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Showing 281 - 290 of 1215 results for "Insurers"

Stephen Jones changes tack on risk advice

ANNABELLE DICKSON  |  TUESDAY, 21 SEP 2021
... arguments advisers brought to him over the last 18 months after admitting last year he had a negative bias towards life insurers and its commission structure for financial advisers. "I've reflected upon those and had a look at it. I've also had ...

APRA expands life insurance data reporting

KARREN VERGARA  |  THURSDAY, 19 AUG 2021
... entities, APRA will formally need to consult on any such proposals at that time with industry," the letter APRA sent to insurers read. Other stakeholders were concerned about APRA publishing explanations from individual insurers as it may result in releasing ...

Frontier hires former Perpetual head of infrastructure

KANIKA SOOD  |  TUESDAY, 17 AUG 2021
... institutional investors, local endowments, not-for-profits, high-net-worth investors, and liability-driven investors such as insurers and public pools of money. It has also accelerated its investment in ESG, governance and technology capabilities, hiring ...

Every super fund should cover every occupation: FSC

KANIKA SOOD  |  FRIDAY, 13 AUG 2021
... To implement the above, it is proposing three mechanisms. First, is to implement a prohibition on these terms on life insurers through an appendix to the FSC's Life Insurance Code of Practice (Life Code). It said the complexity here is that while ...

Data to improve TPD outcomes: ASIC

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
... ASIC's Report 696 TPD Insurance: Progress made but gaps remain outlines the areas that need improvement from the nine life insurers that were identified in the 2019 Report 633. ASIC noted insurers need to uplift their data capability as poor data capability ...

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... released the draft legislation for the Financial Accountability Regime (FAR) which will apply to superannuation funds and insurers. The FAR extends the Banking Executive Accountability Regime (BEAR) which has applied to banks since July 2018. In February ...

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... law, yet the Government is already poking holes in its own legislation. This should be about protecting consumers, not insurers' bottom line." Chief executive of Financial Rights Legal Centre Karen Cox added that the decision to exempt key insurance ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
... of work, designing target market determination templates and data standards for super funds, platforms and wraps, life insurers and fund managers, to help financial services firms prepare for the DDO regime on October 5," FSC chief executive Sally Loane ...

Industry split on paid vaccine leave

JAMIE WILLIAMSON  |  FRIDAY, 25 JUN 2021
... critical role to play." The union has so far written to 71 employers in the financial services sector, including banks, insurers and superannuation funds. As it stands, the FSU has received just 24 responses. Of those, just one has agreed to what the ...

Life Code Compliance Committee chair named

ANNABELLE DICKSON  |  TUESDAY, 8 JUN 2021
... diverse experience to leadership of the committee," AFCA chief executive David Locke said. Last year, the LCCC said life insurers were not taking their obligations under the Life Insurance Code of Practice seriously. The code found an increase in claims ...