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| | | ... product and will be responsible for the full product suite at Spirit. This includes the fund's retirement products, insurance offering and navigating products in response to regulation. Prior to Spirit, Terry held the role general manager, asset ... |
| | | | MLC Life Insurance has appointed David Stephen as an independent non-executive director on its MLC Limited board. Stephen will also serve as chair of the board risk committee, replacing Andy Cornish who after seven years is retiring. With over 35 years ... |
| | | | ... liquid markets group. "While with LMG, he was directly responsible for one of Australia's largest, externally-managed insurance investment portfolios." The $59.9 billion state investor delivered $3.7 billion in investment returns in 2021-22. |
| | | | ... to provide a greater number of services to a larger percentage of their clients in areas such as tax, retirement and insurance planning. Commenting on these findings, Dimensional Australia client group co-head Nathan Krieger said: "Part of the success ... |
| | | | ... regulatory and legislative arbitrage. Contrastingly, APRA has the authority to supervise institutions across banking, insurance and super. Unlike the US, fiduciary duty is also regulated at the provider level. "Australian service providers and regulators ... |
| | | | Berkshire Hathaway has renewed its whole of account quota share (WAQS) agreement with Insurance Australia Group (IAG) but ceased its strategic relationship and equity ownership. The renewed terms with National Indemnity Company (NICO), a subsidiary ... |
| | | | The Financial Services Council (FSC) has released an enforceable standard for handling group life insurance claims in superannuation. The FSC's new standard replaces existing voluntary guidance and sets a minimum level of service that consumers can ... |
| | | | ... million settlement in a class action relating to the bank's subsidiaries, BT Funds Management Limited and Westpac Life Insurance Services Limited. Tens of thousands of Australians may receive compensation following the settlement, which is subject ... |
| | | | ... members. BT members also have access to Mercer's wider investment menu and will be able to retain their existing insurance arrangements. 5. ACSRF, UniSuper confirm merger Earlier in the year, Australian Catholic Superannuation and Retirement Fund ... |
| | | | ... Complaints Authority (AFCA) determinations. According to ASIC, QFML also didn't have the required professional indemnity insurance coverage. "The licence suspension allows QFML to provide financial services that are reasonably necessary for, or incidental ... |
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