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| | | ... the limited service period. All income and pension payments will be paid early, it added. Financial hardship payments, insurance claims and payments, and immediate access to funds will be available and prioritised, NGS Super said. "This upgrade is not ... |
| | | | ... comment on how many roles were affected, it is understood it is less than 20% of the workforce. "Allianz Australia Life Insurance Limited (AA Life) recently announced a number of changes to its operating model, reinforcing its commitment to the Australian ... |
| | | | ... and retail investors category, which includes credit issues, licence obligations, and other conduct related to advice, insurance, and misleading and deceptive or unconscionable behaviour. One example cited by ASIC was a report of a financial adviser ... |
| | | | ... Richmond will bring 25 years' experience to the fold. Prior to AustralianSuper, he was head of Australia at the global insurance group Ping An Real Estate for four years. He also boasts experience with Bank of America Merrill Lynch and Credit Suisse. ... |
| | | | ... practices that have placed doubt on their compliance obligations and put consumer outcomes at risk. While some life insurance firms have improved since ASIC's 2018 review into direct sale practices, "notable deficiencies" remain, the regulator expressed ... |
| | | | ... inflation-linked bonds, where there is duration which "supports the narrative" of any inflationary re-emergence. "We also like insurance-linked securities at this juncture which are still yielding a pretty healthy spread," he says. "So, you still get ... |
| | | | ... a significant breach of a core obligation. The investigations, ASIC alleges, related to a range of issues including insurance premiums not being refunded correctly after members had died; member accounts not being created with default insurance; incorrect ... |
| | | | HSBC has been appointed global custodian and fund administrator for the general and life insurance businesses of Allianz operating in Australia. Allianz Australia selected HSBC after a competitive tender which was designed to identify a securities services ... |
| | | | ... 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 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 ... |
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