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Search ResultsShowing 1 - 10 of 100+ results for "Life insurance"
COVID-19 deepens life insurer losses
KANIKA SOOD  |  FRIDAY, 29 MAY 2020
... significant hit from the previous year's profits of $759 million, according to APRA statistics for March quarter. The life insurance industry had $185.3 billion in total assets at March end after falling 20.1% in 12 months. The revenue drop in the year ...
Super advocate takes FSC to task over TPD tests
HARRISON WORLEY  |  THURSDAY, 21 MAY 2020
Super Consumers Australia has called on Australia's life insurance industry to eradicate "junk terms" from total and permanent disability insurance, after the Financial Services Council committed to ensuring TPD cover wouldn't be impacted if ...
ASIC bans RC case study adviser
HARRISON WORLEY  |  TUESDAY, 12 MAY 2020
... regulator said Davies failed to look into his clients' financial objectives and personal needs when providing life insurance advice. He also failed to consider whether switching a product was in the best interest of his clients, and whether they could ...
AMP NZ wealth divestment off
ALLY SELBY  |  FRIDAY, 8 MAY 2020
... time, AMP said it was still on track to divest from its New Zealand wealth management business, as well as its life insurance business AMP Life.
Frontline worker death nominations spike
ELIZA BAVIN  |  THURSDAY, 7 MAY 2020
... chief executive of Catholic Super and Equipsuper has shared new data revealing a sharp increase in enquiries on life insurance and updates to death nominations for essential workers. Scott Cameron said the five offerings over which he serves as trustee ...
Insurtech investments down 54% in March quarter
KANIKA SOOD  |  THURSDAY, 7 MAY 2020
Life insurance startups saw their share of total and early-stage funding to insurtechs shrink, as total investment in the sector dropped in the March quarter. Insurtechs attracted US$912 million in the first quarter across the globe but the deal activity ...
Platform cancels top 50 funds list
ELIZABETH MCARTHUR  |  TUESDAY, 5 MAY 2020
... objective criteria, lack of independence of research teams and associated governance," FCA director of supervision - life insurance and financial advice Debbie Gupta wrote. "Processes for clear selection, monitoring and deselection of funds on lists ...
Westpac to review business units
JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2020
... he said. These include wealth platforms, superannuation and retirement products, investments, and general and life insurance and auto finance, he added. It will also include Westpac Pacific. Commenting on Yetton's appointment, King described him ...
COVID-19 drives Aussies to check exemptions
HARRISON WORLEY  |  THURSDAY, 30 APR 2020
... Economic has heard. Appearing before the House of Representatives Standing Committee on Economics hearing into the life insurance sector, ClearView managing director Simon Swanson responded to a series of questions levelled by Labor MP Andrew Leigh about ...
Former Spectrum Wealth, NAB advisers banned
ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... SMSF and provide them with statements of advice. "In one instance, Myers advised her client to roll over existing life insurance to the newly established SMSF," ASIC said. "As a result, the client lost life insurance cover and subsequently the client's ...
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