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Showing 51 - 60 of 1208 results for %22Life insurer%22

ASIC looking to send message with eToro action

CASSANDRA BALDINI  |  WEDNESDAY, 9 AUG 2023
... Recently, MLC Life Insurance was hit with a $10 million fee for misleading customers and failing to provide benefits. The life insurer was penalised by the Federal Court after it was found guilty of several breaches of the ASIC Act, the Corporations ...

Hejaz debuts Australia's first Islamic pension product

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... Australia. Hejaz Islamic Super and Pension provides growth, balanced, and conservative investment options, flexible for various life stages including accumulation and pension phases. The balanced investment strategy allocates 60% to growth assets and ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... was true. "He was making a profit. When we explained that to him the dispute disappeared," Singh said. On a brighter note, life insurance complaints trended down 24% to 1898, while general insurance complaints skyrocketed 50% to 27,924. From the total ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
Life and general insurance companies are withstanding the shocks of inflation as investors look to the sector as a shield from wider economic uncertainties. Financial advice firms that specialise in life insurance are experiencing solid demand from ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
The disgraced director of Select AFSL, the company the Hayne Royal Commission exposed for hawking life and funeral insurance to vulnerable customers, has been banned from managing a company for five years, while his companies were fined $13.5 million. ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON  |  TUESDAY, 27 JUN 2023
... many as 2.7 million policyholders' information - including social security details - accessed. Meanwhile, Wilton Reassurance Life Company of New York notified the Attorney General of Maine that the information of 1.48 million customers was stolen. In ...

TelstraSuper introduces new option, drops premiums

JAMIE WILLIAMSON  |  MONDAY, 26 JUN 2023
... members will also benefit from reductions to their income protection premiums. Following a review of its arrangements with MLC Life, TelstraSuper said income protection premiums will come down as much as 30% for some members. Total savings on offer are ...

Small super funds admonish APRA

ANDREW MCKEAN  |  FRIDAY, 23 JUN 2023
... only 35% of superannuation trustees responded positively. In contrast, authorised deposit-taking institutions (ADIs) and life insurers were more favourable, with affirmative responses of 68% and 67% respectively. The survey further highlighted disparities ...

Allianz Retire+ makes key appointments

ANDREW MCKEAN  |  MONDAY, 19 JUN 2023
... and research relationship manager is Robert Coulter, previously head of clients, APAC at Ignition Advice. Allianz Australia Life Insurance chief executive Adrian Stewart said: "Robert brings over two decades of experience working with financial planners ...

Zurich fills newly created executive role

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... New Zealand. Paterson will have enterprise-wide responsibilities for all claims teams and functions across Zurich's Retail Life, Group Life, and General Insurance business segments. He will report directly to Zurich chief executive Justin Delaney. Paterson ...