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Showing 781 - 790 of 6992 results for "Insurance"

Federated Hermes secures $486m for private equity fund

ANDREW MCKEAN  |  WEDNESDAY, 12 JUL 2023
... Investments (LPPI) and Hostplus. Moreover, the fund expanded its investor base, attracting new participants like Samsung Life Insurance from Korea and other European investors. Federated Hermes chief investment officer Peter Gale said the successful ...

Ag sector boosts Australia's productivity

KARREN VERGARA  |  TUESDAY, 11 JUL 2023
... (6.3%), arts and recreation services (5.2%) and wholesale trade (4.8%) comprised the top five sectors. The financial and insurance services sectors neared the bottom of the list at 2.3%, not far behind accommodation and food services at 0.5% and retail ...

Federal Reserve plans upping capital requirements

CASSANDRA BALDINI  |  TUESDAY, 11 JUL 2023
... update coincides with Silicon Valley Bank's (SVB) parent company SVB Financial Group suing the US Federal Deposit Insurance Corporation (FDIC) to recover $US1.9 billion which it seized upon takeover in March. SVB Financial Group said an inability ...

Equipsuper adds board director

ELIZABETH FRY  |  TUESDAY, 11 JUL 2023
... operations. Widdup was one of the mid-market infrastructure firm's top dealmakers. Even earlier, he worked for the Insurance and Superannuation Commission, now APRA. Equipsuper chair Danny Casey welcomed Widdup to the board. "Julian brings a wealth ...

Young people 'locked out' of superannuation: ISA

ANDREW MCKEAN  |  TUESDAY, 11 JUL 2023
... superannuation system was established in 1992, under 18s were negotiated into the legislation because it was feared fees and insurance would erode smaller super balances. However, fees for lower account balances are capped and insurance isn't automatically ...

Commonwealth Super Corp appoints chief customer officer

JAMIE WILLIAMSON  |  MONDAY, 10 JUL 2023
... has been named at Commonwealth Superannuation Corporation (CSC), bringing experience in financial advice, super and insurance. Adam Nettheim has taken on the role, a promotion from his prior role as executive manager, customer operations. CSC explained ...

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. ...

Cbus informs members of premium changes

JAMIE WILLIAMSON  |  TUESDAY, 4 JUL 2023
... professional workers will cop a 12c increase per unit of TPD to now total $1.67 a week. The changes follow Cbus increasing most insurance premiums in July last year. It also increased premiums for some of its members in October 2021 and in April 2020. ...

Adviser levy tripled, labelled "deeply unfair"

JAMIE WILLIAMSON  |  THURSDAY, 29 JUN 2023
... registration, administration of the adviser exam, the Financial Services and Credit Panel, and the review of the Life Insurance Framework. The release of the indicative cost recovery follows minister for financial services Stephen Jones confirming the ...

Jones lifts adviser levy freeze, updates funding model

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... ASIC investigates an individual suspected of providing unlicensed personal financial advice but also advises on general insurance products based on time spent by staff of 30% versus 70% respectively, the same cost-recovery ratio will apply to the relevant ...