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| | | The life insurance industry appears to have moved past its loss-making years, reporting a $332 million profit at the end of March, new APRA figures show. About $5.7 billion was generated in insurance revenue, marking a 3% rise from the December 2024 ... |
| | | | ... to improve customer claims engagement and outcomes. He brings over two decades of experience in financial services across life and general insurances. Aside from Suncorp, Garsin brings relevant expertise from ANZ, Greenstone Financial Services, and HCF ... |
| | | | ... Twelve months ago, she served as a non-executive director and will continue on in that capacity. Before a short stint at MLC Life, she spent the previous three years at U Ethical. While at the investment house, she led the integration of ESG data and ... |
| | | | APRA's quarterly superannuation statistics have lifted the lid on the ongoing battle for Australia's retirement assets; industry funds charged forward, retail funds made gains without breaking into a sprint, while corporate funds retreated further. ... |
| | | | ... Australia's second-largest super fund, has reached a $67 million out-of-court settlement over claims members were overcharged for life insurance premiums. The settlement for the class action, which was brought against the fund in the Federal Court in ... |
| | | | A class action that was filed against AMP for charging excessive superannuation fees is finally being heard in court, with the trial kicking off today. In 2019, following the Royal Commission, several law firms sought to commence class actions against ... |
| | | | ... Stephenson will retire on June 30. John Somerville and David Whittle have been added to the board of Challenger and Challenger Life Company, collectively bringing over 55 years' experience. Somerville has some 30 years' experience across ASX-listed and ... |
| | | | Australians in default investment options could collectively be $46 billion better off with age-based personalised strategies, according to analysis from Russell Investments. Russell Investments, the operator of the Russell Investments Master Trust ... |
| | | | ... impact on victims have elevated the objective seriousness of the offending, reiterating the impact was "significant" and "life changing", while causing emotional and financial devastation. The maximum penalty for an offence of dishonestly obtaining financial ... |
| | | | The Association of Superannuation Funds of Australia (ASFA) and EY have released guidance to help superannuation trustees navigate key aspects of APRA's new prudential standard, CPS 230. CPS 230 will come into effect on July 1, making super trustees ... |
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