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Showing 511 - 520 of 2305 results for "life insurance"

Hostplus freezes premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
As life insurance premiums continue to soar, industry fund Hostplus has managed to negotiate a premium freeze for members. The $48 billion super fund has secured a three-year freeze, which will maintain the current rate of death and total and permanent ...

ASIC reviewing risk advice, pushes for scaled advice

ANNABELLE DICKSON  |  WEDNESDAY, 14 OCT 2020
The Australian Securities and Investments Commission is conducting a review of life insurance advice and plans to consult with the industry on scaled advice this year. Speaking at the Association of Financial Advisers Conference, ASIC senior executive ...

BT cuts fees, premiums for super members

ELIZABETH MCARTHUR  |  FRIDAY, 9 OCT 2020
... Tailored Cover option will also decrease by 9.7%. Prior to switching to AIA, BT's group insurance mandate was with BT Life Insurance - the company's own, aligned life insurer.

MLC Life hires wealth and partnerships lead

KARREN VERGARA  |  THURSDAY, 8 OCT 2020
... two years, and prior to that worked at TAL and TOWER Australia. MLC Life made structural changes to its group and life insurance divisions recently, merging the groups to one business unit. Among the internal changes, Emily Wu was promoted to general ...

REI Super ups insurance premiums

ELIZABETH MCARTHUR  |  THURSDAY, 8 OCT 2020
... changes largely reflect the impact of COVID-19 on expected claims experience." In May 2019, REI Super increased life insurance premiums blaming the Protecting Your Super reforms. At the time, death and TPD for those assessed under standard rates increased ...

Integrity Life raises $43m

KARREN VERGARA  |  FRIDAY, 2 OCT 2020
Institutional fund managers have pumped $43 million into life insurance startup Integrity Life to help it expand and build out its digital offering. The majority of the capital came from Schroders Investment Management based in Switzerland, Leadenhall ...

APRA resumes life insurance intervention

ELIZABETH MCARTHUR  |  WEDNESDAY, 30 SEP 2020
APRA will resume its intervention into the life insurance market to stem ongoing heavy losses in individual disability income insurance. APRA announced its intervention in December last year, highlighting flaws in individual disability income insurance ...

CBA progresses with divestment to AIA

ANNABELLE DICKSON  |  WEDNESDAY, 30 SEP 2020
Commonwealth Bank has received another payment furthering the divestment of its life insurance business to AIA Group. CBA has received a payment of approximately $450 million for the sale of CommInsure Life with the proceeds resulting in a pro forma ...

Group risk inflows fall 15%

ALLY SELBY  |  MONDAY, 28 SEP 2020
... mandate from AIA to TAL. In comparison, AIA's inflows fell 47.4% during the year, while MetLife Insurance, MLC Life Insurance, QInsure, Zurich Group and BT/Westpac Group fell 12.2%, 27.5%, 8.9%, 25.9%, and 15.8% respectively. The Rest mandate saw TAL's ...

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... Australia's retail disability income insurance market, including providing examples of Best Interest Duty in life insurance. The report said ASIC included in RG 175 examples of the application of the BID in various circumstances, but there are no ...