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Showing 61 - 70 of 2302 results for "Life Insurance"

APRA slaps $5.5m capital penalty on KeyInvest

MATTHEW WAI  |  TUESDAY, 5 AUG 2025
... licence conditions on KeyInvest over risk framework flaws and questionable long-term objectives. KeyInvest is a life insurance company and friendly society that primarily offers funeral bonds. Following an independent review, APRA has identified shortcomings ...

CALI launches review of Life Code

ELIZA BAVIN  |  THURSDAY, 31 JUL 2025
The Council of Australian Life Insurers (CALI) has appointed Peter Kell to lead an independent review of the Life Insurance Code of Practice (Life Code). The review will begin on 1 October 2025. The Life Code sets enforceable standards life insurers ...

Acenda Group names finance, risk leads

KARREN VERGARA  |  MONDAY, 28 JUL 2025
... Australia and New Zealand," Dunn said. De Bruin commented that their "combined experience across financial services and life insurance, as well as their strong leadership capabilities will benefit Acenda as we lead the merged organisation through this ...

Investments, advice complaints jump 18%

KARREN VERGARA  |  WEDNESDAY, 23 JUL 2025
... for victims of unlawful advice." Conversely, superannuation complaints dropped 16% year on year to 6164, while life insurance-related complains rose 5% year on year to 1518. One bright spot was the 45% decline in scam-related complaints to 5977. "Whilst ...

Younger Aussies want personalised financial advice: CALI

MATTHEW WAI  |  TUESDAY, 22 JUL 2025
New research conducted by the peak body of life insurance indicated close to half of young Australians want financial advice on life insurance, but only one in 10 receive it. The Council of Australian Life Insurers (CALI) said more Australians between ...

North inflows jump 60%

KARREN VERGARA  |  MONDAY, 21 JUL 2025
... first relates to allegations AMP charged higher premiums for certain members of AMP's superannuation funds for life insurance during the period 2019 to 2024. The second lawsuit relates to a dispute with Dexus Funds Management and Macquarie Retail ...

ASIC fines advice groups over unregistered advisers

JAMIE WILLIAMSON  |  THURSDAY, 17 JUL 2025
... Victoria. According to ASIC, the unregistered adviser presented a Statement of Advice to a client in relation to life insurance products. "Failure to register a financial adviser creates a risk for consumers who may receive personal advice from unregistered ...

Hostplus extends MetLife partnership

MATTHEW WAI  |  MONDAY, 14 JUL 2025
... focused on delivering insurance service excellence to support Australians throughout their life with sustainable life insurance cover." The announcement follows significant changes to Hostplus' insurance offerings in August last year, which included ...

Mental illness payouts balloon over $2.2bn: CALI

MATTHEW WAI  |  FRIDAY, 11 JUL 2025
... 30s over the past decade. CALI chief executive Christine Cupitt said Australia's financial safety net, not just life insurance, is reaching a "tipping point". "Every year we see a growing number of people, particularly younger Australians, leaving the ...

Insurer names interim chief executive

JAMIE WILLIAMSON  |  THURSDAY, 10 JUL 2025
Adrian Stewart is set to leave Allianz Australia Life Insurance and Allianz Retire+, with an acting chief executive appointed. David Kane, currently chief operating officer, is stepping into the lead role in an interim capacity. Allianz said Stewart ...