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Showing 1 - 10 of 20 results for "ADL"

Integro announces first east coast hire

ELIZABETH FRY | THURSDAY, 29 JAN 2026

Integro has appointed a new head of advice for the East Coast, as the Perth-based firm surpasses $1 billion in funds under advice. Adam McRedmond is tasked with growing the firm both organically and through acquisition across New South Wales, Queensland ...

More pension funds, insurers impacted by MOVEit mass-hack

JAMIE WILLIAMSON | TUESDAY, 27 JUN 2023

Among other companies to confirm their involvement, a second US pension fund has notified members their personal information was stolen in the same breach impacting members of CalPERS. The California State Teachers Retirement System (CalSTRS) told members ...

Still work to be done on group insurance: ASIC

JAMIE WILLIAMSON | WEDNESDAY, 22 MAR 2023

... offerings, ASIC said it previously found many super funds using restrictive TPD definitions, like the 'activities of daily living' (ADL) definition. Of the 4% of claims assessed under ADL, more than half were rejected. The 2022 review found that, of ...

SCA slams five super funds' junk insurance

KARREN VERGARA | THURSDAY, 28 OCT 2021

... tests are difficult to pass and result in insurance that does not meet members' needs. This year, LUCRF Super dropped its ADL definition, saying that the test has come under scrutiny in recent times by both regulators, consumer groups and the wider ...

BNY Mellon partners with FRT

JAMIE WILLIAMSON | FRIDAY, 30 APR 2021

BNY Mellon clients will now benefit from the investment giant's use of Financial Recovery Technologies' securities class action recovery services. The two firms have entered a strategic alliance which will see BNY Mellon use FRT's suite of class action ...

Industry fund ups life insurance premiums

JAMIE WILLIAMSON | MONDAY, 1 MAR 2021

... reducing the number of definitions a member can be assessed under from five to four and dropping the activities of daily living (ADL) definition. The fund acknowledged that the ADL test has come under scrutiny in recent times by both regulators, consumer ...

Pension plan sued for expensive, active strategy

KARREN VERGARA | WEDNESDAY, 2 DEC 2020

US-based Fidelity Investments has been caught up in a class action that alleges a major pension plan exposed members to risky, expensive actively-managed investments instead of allocating to safer passive options. The complaint, filed against Coca-Cola ...

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR | WEDNESDAY, 29 JUL 2020

... likely to receive limited cover. That limited cover involves assessing claims against the limited Activities of Daily Living (ADL) definition," Mennen said. Mennen described insurance policies that use ADL as "abhorrent, substandard products". "It only ...

Research slams ADL definition

ELIZABETH MCARTHUR | MONDAY, 13 JUL 2020

... how difficult it is for people to claim total and permanent disability (TPD) insurance under the activities of daily living (ADL) definition. The research found the use of ADL definitions has declined somewhat, from the definitions being used in about ...

Bravura secures new mandate

ELIZA BAVIN | MONDAY, 6 APR 2020

Bravura Solutions has announced it has secured a new mandate for the use of its Garradin platform. Futurity Investment Group has chosen Garradin platform to support its new range of education bonds. Bravura said Futurity is a member-owned organisation ...

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BT appoints new head of strategy

KARREN VERGARA

A former Allianz Retire+ executive has joined BT as the new head of strategy.

ASX sees trade volumes soar in May

MATTHEW WAI

ASX saw a substantial growth in trade volumes last month, despite continued lackluster movement in IPOs.

Otivo launches AI-powered financial advice

MATTHEW WAI

Otivo has launched a mobile app for Australians to access licensed advice powered by AI.

Munro expands access to climate focused fund

VINNY VUCAGO

The Munro Global Growth Climate Leaders PIE Fund has been opened to retail investors in New Zealand.

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