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Showing 791 - 800 of 6956 results for "Insurance"

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... occupational or personal pension schemes. In 2020, ASIC introduced a ban on the use of cold calling to sell direct life insurance. Meanwhile, in 2021 anti-hawking legislation was introduced. Earlier this year, the Australian Institute of Superannuation ...

Industry funds gain ground in retirement asset battle: KPMG

ANDREW MCKEAN  |  FRIDAY, 5 MAY 2023
... to offer attractive retirement income solutions that cater to members' need for secure income, such as longevity insurance options. As a trusted source for retirement solutions, super funds can create a competitive edge by focusing on member-centric ...

HESTA revamps insurance offering

JAMIE WILLIAMSON  |  THURSDAY, 4 MAY 2023
HESTA has renewed its mandate with AIA Australia and, in doing so, made a raft of changes to its insurance offering. HESTA notified members it has renewed its insurance arrangements with AIA, extending the relationship that's been in place since 2017. ...

MLC Life appoints chief investment officer

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
MLC Life Insurance has appointed an executive who will take on the dual roles of chief investment officer and deputy chief financial officer. Hiroyuki Endo, who was most recently the general manager of the separate account investment department for ...

Wealth inequality divides Australia: Research

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
... housing affordability and life expectancy as well as your chances of being a victim of crime, being able to pay your insurance bills, and enjoy a comfortable retirement," Miller said. "The fear is that the income gap could widen even further because ...

JPMorgan acquires First Republic Bank

CASSANDRA BALDINI  |  TUESDAY, 2 MAY 2023
... Chase, which will assume all its deposits and most of its assets. Californian authorities, alongside the Federal Deposit Insurance Corporation (FDIC), closed the doors to First Republic on Monday, in hopes of ending the bitter turmoil within the US banking ...

JPMorgan among banks to bid in First Republic sale

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... final bids were made to rescue the bank and a decision on its takeover could be expected imminently. The Federal Deposit Insurance Corporation (FDIC) previously revealed 11 banks showed their support by depositing $30 billion into First Republic. However ...

ClearView appoints chief executive

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... industry. "As the group's inaugural managing director, Simon has led ClearView to become one of Australia's leading life insurance companies," it said. "Over the last few years, he has successfully guided the business through a period of enormous disruption ...

ASIC updates breach reporting guidelines

KARREN VERGARA  |  FRIDAY, 28 APR 2023
... licensees and credit licensees, following consultation from the likes of super funds, financial advisers, banks and insurance firms that expressed operational issues with the regime since its introduction on 1 October 2021. The updates include the clarification ...

$100bn withdrawal triggers First Republic stock plunge

ANDREW MCKEAN  |  WEDNESDAY, 26 APR 2023
... bank deposit runs, authorities have intervened to guarantee deposits beyond the typical limits. Though, the deposit insurance in the US covers only up to $250,000, and many banking institutions possess deposits exceeding this amount. "These deposits ...