Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 2139 results for "Life Insurance"

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... "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 96,987 complaints ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... 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 buyers, according to the latest Radar Results figures, which values them higher compared ...

ASIC lifts ClearView interim stop order

KARREN VERGARA  |  FRIDAY, 21 JUL 2023
... provide personal advice. ASIC has thus far issued 39 interim stop orders for defective TMDs relating to general and life insurance products. This is the first interim stop order issued by ASIC in the life insurance industry.

Westpac closes Specialist Businesses Division

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
... deemed to lack sufficient scale, being platforms, superannuation and retirement products, investments, general and life insurance, auto finance, and Westpac Pacific. Jason Yetton was appointed to lead the review of each business and, in the three years ...

ASIC slaps interim stop order on ClearView

KARREN VERGARA  |  WEDNESDAY, 19 JUL 2023
ClearView has copped an interim stop order on two of its life insurance products after ASIC found deficiencies in its Target Market Determination (TMD). The interim stop order applies to Clearview Life's ClearChoice Income Protection Cover and Accidental ...

ClearView strengthens leadership team

KARREN VERGARA  |  MONDAY, 17 JUL 2023
... assumes the position of group executive for product and pricing, stepping up from his previous role as head of life insurance product and pricing, which he held since 2021. Kulikov's responsibilities will expand to include data and analytics, and product ...

Leigh Watson caps four decades in industry

ELIZABETH FRY  |  FRIDAY, 14 JUL 2023
... chief operating officer in Asia. Previously he served as chief executive of Asia at MLC. Having worked across the life insurance/reinsurance, funds management and superannuation sectors, he is keeping an eye out for non-executive opportunities, he said. ...

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 ...

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... injury insurance. Howden will also have to pay $100,000 in penalties. Select sold the products issued by St Andrew's Life Insurance under the brand names Let's Insure and FlexiSure. Parent company Bank of Queensland sold St Andrew's to Farmcove Investment ...

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 ...