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| | | The Australian Prudential Regulation Authority (APRA) believes an unexpected increase in the cost of insurance for superannuation fund members has come from life insurers not addressing underlying structural issues in group risk schemes. In APRA's 2015 ... |
| | | | ... service is Beth Parkin, who will report to chief operating officer Andrew Howard and will manage the operations services, insurance and technical teams. Parkin will also work closely with REST's service providers including Australian Administration Services ... |
| | | | ... additional co-investment pledges. IDF III will be targeting institutional investors seeking yield; pension plans and insurance companies. The fund will invest in sectors such as utilities, energy and transport in OECD countries. "The target size, which ... |
| | | | ... Dring said the capital intensive nature of wealth operations presents a challenge among some headwinds. "Expensive life insurance underwriting and manufacturing operations are likely to come under review, as banks look for ways to free up capital and ... |
| | | | The overwhelming majority of advisers are "glad" rather than "mad, sad or scared" about the looming Life Insurance Framework, according to Association of Financial Advisers chief executive Brad Fox. Despite continued uncertainty regarding specific LIF ... |
| | | | ... Wellauer. "Swiss Re and IBM are collaborating to establish a vision for cognitive computing at Swiss Re and the wider insurance industry." Named after IBM's first chief executive Thomas J. Watson, Watson is distributed remotely via cloud services and ... |
| | | | ... Australia to 2020. As a result, AIA will continue to provide death, total permanent disablement and income protection insurance to Sunsuper members beyond the original July 2016 deadline. Explaining the decision, Sunsuper chief executive Scott Hartley ... |
| | | | MLC will introduce an insurance rollover offer to external superannuation funds. The rollover provides multiple benefits to super funds, including a 15% upfront tax credit, 7% annual premium discount, enduring authority, automated annual premium payments ... |
| | | | ... report said that its wealth business had been impacted by the BTIM sale as well as lower performance fees and higher insurance claims. This was echoed by BT Financial Group chief executive Brad Cooper, who noted that when issues such as the massive increase ... |
| | | | ... CarePlus aims to combine the benefits of a lifetime annuity and providing regular income for aged care costs with life risk insurance providing estate planning certainty. The firm's recent review of adviser queries suggests aged care is the leading area ... |
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