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Showing 421 - 430 of 2711 results for "protection"

Coinbase sued as US crackdown continues

JAMIE WILLIAMSON  |  WEDNESDAY, 7 JUN 2023
The Securities and Exchange Commission (SEC) filed a suit against Coinbase for, among other things, allowing users to trade unregistered securities. It follows Binance being sued just yesterday. The SEC has accused Coinbase of breaking market rules ...

ESSSuper reduces admin fees, renews insurance mandate

JAMIE WILLIAMSON  |  MONDAY, 5 JUN 2023
... of Daily Work (ADW) definition or mental illness TPD definition. Meanwhile, some of the changes being made to income protection cover include extending the recurrent disability definition from six months to one year before the waiting period applies ...

Frontier overhauls research function

ELIZABETH FRY  |  FRIDAY, 2 JUN 2023
... private markets (equity with higher returns and higher risk, or debt also offering attractive returns and with more protection albeit higher on the capital stack. "We see more Australian investors looking to allocate to private debt, and our GIRA partners ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
... Corporations Act, and the Insurance Contracts Act between November 2015 and October 2018. At the time, MLC provided income protection cover through policies that contained a term under which the insurer promised to pay a 'Rehabilitation Bonus Benefit' ...

HCF Life under ASIC surveillance

CASSANDRA BALDINI  |  FRIDAY, 12 MAY 2023
... condition term. "Which is commonplace across guaranteed acceptance insurance products to provide the seller some level of protection from people falsely claiming when they have a known medical issue," it added. With the growing underinsurance challenges ...

Australian Retirement Trust reduces fees, ups premiums

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... male members, standard death and TPD Assist premiums will increase an average of 26.6%. Those with optional income protection cover will see an increase of 15.1%. For female members, death and TPD premiums will rise by an average 28.2%, and those with ...

HESTA revamps insurance offering

JAMIE WILLIAMSON  |  THURSDAY, 4 MAY 2023
... help ensure that the cover continues to be sustainable, so we can continue to offer members access to a basic level of protection for the times they need it most..." HESTA said. The fund is also introducing changes to several of its insurance terms and ...

MA Financial acquires US credit manager

CHLOE WALKER  |  TUESDAY, 2 MAY 2023
The listed fund manager is entering the US credit market through a buyout of New York asset manager Blue Elephant Capital Management (Blue Elephant). MA Financial is paying about $7.5 million for Blue Elephant, which was founded in 2013 and manages ...

YFYS sanctions don't help existing members: ISA

CHLOE WALKER  |  THURSDAY, 27 APR 2023
On the back of yesterday's heatmaps from APRA, Industry Super Australia (ISA) has said it's clear that closing funds to new members is a Choice sector business model, not a punishment. The Choice heatmaps revealed two thirds of products that are closed ...

Investors flock to term deposits over equities

ANDREW MCKEAN  |  THURSDAY, 27 APR 2023
... disadvantage. Secondly, most of a client's retirement capital isn't likely to be used in the short-term when the protection from volatility that a term deposit offers can make sense," he said. "Even a 60-year-old who is retiring immediately may ...