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Showing 71 - 80 of 2389 results for "Protection"

Integrity Life to cease writing new retail policies

JAMIE WILLIAMSON  |  TUESDAY, 5 SEP 2023
... retail advised channel, it will also apply to the corporate group channel to "maintain capital for the benefit and protection of existing policyholders." According to its website, Integrity Life has access to more than $180 million in capital, with backers ...

Government must do more after product failures: FSC, SCA

JAMIE WILLIAMSON, RACHEL ALEMBAKIS  |  FRIDAY, 1 SEP 2023
... to retirement products. Labelling it "a major blindspot", O'Halloran said: "This leaves Australian retirees without protection when they need it most... there's little transparency over retirement products' fees and performance, and no accountability ...

Munich Re targets AMP over alleged reinsurance misconduct

ANDREW MCKEAN  |  WEDNESDAY, 23 AUG 2023
... of the AMP Life retail portfolio in 2017. This enabled AMP to release around $500 million in capital from its wealth protection business. At the time, former AMP chief executive Craig Meller noted that reinsurance strategies were crucial to improving ...

Crypto lender sentenced for false licence

CHLOE WALKER  |  FRIDAY, 18 AUG 2023
Melbourne-based cryptocurrency lender Helio Lending (Helio) has been sentenced to a non-conviction bond for falsely claiming that it held an Australian credit licence (ACL) when it did not. In 2019, Helio falsely represented on its website that it held ...

Challenger Life books record annuity sales

KARREN VERGARA  |  TUESDAY, 15 AUG 2023
... propositions, as required under the Retirement Income Covenant," he said. "As Australia's leading provider of longevity protection with decades of experience, Challenger via the Solutions Group is well placed to help superannuation funds simplify ...

Pacific Equity Partners finances reverse mortgage lender

ANDREW MCKEAN  |  MONDAY, 14 AUG 2023
Pacific Equity Partners (PEP) will finance Household Capital, a reverse mortgage lender, to address the retirement funding and housing needs of senior Australians. PEP is investing in a financing layer of Household Capital's funding structure, alongside ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... industry super fund has announced a reduction in weekly insurance premiums for death, terminal illness, TPD, and income protection cover. First Super reduced the weekly cost of its default insurance cover, prompted by fewer than expected claims in previous ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... jurisdictions in which we operate. We pride ourselves on working in close collaboration with regulators to ensure consumer protection while also balancing the need for access for individual investors." ASIC is seeking declarations and pecuniary penalties ...

IML launches Aussie shares fund as active ETF

CASSANDRA BALDINI  |  TUESDAY, 1 AUG 2023
... benchmark (8.3%) by 1.1%, since its inception. Moreover, it has exhibited lower volatility and demonstrated better capital protection for clients during market downturns, IML said. IML senior portfolio manager and head of research Hugh Giddy has overseen ...

Industry grapples with looming cyber threats

CHLOE WALKER  |  THURSDAY, 27 JUL 2023
With the threat of cyber-attacks growing by the day, leadership teams in all areas of financial services are being urged to ramp up cybersecurity protections, with the regulators keeping a keen eye on their efforts. But while major institutions might ...