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| | | HESTA is introducing several insurance fee changes with most members paying less from September 28. For most HESTA Super and HESTA Personal Super members, the super fund said insurance fees will reduce by at least 3.2% for unitised cover and 2.5% for ... |
| | | | Insurers will no longer be able to use genetic test results in life insurance underwriting, with a total ban to be introduced by the government. Earlier this year, the government consulted on the use of genetic test results in underwriting life insurance ... |
| | | | ... The Australian Financial Complaints Authority (AFCA) is seeking feedback on how it approaches dealing with common life insurance related complaints. The external dispute resolution company is specifically consulting on two draft approach documents for ... |
| | | | MLC Life Insurance has appointed a chief executive, individual business and a chief customer and strategy officer. Gerard Kerr joins the life insurer as chief executive, individual business, while Jane McGovern moves internally from chief risk officer ... |
| | | | ... increasing its stake since July 2021, Apollo has now reduced its shareholding from 20.1% to 9.9%. As a result, MS&AD Insurance Group becomes Challenger's largest shareholder at 15.1%. A spokesperson for Challenger said Apollo has decided to "redeploy ... |
| | | | ... Super and Bendigo SmartStart Pension products, which were part of the Bendigo Superannuation Plan. TAL, which is the insurance partner of Bendigo Superannuation, will continue to be the provider under the new ownership. "As we expand into a broader financial ... |
| | | | ... concerned that it is not enough. "I worry about adding to that burden. These are trusts, it's not a bank, they're not insurance companies, they don't have a lot of capital, they don't have shareholders - there are some exceptions but largely they don't ... |
| | | | MetLife Australia has launched a new online insurance platform to provide more ease for its super funds' members to access their life insurance. The life insurance company said Manage My Insurance will allow its super fund's members to access ... |
| | | | ... two supervision divisions instead of the current three frontline supervision divisions - banking, superannuation, and insurance (encompassing general, life and private health insurance). From September 2, the two frontline supervision divisions will ... |
| | | | NGS Super will adjust its insurance costs, resulting in lower premiums for more than 97% of its members, from October 1. The super fund noted, however, that a "small group of members" will experience an increase in costs. On average, its members will ... |
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