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

Search Results

Showing 521 - 530 of 2302 results for "Life Insurance"

Managed funds recover FUM losses

ANNABELLE DICKSON  |  WEDNESDAY, 16 SEP 2020
... increase is attributed to its takeover of ANZ's retail funds whereas AMP's decrease was impacted by the sale of its life insurance business to Resolution Life. Gross inflows for the year to June 2020 were $192.2 billion, up 6.9% from the previous 12 ...

MS sufferer fights CommInsure definition

ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
... medical definitions ahead of each PDS update - this is more frequent than the 3-year requirement set out by the Life Insurance Code of Practice. At Integrity, when we update a definition and the update is more favourable to policy holders, we automatically ...

ASIC delays RG97 again

KARREN VERGARA  |  THURSDAY, 10 SEP 2020
... the identification and treatment of derivative costs. The changes are also applicable to issuers of investment life insurance products, and operators of investor directed portfolio services (IDPSs) and managed discretionary account (MDA) services. "Trustees ...

APRA reviews priorities in super

KARREN VERGARA  |  TUESDAY, 1 SEP 2020
... also collect more data on insurance policies including premiums, claims payments and processing stages. As for life insurance, APRA acknowledged the challenges the sector faces as a result of "elevated risk" in deteriorating claims experience and the ...

ASIC names operations, risk leads

KARREN VERGARA  |  MONDAY, 31 AUG 2020
... trustees' communications about insurance to consumers, making sure it is clear and balanced. Likewise for the life insurance sector, ASIC will monitor claims processes and outcomes to ensure consumers are not unfairly disadvantaged from the effects ...

AFA to host virtual conference

JAMIE WILLIAMSON  |  WEDNESDAY, 26 AUG 2020
... an address from assistant minister for superannuation, financial services and financial technology Jane Hume, a life insurance chief executives panel and a licensee leaders panel. "As the major event on the AFA calendar, the AFA Conference is an integral ...

Zurich rejigs operations team

KARREN VERGARA  |  MONDAY, 24 AUG 2020
... members, which is one of our ambitions as an employer-of-choice." Zurich completed its acquisition of ANZ's life insurance business OnePath in June last year.

Kogan Super reports growth

ELIZABETH MCARTHUR  |  TUESDAY, 18 AUG 2020
... has a 0.24% per annum investment fee in the enhanced indexed growth option and an admin fee of 0.33% per annum. Life insurance for Kogan Super members is provided through AIA Australia. Overall, the company reported revenue of $497.9 million, up 13.5% ...

Front loaded discounts lead to worse outcomes

ANNABELLE DICKSON  |  TUESDAY, 18 AUG 2020
... advisers. All too often it is financial advisers that bear the brunt of these poor insurer practices." The retail life insurance industry has adopted these discounts to gain market share but the research demonstrates how over five to 20 years, policies ...

Wealthy Aussies panic buy life insurance

ANNABELLE DICKSON  |  MONDAY, 17 AUG 2020
High net worth investors have resorted to panic buying life insurance products as a result of the COVID-19 pandemic despite low trust in the providers, according to the latest research from GlobalData. The analytics and data firm's 2020 Global Wealth ...