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| | | ... "Infrastructure, as an asset class, was created by very large institutional investors, sovereign wealth funds, pension funds, insurance companies," he explained. "Most of the capital allocated to the asset class traditionally was coming from those large ... |
| | | | ... members," said Harrison. "Anthony's experience leading cross-functional teams across superannuation, wealth management, insurance, and financial planning has provided him with valuable insights, which will benefit our team, and ultimately our members ... |
| | | | ... Financial Complaints Authority (AFCA) hands down a decision, using the excuse that they do not have professional indemnity insurance (PII). Out of 5400 decisions AFCA delivered in the 2023 financial year, there were 40 instances of non-compliance. While ... |
| | | | ... the business, including financial losses which were not publicly known. Lewis was also informed that AAC did not have insurance coverage relating to cattle lost in the flooding and the losses were not expected to be covered by the Australian government. ... |
| | | | Life and general insurance companies are withstanding the shocks of inflation as 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 ... |
| | | | ... those who already hold sufficient IP or Accidental IP Cover; and are not able to fund premiums over the life of the insurance contract. The two products offer an income replacement ratio of up to 60%. The interim stop order affected IP distributed through ... |
| | | | ... It is intended the FAR will become effective for ADIs six months after the legislation received Royal Assent, while insurance and superannuation entities will have 18 months to prepare. The documents released by APRA and ASIC include the proposed regulator ... |
| | | | Westpac has decided to fold the Specialist Businesses Division that once housed its platforms, superannuation and insurance businesses, redeploying its lead Jason Yetton. The bank has restructured in support of its next strategic phase, chief executive ... |
| | | | 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 ... |
| | | | ... implementation of the Retirement Income Covenant shows that the work that needs to be done in the super sector is not just in the insurance space," assistant treasurer Stephen Jones told an industry event in response to the findings. "Funds should know ... |
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