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Showing 81 - 90 of 2140 results for "Life Insurance"

Treasury proposes upping supervisory levies

ANDREW MCKEAN  |  FRIDAY, 26 MAY 2023
... year prior. APRA will focus on maintaining the financial and operational resilience of these institutions. The life insurance sector, including friendly societies, also saw a modest rise in levy funding, from $20 million to $20.4 million. APRA will focus ...

Sony to list financial services business

KARREN VERGARA  |  WEDNESDAY, 24 MAY 2023
Sony is set to partially spin-off its financial services arm, a diversified unit operating in life insurance, banking and venture capital. Sony Financial Group Inc (SFGI), which operates in life and non-life insurance, banking, nursing care and venture ...

Farewell Michael Harrison

JAMIE WILLIAMSON  |  MONDAY, 22 MAY 2023
... and abroad, and author of several books. In 1997, Harrison was tasked with reinventing Zurich's Australian life insurance business; it is now the third-largest life insurer in Australia, according to Plan for Life data. Most recently, Harrison served ...

AMP fined $24m for charging deceased customers

KARREN VERGARA  |  FRIDAY, 19 MAY 2023
The Federal Court found AMP guilty of charging deceased customers life insurance premiums and advice fees, ordering it to pay $24 million in penalties. Justice Hespe today determined that four AMP subsidiaries - AMP Life, AMP Financial Planning, AMP ...

HCF Life under ASIC surveillance

CASSANDRA BALDINI  |  FRIDAY, 12 MAY 2023
... Australia, HCF Life said it feels it is in the best interests of consumers to have direct access to affordable life insurance products such as those in question. "It is important to note this case relates to HCF Life only," it concluded.

AFCA tallies up COVID-19 complaints

JAMIE WILLIAMSON  |  FRIDAY, 12 MAY 2023
... attributed this to the Early Release of Super Scheme. A further 438 related to investments (3%), and 154 were over life insurance (0.9%). The bulk of complaints were in relation to credit (48%) and general insurance (30%). By products, 1134 complaints ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... occupational or personal pension schemes. In 2020, ASIC introduced a ban on the use of cold calling to sell direct life insurance. Meanwhile, in 2021 anti-hawking legislation was introduced. Earlier this year, the Australian Institute of Superannuation ...

MLC Life appoints chief investment officer

KARREN VERGARA  |  TUESDAY, 2 MAY 2023
MLC Life Insurance has appointed an executive who will take on the dual roles of chief investment officer and deputy chief financial officer. Hiroyuki Endo, who was most recently the general manager of the separate account investment department for ...

ClearView appoints chief executive

CASSANDRA BALDINI  |  MONDAY, 1 MAY 2023
... industry. "As the group's inaugural managing director, Simon has led ClearView to become one of Australia's leading life insurance companies," it said. "Over the last few years, he has successfully guided the business through a period of enormous disruption ...

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 ...