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

Search Results

Showing 801 - 810 of 6957 results for "Insurance"

$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 ...

Link to offer Allianz Retire+ solution to super funds

CHLOE WALKER  |  WEDNESDAY, 26 APR 2023
... and tailored experiences for members as they near or enter retirement," she said. Meanwhile, Allianz Australia life insurance chief executive Adrian Stewart said the deal would enable better outcomes for members and super funds by offering flexible solutions ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... retrospective tax on existing assets, potentially impacting financial planning strategies for those nearing or in retirement. Insurance through super Apart from the proposed superannuation changes, the ASFA report highlighted that insurance delivered ...

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
According to the latest data on life insurance claims and disputes from APRA and ASIC, TAL is the largest player in the group insurance sector in Australia. TAL leads the life insurance market, boasting a 40.4% market share, insuring 3.9 million lives ...

Adviser complaints rise, super complaints decrease

KARREN VERGARA  |  WEDNESDAY, 19 APR 2023
... (16,654), followed by general insurer (10,639) and credit provider complaints (4027). In terms of products, home building insurance received the highest number of complaints (18.2%). This is followed by complaints about deposit taking or payment systems ...

AIA launches retail rewards program

KARREN VERGARA  |  TUESDAY, 18 APR 2023
AIA Australia has launched an incentive program for new retail clients in a bid to encourage healthy behaviours. The insurer offers Healthier Life Reward to new customers who are non-smokers with a body mass index between 18-26 and have no medical loading. ...

Super fund selection driven by fees: SCA

ANDREW MCKEAN  |  THURSDAY, 13 APR 2023
... a "good" super fund. Additionally, the survey revealed that 19% of individuals with super were uncertain about their insurance status. Even among those aware of their insurance, only half knew their coverage (51%) and costs (54%). Full-time workers were ...

APRA defers CPS 230 introduction

JAMIE WILLIAMSON  |  THURSDAY, 13 APR 2023
... Outsourcing (SPS 231) and Prudential Standard SPS 232 Business Continuity Management (SPS 232) and the private health insurance standard Prudential Standard HPS 231 Outsourcing (HPS 231). It is intended to improve operational risk practices through enhanced ...

SVB, Signature Bank securities up for sale

KARREN VERGARA  |  WEDNESDAY, 12 APR 2023
... of Silicon Valley Bank and Signature Bank that collectively amount to US$104 billion ($156.2bn). The Federal Deposit Insurance Corporation recently announced that it retained BlackRock Financial Market Advisory to sell the securities of the two collapsed ...

Digital advice association in the works

CASSANDRA BALDINI  |  TUESDAY, 11 APR 2023
... different," he highlighted. "It's usually only online general advice which focuses on investment opposed to super or insurance and those kinds of issues," he said. As the group looks to standardise the definition of digital advice, it also welcomes ...