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Showing 391 - 400 of 2711 results for "protection"

TAL launches new look Accelerated Protection range

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
TAL has given its Accelerated Protection series a makeover, redesigning its products and increasing upfront affordability. Following a review by TAL, the Accelerated Protection series have had a range of updates that were effective September 8. The ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... with MetLife to drop some premiums by 25%. Fees for death and TPD went down by between 14.2% and 24.8%, while income protection premiums reduced by 7.7%. At the time, Spirit Super chief executive Jason Murray said he was delighted to be reducing premiums ...

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... retail advised channel, it will also apply to the corporate group channel to "maintain capital for the benefit and protection of existing policyholders." According to its website, Integrity Life has access to more than $180 million in capital, with backers ...

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... to retirement products. Labelling it "a major blindspot", O'Halloran said: "This leaves Australian retirees without protection when they need it most... there's little transparency over retirement products' fees and performance, and no accountability ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... of the AMP Life retail portfolio in 2017. This enabled AMP to release around $500 million in capital from its wealth protection business. At the time, former AMP chief executive Craig Meller noted that reinsurance strategies were crucial to improving ...

Crypto lender sentenced for false licence

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
Melbourne-based cryptocurrency lender Helio Lending (Helio) has been sentenced to a non-conviction bond for falsely claiming that it held an Australian credit licence (ACL) when it did not. In 2019, Helio falsely represented on its website that it held ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... propositions, as required under the Retirement Income Covenant," he said. "As Australia's leading provider of longevity protection with decades of experience, Challenger via the Solutions Group is well placed to help superannuation funds simplify ...

Pacific Equity Partners finances reverse mortgage lender

ANDREW MCKEAN  |  MONDAY, 14 AUG 2023
Pacific Equity Partners (PEP) will finance Household Capital, a reverse mortgage lender, to address the retirement funding and housing needs of senior Australians. PEP is investing in a financing layer of Household Capital's funding structure, alongside ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... industry super fund has announced a reduction in weekly insurance premiums for death, terminal illness, TPD, and income protection cover. First Super reduced the weekly cost of its default insurance cover, prompted by fewer than expected claims in previous ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... jurisdictions in which we operate. We pride ourselves on working in close collaboration with regulators to ensure consumer protection while also balancing the need for access for individual investors." ASIC is seeking declarations and pecuniary penalties ...