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Showing 901 - 910 of 6957 results for "Insurance"

Stapling's consequences must be addressed: Cbus

ANDREW MCKEAN  |  MONDAY, 14 NOV 2022
... through stapling, those entering hazardous occupations are offered no information about the risk of working without insurance, or warning that their existing fund's cover is unsuitable or non-existent. "Following the YFYS stapling reforms, Cbus coordinators ...

ANZ to pay $42m in insurance lawsuit

CASSANDRA BALDINI  |  MONDAY, 14 NOV 2022
ANZ has agreed to pay $42 million to settle a class action regarding consumer credit insurance (CCI) products. Commonwealth Bank has also reached a settlement for a similar matter. Slater and Gordon filed the class action against ANZ, OnePath Life ...

CareSuper flags merger with Spirit Super

ANDREW MCKEAN  |  WEDNESDAY, 9 NOV 2022
CareSuper and Spirit Super have entered a preliminary non-binding Memorandum of Understanding (MoU) to explore a possible merger. Under the proposed deal, CareSuper and Spirit Super would combine to create a fund with over 500,000 members, and over ...

TAL launches Professional Year platform

CHLOE WALKER  |  WEDNESDAY, 9 NOV 2022
... news comes after TAL's backing of The Council of Australian Life Insurers (CALI), which now represents 99% of the life insurance industry and 100% of the reinsurance industry in Australia.

SMSF growth slows, allocations shift

CHLOE WALKER  |  WEDNESDAY, 9 NOV 2022
... the ATO, almost one dollar in every five held in SMSFs is in a pooled investment product, being a managed fund, a life insurance policy or some type of collective trust. Equities allocations remain steady at about 36%, as does property at 16%. In 2020 ...

Westpac updates on strategic priorities

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
... relating to the businesses Westpac operates, with a particular focus on getting back to banking and exiting its wealth and insurance businesses. It said it has progressed the sale of three businesses in the past year, including its life insurance business ...

CALI backed by industry

CASSANDRA BALDINI  |  MONDAY, 7 NOV 2022
... industry with 19 life insurers and reinsurers joining its membership. CALI's membership now represents 99% of the life insurance industry and 100% of the reinsurance industry in Australia. Members include AIA Australia, ClearView, Hannover Re, Integrity ...

BlackRock expands proxy voting to retail investors

ANDREW MCKEAN  |  FRIDAY, 4 NOV 2022
... part, allowed us to offer voting choice only to certain institutional investors like pension plans, endowments, and insurance companies," Fink said. "My hope is that in the future, every investor - ultimately including individual investors - has access ...

QAR leaves insurance commissions alone

JAMIE WILLIAMSON  |  THURSDAY, 3 NOV 2022
A new paper from the Quality of Advice Review recommends life insurance commissions be retained, but additional disclosure rules be introduced to ensure clients consent to the payments. In August, the first proposals paper from the Quality of Advice ...

ClearView abandons potential takeover transactions

ANDREW MCKEAN  |  WEDNESDAY, 2 NOV 2022
... underlying NPAT in FY23 in the range of $28.5 million to $30 million. "The business environment of the overall life insurance industry continues to show signs of improvement and ClearView remains well placed to benefit from this improvement, including ...