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Showing 341 - 350 of 6952 results for "insurance"

Super funds to 'look more like insurers'

ELIZA BAVIN  |  THURSDAY, 13 MAR 2025
... and that's at some point over the next decade, or a bit more," McHugh said. "So, then they'll look a lot more like insurance companies, but actually they already look a lot more like alternatives managers and asset managers. So, there is a need for ...

ASIC, ASFA spar over super fund trustees 'not knowing' their business

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
... and its failure to merge multiple accounts, Aware Super charging fees for no service, Westpac/ BT incorrectly charging insurance commissions to members, and Colonial First State misleading members as examples of funds not knowing their business. "At ...

Cost to maintain comfortable retirement increases

MATTHEW WAI  |  WEDNESDAY, 12 MAR 2025
... the budget for a modest retirement remains "basically unchanged". The higher costs for domestic holidays and vehicle insurance added to the cost of retirement in the quarter, ASFA said, but retirees have offset some of these shortfalls through strong ...

AustralianSuper sued over death benefit delays

JAMIE WILLIAMSON  |  WEDNESDAY, 12 MAR 2025
... APRA-regulated funds. These include the timely and compassionate handling of death benefits, fair and efficient processing of insurance claims, and clear, respectful and accessible communications with members.

Unlawful hawking practices re-emerge in SMSFs

MATTHEW WAI  |  TUESDAY, 11 MAR 2025
... often associated with promises of unrealistic returns." ASIC banned unsolicited cold calling in life and consumer credit insurance sales in January 2020 following the Hayne Royal Commission, intending to "stop practices that lead to poor consumer outcomes ...

Beware creep of cancel culture into super fund governance: Lawyer

ANDREW MCKEAN  |  FRIDAY, 7 MAR 2025
... Nevertheless, Barrett sees some merit in the proposals, which he believes will be welcomed by directors in superannuation, insurance, and banks. For him, the best initiative is the move to allow boards to delegate more operational matters to board committees. ...

Westpac's Yetton chooses to move on

ANDREW MCKEAN  |  FRIDAY, 7 MAR 2025
... Mercer. However, Westpac retained its platform businesses, BT Panorama and Asgard. Westpac also walked away from life insurance, offloading its Australian business to Japan's TAL Dai-ichi Life in 2021 for $900 million. He previously undertook a similar ...

'We're not going anywhere': SS&C serious about Aussie expansion

ELIZA BAVIN  |  FRIDAY, 7 MAR 2025
... to know the entire marketplace, and while super fund clients are a priority, it's also targeting asset managers, insurance companies and others. "We have lots of technology, lots of new technology that's coming into the marketplace, and we think ...

Super, insurance, and bank boards' 'poor practices' targeted by APRA

ANDREW MCKEAN  |  THURSDAY, 6 MAR 2025
The boards of superannuation trustees, insurers, and banks are on notice, with APRA proposing changes to "strengthen and streamline" governance requirements. The regulator has released eight proposals in what marks the first "significant update" of ...

Insurance through superannuation stages a comeback

ANDREW MCKEAN  |  TUESDAY, 4 MAR 2025
After years of decline, the number of superannuation fund members with insurance is on the rise. Legislative changes in 2019 made insurance opt-in for those with low balances, inactive accounts, or those aged under 25 - taking a sledgehammer to the ...