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Showing 951 - 960 of 4514 results for "Cover"

E&P Financial Group hit with class action

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... Court case against EP1's financial advice arm and instead ordered DASS to pay $7.2 million in penalty and $1 million to cover its legal costs. EP1 said that it is reviewing Piper Alderman's claims and intends to defend itself. "Given the proceeding ...

Australia Post Super Scheme cuts premiums by 10%

ELIZABETH MCARTHUR  |  THURSDAY, 4 NOV 2021
... fund reducing premiums by 10%. The reduction is for APSS spouse and rollover accounts and applies to all ages and level of cover. APSS has also joined many other funds in changing the definition by which it assesses TPD claims, ditching the rigid 'activities ...

Equip, corporate fund merger complete

JAMIE WILLIAMSON  |  WEDNESDAY, 3 NOV 2021
Equip has finalised its latest successor fund transfer, adding $765 million to its funds under management. The fund's merger with BOC Super was official as of November 1, with Equip welcoming about 3000 new members in the process. BOC is a supplier ...

AMP officially exits life market

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 NOV 2021
... insurance before demutualising and listing in 1998. The company is exiting life insurance after a 171-year history of life cover being central to the business.

Montaka Global inks new distribution deal

ELIZABETH MCARTHUR  |  TUESDAY, 2 NOV 2021
Specialist global equities manager Montaka Global has confirmed a distribution deal with an Australian firm. Hillcrest Strategic Partners will distribute Montaka funds to the intermediated retail market across Australia under the new agreement. Hillcrest ...

Aussies in the dark over super stapling

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... people, but without action from Parliament there is a risk some people will lose access to affordable default insurance cover in their super," Super Consumers Australia director Xavier O'Halloran said. "The greatest benefit of default insurance is ...

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... problematic. The FPA said individual responsibility - in this case by ensuring adequate and appropriate professional indemnity cover is in place for licensed financial planners - should be the first line of defence to address consumer compensation. For ...

Future Fund becoming more expensive to operate

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... cost has jumped from 1.13% in FY20 and 1.57% in FY18. These figures comprise operating costs and look-through costs, which cover expenses such as investment management and performance fees incurred. In the latest financial year results, three out of ...

SCA slams five super funds' junk insurance

KARREN VERGARA  |  THURSDAY, 28 OCT 2021
... nature of these restrictive disability tests means that people already in a precarious financial situation have inadequate cover if they can never work again. Equally unfair is they make it much harder to claim for mental health conditions," he said. ...

Super executives switching options in conflict: ASIC

ELIZABETH MCARTHUR  |  WEDNESDAY, 27 OCT 2021
... have effective conflicts management frameworks to prevent the misuse of such information," Press said. "Policies should cover the identification, control, management and regular monitoring of conflicts as well as the consequences for non-compliance. ...