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Showing 321 - 330 of 2189 results for "Insurer"

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... not take insurance premium increases lightly and we have sought to negotiate the best possible outcome with our group insurer. The cost of insurance cover is linked to the claims paid to our members, which means that, from time-to-time, we need to adjust ...

Adopt QAR recommendations now: Levy

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... intended for." However, this particular recommendation will not and should not apply to an employee of a superannuation fund, insurer or bank, she insisted. "What does make sense is to require them to do what their customers want and expect - to give ...

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
According to the latest data on life insurance claims and disputes from APRA and ASIC, TAL is the largest player in the group insurance sector in Australia. TAL leads the life insurance market, boasting a 40.4% market share, insuring 3.9 million lives ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... million was paid out in compensation. Bank-related complaints comprise the lion's share (16,654), followed by general insurer (10,639) and credit provider complaints (4027). In terms of products, home building insurance received the highest number ...

AIA launches retail rewards program

KARREN VERGARA  |  TUESDAY, 18 APR 2023
AIA Australia has launched an incentive program for new retail clients in a bid to encourage healthy behaviours. The insurer offers Healthier Life Reward to new customers who are non-smokers with a body mass index between 18-26 and have no medical loading. ...

Brighter Super forges ahead with SFT

KARREN VERGARA  |  MONDAY, 17 APR 2023
Brighter Super has provided an update about its pending merger with Suncorp's superannuation business, which will officially occur on June 1. Suncorp Super or the SPSL Master Trust members will be transferred to Brighter Super and see their account ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
APRA is pushing back the implementation of its new operational risk management standard following industry feedback. Prudential Standard CPS 230 Operational Risk Management (CPS 230) was initially intended to take effect 1 January 2024 but will now ...

APRA investigates NobleOak capital adequacy breach

KARREN VERGARA  |  FRIDAY, 31 MAR 2023
The prudential regulator is taking action against NobleOak Life for breaching its capital adequacy obligations. APRA said this morning that it will investigate the ASX-listed company's compliance process that led to breaches of capital adequacy requirements ...

Former AMP adviser pleads guilty to dishonest conduct

KARREN VERGARA  |  MONDAY, 27 MAR 2023
... added that the incomplete disclosure of the information by Fong meant the duty of disclosure owed by the clients to the insurer had not been met and they risked not being covered by AMP under the relevant policies. The District Court of Western Australia ...

Australian investors pivot portfolios

CASSANDRA BALDINI  |  THURSDAY, 23 MAR 2023
More than half of Australian institutional investors say the current environment is like nothing they've ever seen before and are taking action to rethink their strategies in accordance. Nuveen's EQuilibrium Global Institutional Investor Survey reported ...