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AMP Capital bets on AI

ELIZA BAVIN  |  FRIDAY, 23 OCT 2020
AMP Capital has announced it will roll out energy saving artificial intelligence (AI) technology to regulate building comfort and energy use automatically. The AI system will work to reflect changes in outside temperature and occupancy of the building ...

QInsure ramps up claims technology

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
QSuper's insurance arm has upgraded its systems in an effort to streamline the claims management process. QInsure has moved from FINEOS's Claims system to the Claims SaaS edition on the Dublin-based firm's platform. The insurance claims ...

Global firm hires local distribution head

JAMIE WILLIAMSON  |  TUESDAY, 20 OCT 2020
As it progresses plans to grow its footprint in the Asia Pacific region, Federated Hermes has appointed three directors including Janus Henderson's head of institutional business to lead distribution in Australia and New Zealand. Based in Sydney, Gary ...

Through good and bad: Advisers add value

JAMIE WILLIAMSON  |  THURSDAY, 15 OCT 2020
... significant value to a client through structural tax strategies to manage investment tax," Russell said. "This not only requires a close understanding of the client needs, but also knowledge of new innovative investment solutions that can help manage ...

Pandemic batters life insurers

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... life insurers and triggered a spike in claims, according to new research. KPMG's 2020 Life insurance insights reveals close to half of the firms it analysed are making a loss. Retail disability income received the biggest blow, losing $1.1 billion ...

Industry fund launches new passive options

JAMIE WILLIAMSON  |  WEDNESDAY, 14 OCT 2020
A $6 billion industry superannuation fund has introduced a range of low-cost, indexed investment options for members as it closes two other options. LUCRF Super has made changes to its range of investment options to offer members a wider range of low ...

APRA highlights heatmaps success

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
In its annual report, APRA highlighted the success of its MySuper heatmaps initiative - despite new government reform possibly making heatmaps redundant after they were only in effect for one year. Following the Royal Commission, one of APRA's objectives ...

BOQ sells insurance business

ELIZA BAVIN  |  WEDNESDAY, 14 OCT 2020
... said the contribution from St Andrew's to its net profit in FY20 has been immaterial after it made the decision to largely close the business after the February announcement. The transaction is expected to be completed by the end of FY21, and is subject ...

CBA executive pay voted in

ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
Commonwealth Bank shareholders have voted for the adoption of the remuneration report and the grant of securities to the chief executive in the annual general meeting. In the annual general meeting, 78.54% of shareholders proxy voted in favour for the ...

Still a way to go on mental health: SuperFriend

ANNABELLE DICKSON  |  TUESDAY, 13 OCT 2020
The financial and insurance services industry is one of the most thriving workplaces but there is still work to be done for mental health in the workplace, according to new research. Mental health organisation SuperFriend's research: Indicators of a ...