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Showing 2281 - 2290 of 7046 results for "Insurance"

NAB remediation bill hits $1.1bn

JAMIE WILLIAMSON  |  THURSDAY, 18 APR 2019
... misconduct within its wealth division accounts for 91% of the increased bill while the remainder relates to consumer credit insurance sales and banking matters including incorrectly charged fees on fee-exempt transactions. NAB acting chief executive ...

ASIC targets misleading member communication

KARREN VERGARA  |  WEDNESDAY, 17 APR 2019
... it may take action on superannuation funds that send misleading communication to members about inappropriate fees and insurance premiums. The warning comes in light of the Protecting Your Super package (PYSP) reforms, which are due to take effect on ...

NPP chair breaks down rollout

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
... mobile number or email address. The project also touts significant data innovation which could have widespread use across insurance, superannuation, ecommerce, payroll and securities as well as in banking. McKinnon told Financial Standard : "The New ...

Former Millennium3 adviser banned

ELIZABETH MCARTHUR  |  WEDNESDAY, 17 APR 2019
... Beacon Financial Group adviser was banned by ASIC for failing to act in the best interests of clients by recommending insurance with unaffordable premiums. Gregory Forster received a five year ban for failing to take into account his clients' actual ...

Industry funds eye SMSF market stronghold

KARREN VERGARA  |  TUESDAY, 16 APR 2019
... recently released Prudential Standard SPS 515. This is based on: net investment returns, fees and operating costs, cost of insurance, net cash flows, outflow ratios, net rollover ratios, member growth or decline, and other benefits or services provided ...

Group risk inflows slow at CommInsure, AMP

KANIKA SOOD  |  MONDAY, 15 APR 2019
... followed with a decline of 30.6%, reducing its market share from 6.1% the year before to 4.1%. AIA Australia and MetLife Insurance made the biggest gains in group risk premium inflows, recording 20.6% and 13% annual growth. Overall, the group risk premium ...

Freedom to divest all operations

KARREN VERGARA  |  MONDAY, 15 APR 2019
Freedom Insurance Group will offload its administration and financial advice businesses, and eventually cease operations. Freedom told the ASX this morning that it agreed in principle to sell its policy administration business to a third party for $5 ...

Superannuation bills on hold

KARREN VERGARA  |  MONDAY, 15 APR 2019
... pieces of legislation, including the protection of young superannuation members and low-balance accounts from default insurance premiums, have been put on ice. Treasury Laws Amendment (Putting Members' Interests First) Bill 2019, a highly anticipated ...

Macquarie expands US funds management

KANIKA SOOD  |  FRIDAY, 12 APR 2019
... between October and December. Macquarie IM will also manage a portion of Foresters' general account supporting its life insurance business. It will also support advisors of a third-party Cetera Financial Group which is looking to buy select assets of ...

$1.5bn pulled from Pendal

KARREN VERGARA  |  FRIDAY, 12 APR 2019
... along with plans to exit salaried and aligned financial advice by September 2019. Within BTFG, Westpac will integrate insurance into the customer division, while private wealth, platforms and investments and superannuation will move into an expanded ...