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| | | ... began scouting for potential buyers in February 2020, joining a herd of large financial institutions abandoning life insurance and superannuation. Suncorp Portfolio Services landed in hot water at the banking Royal Commission for a number of issues that ... |
| | | | ... and weak performance. IPM was founded in Sweden in 1998, attracting institutional investors like pension funds, life insurance companies and foundations from the US, Europe, Asia and Australia to its algorithm-driven macro strategy. IPM is in the process ... |
| | | | The coalition has hinted that it will not eradicate commissions paid on life insurance products, acknowledging that financial advisers' bottom line has struggled since the introduction of the Life Insurance Framework reforms. While the government's ... |
| | | | The COVID-19 pandemic has forced many Australians to review their life insurance cover and seek the help of a financial adviser. This is according to the annual MetLife Adviser-Client Relationship Report, which reveals that over 40% of the participants ... |
| | | | The life insurance industry is developing a Professional Standards Framework for all claims and underwriting professionals, with support from the Australian and New Zealand Institute of Insurance and Finance (ANZIIF). The framework is being developed ... |
| | | | The federal government will fold the 2022 Life Insurance Framework Review into the Quality of Advice Review, taking over the responsibilities from ASIC. The Quality of Advice Review will consider the LIF Review as part of its wider mandate, Minister ... |
| | | | ... The admittance rates for advised individual claims continued to be higher than non-advised claims. Superannuation life insurance claims In the group super channel, admittance rates remained largely unchanged: death (98% in both years), TPD (89%, lower ... |
| | | | MLC Life Insurance has made two senior appointments within its finance team, hiring from TAL and Integrity Life. Lesley Mamelok, who was formerly the acting chief executive of Integrity Life, has been appointed general manager, finance and deputy chief ... |
| | | | An overwhelming 70% of products that New Zealand financial advisers recommend are life insurance products, according to the country's financial markets regulator. New statistics released by the Financial Markets Authority (FMA) reveals that risk products ... |
| | | | ... Kulikov will be responsible for ClearView's LifeSolutions product and the development of the group's new life insurance solution, which it hinted will be launched later this year. |
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