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| | | ... against it. Westpac said while the class action filed against BT Financial Group, Westpac Securities Administration and Westpac Life Insurance (now known as TAL Life Insurance) in October 2023 reached a settlement in September 2024, it still requires ... |
| | | | BlackRock and Wentworth Capital have joined forces to acquire two life sciences seed assets as part of a plan to build a $1.5 billion platform. BlackRock, through its real estate division, and Wentworth Capital have acquired two assets in Sydney to ... |
| | | | ... further develop and deliver TAL's retirement income solutions in partnership with Australian superannuation funds, the life insurer said. Bransdon will also be responsible for managing and growing TAL's retirement and wealth partnerships as part ... |
| | | | An unnamed global investor is seeding Barings' first Australian private credit vehicle, committing more than $230 million. Barings has launched two APAC credit funds, including the Barings Australian Private Credit Fund. The fund is for institutional ... |
| | | | ... (SoAs) will also receive a makeover, while a new class of advisers called "Qualified Advisers" from banks, super funds, and life insurance firms will be able to provide simple advice. Jones told a recent AFR event: "The financial advice laws in the country ... |
| | | | ... 600 AI 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 ... |
| | | | The Federal Court has ruled in ASIC's favour, finding that a 'pre-existing condition' term in certain HCF Life policies was liable to mislead the public. The term was used in three contracts issued under HCF Life's 'Recover' range of products. ASIC ... |
| | | | ... offering to address that member need to expand basic advice to the household. It is a more realistic addressing of post-work life, of that intersection with Centrelink, and that a couple plans together for retirement." Cbus has more than 920,000 members ... |
| | | | ... members is critical to our vision in helping more Australians accumulate wealth through super and create an income stream for life. In order to innovate, we need to move quickly and take appropriate risks, supported by the right risk and compliance advice," ... |
| | | | ... managing director Nadine Gooderick said Beaumont's appointment reinforces the organisation's focus on its priorities. "As a life only company, our business strategy and our priorities are clear, and our technology and business transformation, and regulatory ... |
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