Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 81 - 90 of 2299 results for "Life insurance"

Life insurers report another profitable quarter

KARREN VERGARA  |  FRIDAY, 30 MAY 2025
The life insurance industry appears to have moved past its loss-making years, reporting a $332 million profit at the end of March, new APRA figures show. About $5.7 billion was generated in insurance revenue, marking a 3% rise from the December 2024 ...

QSuper settles $67m class action

ANDREW MCKEAN  |  WEDNESDAY, 28 MAY 2025
... second-largest super fund, has reached a $67 million out-of-court settlement over claims members were overcharged for life insurance premiums. The settlement for the class action, which was brought against the fund in the Federal Court in November 2021 ...

Zurich fined over false and misleading statements

MATTHEW WAI  |  MONDAY, 19 MAY 2025
... liability. Zurich has been contacted for a statement. The fine comes after the Federal Court's ruling of HCF Life Insurance at the beginning of the month - finding the insurer misled the public over a pre-existing condition term under its Recover ...

Advice bodies want efficiency, long-term solutions from Mulino

KARREN VERGARA  |  WEDNESDAY, 14 MAY 2025
... a non-parliamentary sitting week," he said. The AIOFP's policy focus in the short term will be on the CSLR, Life Insurance Framework (LIF) and rationalisation of the compliance regime. "We have been reliably informed that Dr Mulino will avoid the ...

HCF Life fined $750k for misleading contract term

KARREN VERGARA  |  FRIDAY, 9 MAY 2025
HCF Life Insurance has been fined $750,000 by the Federal Court for misleading the public about a pre-existing condition term under its Recover products. Last October, the court ruled the term would deny coverage if a customer did not disclose a pre-existing ...

Life insurance premiums edge lower

ANDREW MCKEAN  |  TUESDAY, 6 MAY 2025
Annual premiums from active life insurance policies fell 1.7% to $16.2 billion in the year to December 2024 - a $300 million decline from the previous year - according to DEXX&R. The market research firm's latest Life Analysis report showed total new ...

Wealth managers' recovery looks promising: Research

KARREN VERGARA  |  FRIDAY, 2 MAY 2025
... incumbent platforms losing market share to specialist platforms," it said. Challenger, meanwhile, stands out for its life insurance-led business model and longevity growth options. But the wealth manager "needs to lift returns." Morgan Stanley said Challenger ...

Frontier Advisors lands major mandate from asset management giant

ANDREW MCKEAN  |  THURSDAY, 1 MAY 2025
... Frontier Advisors has won a mandate from Japan's $350 billion Nissay Asset Management, which is part of the Nippon Life Insurance Group. The mandate will allow Nissay to tap into Frontier's institutional intelligence to support its pension clients. ...

Acenda forms innovation function to create new insurance propositions

ANDREW MCKEAN  |  TUESDAY, 29 APR 2025
Acenda, created pending the merger of MLC Life Insurance and Resolution Life Australasia, has formed an innovation function led by a Suncorp veteran. Acenda said the new division will initially focus on supporting the development of new insurance propositions ...

Future Group confirms more mergers ahead, undertakes review

JAMIE WILLIAMSON  |  THURSDAY, 24 APR 2025
... management, held on behalf of 7500 members. Meantime, MLC Insurance Only is used by about 97,000 members to fund life insurance premiums in a tax-effective structure. It also has superannuation accounts with funds under management totalling about $200 ...