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

Search Results

Showing 441 - 450 of 6952 results for "Insurance"

Morningstar flags governance issues, leadership turnover at Cbus

ANDREW MCKEAN  |  TUESDAY, 29 OCT 2024
... Cbus has made to translate its growing scale into lower investment fees in recent years and also the launch of a new insurance offering for members..." Morningstar also noted Cbus has had subpar shorter-term relative returns, albeit respectable over ...

Gap exists between licensees' AI use and governance processes: ASIC

MATTHEW WAI  |  TUESDAY, 29 OCT 2024
... use cases across 23 licensees as at the end of 2023, which included operations in the financial advice sector and life insurance, to identify potential loopholes in AI incorporation. The Beware the gap: Governance arrangements in the face of AI innovation ...

ASIC secures win against HCF Life

ELIZA BAVIN  |  TUESDAY, 29 OCT 2024
... coverage even if the customer was not aware of the pre-existing condition. Additionally, ASIC said section 47 of the Insurance Contracts Act (ICA) prevents insurers from excluding coverage for non-disclosure of a pre-existing condition if the customer ...

abrdn bleeds $6bn, share price plummets

JAMIE WILLIAMSON  |  FRIDAY, 25 OCT 2024
... Investor - which also accounted for much of the growth seen in AUMA, alongside positive market moves. Meanwhile, it's Insurance Partners business also saw net outflows of $2.15 billion (£1.1bn). Listed on the London Stock Exchange, at the close on Wednesday ...

Delaying DBFO imposes 'generational' consequences

MATTHEW WAI  |  THURSDAY, 24 OCT 2024
... met. More than 40% of Australians want personalised advice that could help them make informed decisions for specific insurance products, and under the reform, life insurers will be able to achieve that at no extra cost. This would be particularly helpful ...

Down but not out: Busting defined benefit myths

ANDREW MCKEAN  |  WEDNESDAY, 23 OCT 2024
... significant" in Australia. One myth, Edibam said, is that when DB funds de-risk, they merely shift the financial burden onto insurance companies, offloading their responsibilities without addressing the underlying complexities. However, she clarified ...

Australian Ethical FUM nears $13bn

MATTHEW WAI  |  FRIDAY, 18 OCT 2024
Australian Ethical has recorded a 24% growth in funds under management so far this financial year, fuelled by its acquisition of Altius Asset Management. Australian Ethical has $12.95 billion in funds under management (FUM) as at September end. About ...

JANA awarded mandate for $2bn construction leave scheme

MATTHEW WAI  |  THURSDAY, 17 OCT 2024
... in-depth understanding of the interaction between the assets and liabilities on their balance sheets," JANA head of insurance strategy Greg Wilkinson, said. "Ensuring that JANA's insurance and liability-driven client team includes a number of investment ...

Super fund fees exploit Australians' low financial literacy

ANDREW MCKEAN  |  WEDNESDAY, 16 OCT 2024
... super funds apply multiple charges to account holders, including administration fees, investment fees, transaction fees, insurance premiums, activity fees and performance fees. However, only 1% of Australians are aware that there are up to six fee types ...

Clime shakes up board again

KARREN VERGARA  |  WEDNESDAY, 16 OCT 2024
... supervision with the appointment of external specialists." "These efforts have resulted in substantial cost reductions in insurance premiums, IT expenses, and systems," he said.