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Showing 11 - 20 of 61 results for %22Insurance Contracts Act%22

Macquarie-linked fund manager shutters

KARREN VERGARA  |  MONDAY, 26 APR 2021
... and weak performance. IPM was founded in Sweden in 1998, attracting institutional investors like pension funds, life insurance companies and foundations from the US, Europe, Asia and Australia to its algorithm-driven macro strategy. IPM is in the process ...

Risk advice most sought-after among Kiwis

KARREN VERGARA  |  THURSDAY, 15 APR 2021
An overwhelming 70% of products that New Zealand financial advisers recommend are life insurance products, according to the country's financial markets regulator. New statistics released by the Financial Markets Authority (FMA) reveals that risk products ...

Investment bonds a good alternative to Wills: GDG

KANIKA SOOD  |  FRIDAY, 26 MAR 2021
... Investors can also withdraw their funds at any time. Further, they are treated as non-estate assets (under the Insurance Contracts Act 1984 ) and can be cordoned off from future claims made by creditors (under the Bankruptcy Act 1996 ). Salsbury said ...

Court makes orders in ASIC versus TAL

KANIKA SOOD  |  WEDNESDAY, 10 MAR 2021
... history". The court yesterday found TAL guilty of breaching its duty to act with utmost good faith under the Insurance Contracts Act. (Interestingly, TAL's lawyers had alleged the customer breached her duty of good faith under the Act by failing ...

UK drags Bravura performance

KARREN VERGARA  |  THURSDAY, 25 FEB 2021
... global investment bank and an Australian trustees business (Garradin); a superannuation fund (ePASS); a New Zealand life insurance firm (Sonata); a UK platform (Sonata) and a UK platform (microservices). Total revenue is down 19.4% year on year to $115.7 ...

What you read in 2020

JAMIE WILLIAMSON  |  FRIDAY, 18 DEC 2020
... confirmed the appointment of Garry Caldow as it progressed its planned superannuation offering, naming him product lead, insurance. Caldow was Mercer principal - insurance leader and previously spent more than a decade at Colonial First State. His appointment ...

FS team picks: The top stories for 2020

ELIZABETH MCARTHUR, KANIKA SOOD  |  THURSDAY, 17 DEC 2020
... increased pressure to do away with the outdated Activities of Daily Living definition. ASIC also released a report on group insurance, finding that default insurance through super was often misunderstood by consumers and didn't always provide value ...

ASIC turns up the heat on enforcement

HARRISON WORLEY  |  THURSDAY, 27 FEB 2020
... recent civil penalty litigation it took against TAL, for allegedly breaching the ASIC Act, Corporations Act and Insurance Contracts Acts in avoiding an income protection claim in 2014. One case, ASIC said, is currently being considered by the Commonwealth ...

Ongoing fees, advice fees in super to be reformed

ELIZABETH MCARTHUR  |  FRIDAY, 31 JAN 2020
... renewals, identification of services and consent to fees will be necessary if the legislation becomes law. The Insurance Contracts Act would also be amended so that an insurer may only avoid a contract of life insurance on the basis of non-disclosure ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... with many heading for the exit. We've seen the banning of grandfathered commissions and continued reduction in life insurance commissions. We've seen major increases to compliance requirements imposed upon practices, making it more difficult ...