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Showing 11 - 20 of 24 results for "Westpac Life"

ANZ flags earnings hit

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
... financing failures it owes in penalties and AUSTRAC's legal costs It also wrote down goodwill and intangibles for Westpac Life Insurance Service, auto finance business and software at $568 million after tax. NAB also increased its provisions for ...

Westpac hit with $1.2bn of losses

KARREN VERGARA  |  MONDAY, 26 OCT 2020
... massive loss ahead of releasing its full year 2020 results on November 2. Goodwill and intangibles associated with Westpac Life Insurance Service, auto finance business and software write downs totalled $568 million after tax. Westpac increased its liabilities ...

BT un-aligns group insurance, awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
Westpac's BT super has awarded a group insurance mandate, switching members away from Westpac Life Insurance Services. AIA Australia has been appointed as the new group insurer, with the change coming into effect from 1 July 2020. The change will impact ...

Latest data reveals super admin problem

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... issues with 1.4%. In terms of life insurers, TAL received the most complaints, followed by AMP Life, OnePath Life and Westpac Life. Data also revealed the nation's largest fund AustralianSuper received the most complaints at 262. About 122 of those were ...

BT faces fees for no service class action

ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
Westpac confirmed it has received a class action filed against BT Funds Management and Westpac Life Insurance Services in relation to BT's Super for Life cash investment option. Slater & Gordon filed the action on behalf of Tracey Ghee. Westpac ...

CommInsure misled FOS: Royal Commission

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... years. Suncorp received $3.9 million in premiums for selling 1838 policies - 40% of the 10 claims made were denied. Westpac Life no longer offers accidental death policies. Of the 2178 policies sold during the period, premiums mounted to $103.6 million ...

BTFG names insurers on expanded APL

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
... the current APL. AIA Australia and TAL products will be available alongside BT Protection Plans, underwritten by Westpac Life from 19 March 2018. BTFG said the new partnership will include a training and education program for its advisers, including ...

BTFG widens life insurance APL

ALEX BURKE  |  WEDNESDAY, 1 NOV 2017
... see their life insurance approved product list expand to a minimum of three, up from one currently. At the moment, Westpac Life is the only insurer on the BT Financial Advisers APL, although BTFG noted that over the past four years any adviser request ...

Westpac faces class action over life insurance

KARREN VERGARA  |  MONDAY, 16 OCT 2017
... via its network of financial planners. Shine Lawyers filed the class action against the bank and its subsidiary, Westpac Life Insurance Services, on behalf of customers and superannuation funds that were recommended life insurance policies by St George ...

Westpac chair joins boutique manager board

KARREN VERGARA  |  MONDAY, 18 SEP 2017
... currently a non-executive director of IOOF Holdings and non-profit organisation CARE Australia. He is also the chair of Westpac Life Insurance Services, St George Life, Westpac General Insurance and Westpac Lenders Mortgage Insurance Services. Griffiths' ...