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Showing 591 - 600 of 2326 results for "life insurance"

Former Spectrum Wealth, NAB advisers banned

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... SMSF and provide them with statements of advice. "In one instance, Myers advised her client to roll over existing life insurance to the newly established SMSF," ASIC said. "As a result, the client lost life insurance cover and subsequently the client's ...

AZ NGA makes 64th acquisition

ELIZABETH MCARTHUR  |  THURSDAY, 30 APR 2020
... becoming rarer and rarer, but Jeremy and his team are passionate about being their clients' trusted adviser for all life insurance-related matters." Certe Wealth Jeremy Boller founded the firm in 1996. "We got to a size and stage where we needed the ...

Life insurers prepare for grilling

HARRISON WORLEY  |  FRIDAY, 24 APR 2020
Key players in Australia's life insurance sector are preparing to face a grilling by parliamentarians via videoconference next week. Next week several major life insurance firms and advocacy bodies will face up to the scrutiny of the House of Representatives ...

Risk advisers under fire

ELIZABETH MCARTHUR  |  THURSDAY, 23 APR 2020
This week's joint report from ASIC and APRA into life insurance and claims handling found superior consumer outcomes for group life insurance, leading a prolific law firm to suggest risk advisers add little to no value. Maurice Blackburn superannuation ...

NAB remediation bill grows

ELIZABETH MCARTHUR  |  MONDAY, 20 APR 2020
... announcement also indicated that MLC Life is facing tough times. "The challenging operating environment within the life insurance industry has resulted in a decline in the carrying value of NAB's 20% investment in MLC Life since September 2019," NAB ...

MLC Life executive joins AFCA

HARRISON WORLEY  |  FRIDAY, 17 APR 2020
... advice at AFCA. A former industry super fund has also joined the body as lead ombudsman for superannuation. MLC Life Insurance chief of customer operation Natalie Cameron has been appointed as lead ombudsman for investments and advice, alongside former ...

Major regulatory efforts delayed

HARRISON WORLEY  |  WEDNESDAY, 15 APR 2020
... Additionally, the regulator confirmed on Tuesday that it would delay its work on grandfathered conflicted remuneration and life insurance advice, alongside its introduction of three temporary measures to assist the superannuation industry with providing ...

ASIC provides relief around early super access advice

JAMIE WILLIAMSON  |  TUESDAY, 14 APR 2020
... the COVID-19 crisis. It has also confirmed it is delaying its work on grandfathered conflicted remuneration and life insurance advice. To assist the provision of advice around the government's early access to super scheme, ASIC has allowed advice ...

FSC appoints deputy chief executive

ALLY SELBY  |  TUESDAY, 14 APR 2020
... COVID-19 crisis. "Our members in financial services across the board - advice, superannuation, funds management and life insurance - are all playing a critical role in helping Australians, and more broadly in the economy, as the Government applies a ...

Westpac AUSTRAC bill continues to grow

ELIZABETH MCARTHUR  |  TUESDAY, 14 APR 2020
... the value of several assets amounting to about $70 million and has seen costs change in the provision of group life insurance to the tune of $70 million. Westpac chief executive Peter King maintained the bank is well positioned to respond to the volatile ...