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Showing 661 - 670 of 5269 results for "Life 439"

Nuveen wins $190m super mandate

KARREN VERGARA  |  MONDAY, 22 MAY 2023
Nuveen has secured a mandate from four superannuation funds to invest $190 million across alternative office assets located in the US. Cbus Super, Hostplus, TWUSUPER and another undisclosed super fund have invested in Nuveen's US Cities Workplace Fund ...

Farewell Michael Harrison

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2023
A veteran of the Australian financial services sector, Michael Harrison is being remembered as a teacher, mentor, and unrelenting advocate for risk advisers after he passed away on Sunday morning, aged 78. Harrison enjoyed a varied and colourful career. ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
MLC Life will pay $10 million, in addition to $12 million in remediation, for failing to pay promised rehabilitation benefits. The life insurer was penalised by the Federal Court after it was found guilty of several breaches of the ASIC Act, the Corporations ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
... subsidiaries - AMP Life, AMP Financial Planning, AMP Superannuation, and NM Superannuation - breached the law. However, only AMP Life ($18m) and AMPFP ($6m) will pay a combined penalty of $24 million. AMP Life and AMP Financial Planning admitted that ...

Finfluencers bridge financial advice gap

KARREN VERGARA  |  THURSDAY, 18 MAY 2023
One year since ASIC forced finfluencers to obtain a general advice licence or else, finfluencers playing by the rules are reaching financially illiterate and disengaged Australians in a way that traditional advice has failed to. Finfluencers backed ...

Lumiant, Invest Blue build digital advice platform

CASSANDRA BALDINI  |  MONDAY, 15 MAY 2023
Invest Blue will provide Lumiant with $2 million in seed capital to develop a digital platform to boost client engagement. Under the strategic partnership, Invest Blue managing director David Stephen will be added to the Lumiant board as the advice ...

HCF Life under ASIC surveillance

CASSANDRA BALDINI  |  FRIDAY, 12 MAY 2023
The regulator has started civil proceedings in the Federal Court against the insurer after alleging it issued three types of insurance policies containing unfair and misleading contract terms. ASIC said the case involves standard form contracts issued ...

AFCA tallies up COVID-19 complaints

JAMIE WILLIAMSON  |  FRIDAY, 12 MAY 2023
The Australian Financial Complaints Authority (AFCA) received close to 1500 complaints about superannuation funds over the course of the COVID-19 pandemic. Releasing data now that the World Health Organisation has declared the pandemic over, AFCA said ...

Qualitas signs $1bn credit mandate

JAMIE WILLIAMSON  |  MONDAY, 8 MAY 2023
A global institutional investor will incrementally drip $1 billion into Australian commercial real estate (CRE) private credit opportunities via Qualitas. The unnamed investor will make investments in tranches, starting with $220 million to be seeded ...

Work, retirement redefined: Vanguard study

CHLOE WALKER  |  MONDAY, 8 MAY 2023
According to Vanguard's inaugural How Australia Retires report, many working-age Australians are not only changing their expectations of life before retirement, but also reshaping expectations of what retirement means to them. Vanguard's survey of more ...