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Showing 691 - 700 of 2995 results for "Problem"

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
Profitability in life risk insurance has dropped to the extent that the sector is now loss-making in aggregate, according to KPMG. The global consultant's analysis of the financial results of Australia's life insurers shows the sector made an ...

ASIC eyes claims handling

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
Total and permanent disability insurance and the claims handling processes of insurers are well within ASIC's sights. Following the release of an ASIC review into TPD which found significant, industry wide problems with product design and claims handling ...

FSC, ISA face off over APRA heat map

HARRISON WORLEY  |  MONDAY, 18 NOV 2019
Two of the most influential lobbying groups in superannuation have taken vastly different positions on APRA's recently unveiled MySuper heat map. The Financial Services Council and Industry Super Australia have aired uniquely different perspectives ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
RBA rate cut expectations strengthened after the release of worse-than-expected Australian labour market report. Duh! If financial markets were waiting for the jobs report to raise the odds of another Reserve Bank of Australia (RBA) rate reduction ...

No pat on the back for high performers: APRA

HARRISON WORLEY  |  FRIDAY, 15 NOV 2019
APRA's superannuation heat map will not feature any means for demonstrating high performance across any of the system's metrics, the regulator has revealed. APRA outlined its superannuation heat map at the 2019 ASFA Conference in Melbourne this ...

Default insurance likely to go: Silk

HARRISON WORLEY  |  FRIDAY, 15 NOV 2019
... play in the superannuation industry," Silk said. The AustralianSuper boss said the issues of insurance in super were a problem of the industry's making, noting the super and insurance sectors put themselves in the firing line without government or regulatory ...

Defined contribution: A global perspective

HARRISON WORLEY  |  THURSDAY, 14 NOV 2019
... issue in the US - with people withdrawing or taking loans from their retirement savings - but not the biggest. "The big problem is people have many, many jobs during their career. Each time, they have the opportunity to take their money out. It's taxed ...

TAL launching new product

ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
... activites amongst customers. TAL chief commercial officer, individual life, Tim Thorne said: "Diabetes is a challenging problem for public health worldwide and the life insurance market for people living with diabetes is underserved. "While some people ...

FASEA attempting to re-write law: AFA

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 NOV 2019
... permitted under the code and what will not, with less than two months until commencement and no obvious way to fix this problem," Anderson said. "With all forms of commissions and asset-based fees now in doubt, 57% of financial adviser practice income ...

Chi-X forced to be client of competition

ELIZABETH MCARTHUR  |  MONDAY, 4 NOV 2019
... of being the ASX's biggest competitor and also one of its biggest clients for clearing and settlements services. "The problem is, if we don't like the clearing and settlements service they give us, we can't go to another one down the road," Somes sum ...