studies by a local insurer on those experiencing menopause. MetLife found 84% of those experiencing menopause and are seeing it impact their career ...

Link between super and banking major priority in 2025: APRA

ELIZA BAVIN  |  MONDAY, 11 NOV 2024
APRA executive member Therese McCarthy Hockey has outlined the regulator's big priorities in 2025, with the interconnectedness between banking and superannuation systems first on the agenda. McCarthy Hockey told FINSIA 's The Regulators event that APRA's ...

Systemic issues impact 20k consumers: AFCA

MATTHEW WAI  |  MONDAY, 11 NOV 2024
... reinstatement of insurances lost with premiums backdated to the date of cancellation, AFCA said. Life insurance A life insurer failed to provide the correct notice of a policy cancellation due to delays in mail processing caused by the Christmas shutdown ...

TAL names retirement and wealth lead

MATTHEW WAI  |  THURSDAY, 31 OCT 2024
... develop and deliver TAL's retirement income solutions in partnership with Australian superannuation funds, the life insurer said. Bransdon will also be responsible for managing and growing TAL's retirement and wealth partnerships as part of his ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
The Federal Court has ruled in ASIC's favour, finding that a 'pre-existing condition' term in certain HCF Life policies was liable to mislead the public. The term was used in three contracts issued under HCF Life's 'Recover' range of products. ASIC ...

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
The Council of Australian Life Insurers (CALI) is urging the federal government to take action on processing the second tranche of its Delivering Better Financial Outcomes (DBFO) package, saying any further delay could result in "generational impacts." ...

Down but not out: Busting defined benefit myths

ANDREW MCKEAN  |  WEDNESDAY, 23 OCT 2024
Many see defined benefit (DB) funds as dead - dinosaurs of the retirement world. Nevertheless, they're important to the retirement ecosystem, according to Challenger institutional client solutions director Meher Edibam. While most DB schemes are closed ...