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Showing 221 - 230 of 6952 results for "insurance"

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... alleges that CFSIL did not act in the best interests of members and breached its trustee duties when taking out group insurance policies obtained from CMLA. The key allegation is that CFSIL entered and maintained insurance policies with CMLA on terms ...

HESTA to lower insurance fees

ELIZA BAVIN  |  TUESDAY, 12 AUG 2025
... HESTA it will reduce fees for insured members on their current levels of cover after re-appointing AIA Australia as its insurance partner. HESTA chief executive Debby Blakey said the renewed partnership demonstrated the fund's commitment to providing ...

NGS Super aligns leadership team for growth

MATTHEW WAI  |  MONDAY, 11 AUG 2025
... titles. Fotine Kotsilas has become NGS Super's chief risk officer, bringing over 25 years of experience across life insurance, general insurance, superannuation and workers' compensation. Kotsilas replaces Philippa Minney who has shifted into the role ...

CFS prices advice practice valuation gap at $1.1m

KARREN VERGARA  |  MONDAY, 11 AUG 2025
... prepared usually feature a lack of up-to-date shareholders agreements, including buy-sell and funding clauses, inadequate insurance coverage vs the business valuation and a lack of up-to-date wills and estate planning," the report said. Additionally ...

InterPrac hit with $22m in AFCA complaints

KARREN VERGARA  |  FRIDAY, 8 AUG 2025
... auditors and superannuation trustees. Sequoia also said the financial outcome depends on the professional indemnity insurance from relevant parties and existing legislation that protects members within the superannuation framework. "AFCA has advised ...

Legal costs weigh on AMP profits

JAMIE WILLIAMSON  |  THURSDAY, 7 AUG 2025
... October. These costs may well increase, with Shine Lawyers having filed another class action in relation to excessive insurance fees in early July. Dexus Funds Management is also suing AMP in a case arising from the sale of Macquarie Shopping Centre. ...

Geopolitics, private credit force insurers to 'shift gears': Janus Henderson

MATTHEW WAI  |  THURSDAY, 7 AUG 2025
... emphasising dynamic risk management and changing priorities in the face of uncertainty. Janus Henderson's 2025 Australian Insurance Report captures insights from 20 insurance firms, revealing an increased appetite towards risk as 47% plan to increase ...

APRA slaps $5.5m capital penalty on KeyInvest

MATTHEW WAI  |  TUESDAY, 5 AUG 2025
... licence conditions on KeyInvest over risk framework flaws and questionable long-term objectives. KeyInvest is a life insurance company and friendly society that primarily offers funeral bonds. Following an independent review, APRA has identified shortcomings ...

CALI launches review of Life Code

ELIZA BAVIN  |  THURSDAY, 31 JUL 2025
The Council of Australian Life Insurers (CALI) has appointed Peter Kell to lead an independent review of the Life Insurance Code of Practice (Life Code). The review will begin on 1 October 2025. The Life Code sets enforceable standards life insurers ...

FSC explores if adviser licensing framework remains 'fit for purpose'

MATTHEW WAI  |  MONDAY, 28 JUL 2025
... explores how various issues such as industry fragmentation, varied financial requirements and professional indemnity insurance coverage are combining to increase systemic risk in the financial advice industry. Central to this is a growing concern that ...