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Showing 1 - 10 of 17 results for "Westpac Life"

Westpac sells life insurance unit

KARREN VERGARA  |  MONDAY, 9 AUG 2021
... transaction will provide exciting opportunities for our people and, on completion, we also look forward to welcoming the Westpac Life team to TAL." Westpac group executive specialist businesses and group strategy Jason Yetton said: "This transaction ...

Westpac profit climbs, executive leaves

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... Finance, Westpac Pacific, General Insurance and Lenders Mortgage Insurance. The remaining businesses to be sold include Westpac Life Insurance, Auto Finance and its superannuation, platforms and investments divisions (including BT). "We are strengthening ...

Westpac settles life insurance class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
... Advice were sold needlessly expensive life insurance. According to Shine's case, these consumers who were advised into Westpac Life policies were charged higher premiums for life insurance than people who obtained identical insurance through independent ...

ANZ flags earnings hit

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
... financing failures it owes in penalties and AUSTRAC's legal costs It also wrote down goodwill and intangibles for Westpac Life Insurance Service, auto finance business and software at $568 million after tax. NAB also increased its provisions for ...

Westpac hit with $1.2bn of losses

KARREN VERGARA  |  MONDAY, 26 OCT 2020
... massive loss ahead of releasing its full year 2020 results on November 2. Goodwill and intangibles associated with Westpac Life Insurance Service, auto finance business and software write downs totalled $568 million after tax. Westpac increased its liabilities ...

BT un-aligns group insurance, awards mandate

ELIZABETH MCARTHUR  |  WEDNESDAY, 8 JUL 2020
Westpac's BT super has awarded a group insurance mandate, switching members away from Westpac Life Insurance Services. AIA Australia has been appointed as the new group insurer, with the change coming into effect from 1 July 2020. The change will impact ...

Latest data reveals super admin problem

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... issues with 1.4%. In terms of life insurers, TAL received the most complaints, followed by AMP Life, OnePath Life and Westpac Life. Data also revealed the nation's largest fund AustralianSuper received the most complaints at 262. About 122 of those were ...

BT faces fees for no service class action

ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
Westpac confirmed it has received a class action filed against BT Funds Management and Westpac Life Insurance Services in relation to BT's Super for Life cash investment option. Slater & Gordon filed the action on behalf of Tracey Ghee. Westpac ...

CommInsure misled FOS: Royal Commission

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... years. Suncorp received $3.9 million in premiums for selling 1838 policies - 40% of the 10 claims made were denied. Westpac Life no longer offers accidental death policies. Of the 2178 policies sold during the period, premiums mounted to $103.6 million ...

BTFG names insurers on expanded APL

KARREN VERGARA  |  FRIDAY, 23 FEB 2018
... the current APL. AIA Australia and TAL products will be available alongside BT Protection Plans, underwritten by Westpac Life from 19 March 2018. BTFG said the new partnership will include a training and education program for its advisers, including ...
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