Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 361 - 370 of 6952 results for "Insurance"

Multiple account bungle costs AustralianSuper $27m

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... period, there were 90,788 affected members who incurred about $69 million in losses from multiple administration fees and insurance premiums and investment earnings. Between May and June 2023, AustralianSuper paid about $69 million to 90,000 affected ...

Alpencrest ramps up expansion, signs Aussie affiliate

KARREN VERGARA  |  FRIDAY, 21 FEB 2025
... Nippon Life Global Investors Singapore for its emerging markets equities strategy and Chicago-based Elementum Advisors' insurance-linked securities. Alpencrest also helps distribute Azimut Alternative Capital's private equity GP stakes and New Mountain ...

Bragg accuses ASIC of secrecy

ELIZA BAVIN  |  THURSDAY, 20 FEB 2025
... are not getting their death benefits paid, they're being charged for multiple accounts, they're being charged insurance they don't want, and you're effectively saying that there's nothing further you can add. Are you worried that ...

Life insurers enhance domestic violence response

MATTHEW WAI  |  THURSDAY, 20 FEB 2025
... enterprise Flequity Ventures and the Independent Collective of Survivors, who advised on lived experiences with life insurance and financial safety by design, as well as 20 member companies from CALI's network to understand the full scheme of challenges. ...

Shift needed in retirement income advice: Allianz Retire+

MATTHEW WAI  |  FRIDAY, 14 FEB 2025
... to loss", instead of questions on "reaction to portfolio losses". Further, similar to an investment philosophy and an insurance philosophy, a retirement philosophy should "link back to the types of strategies and products you will call on, so you aren't ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
Rest is the latest fund to botch its handling of insurance - this time for incorrectly charging uninsured members for coverage - adding to a growing pile of industry failures. Rest's mishandling comes as other major superannuation funds have been caught ...

Treasury consults on genetic test ban in life insurance

JAMIE WILLIAMSON  |  WEDNESDAY, 12 FEB 2025
The industry can now provide feedback on the proposed ban on the use of adverse genetic test results in life insurance, with Treasury commencing consultation today. Treasury has opened consultation on the complete ban, which was announced in September ...

Cbus faces fresh investigation over fund expenditure practices

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
... "significant and persistent weaknesses" in its operational risk management framework, as well as concerns related to insurance administration and outsourcing. Cbus will engage independent experts to review the root causes of APRA's concerns and prepare ...

MLC Life names chief risk officer

JAMIE WILLIAMSON  |  MONDAY, 10 FEB 2025
Melissa Ammon is taking over as MLC Life Insurance's chief risk officer on a permanent basis. Ammon has been acting in the role since September 2024 when Jane McGovern was appointed chief customer and strategy officer. She first joined MLC Life in 2024 ...

Independent financial planning boutique opens in Brisbane

ANDREW MCKEAN  |  FRIDAY, 7 FEB 2025
... began at Sunsuper (now Australian Retirement Trust), followed by a role as a senior research analyst for wealth and insurance at CANSTAR, before becoming a financial planning associate at Capital Focused. Scarrabelotti later became an independent financial ...