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Showing 1 - 10 of 10 results for "Westpac Life Insurance Services"

Federal Court approves BT Super $30m settlement

KARREN VERGARA  |  TUESDAY, 12 DEC 2023
... million class action settlement against Westpac after subsidiaries BT Funds Management (BTFM) and Westpac Life Insurance Services (WLIS) allegedly failed to manage conflicts of interest when investing BT Super member money in a cash option. Last week ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... of Australia against BT Funds Management (BTFM), Westpac Securities Administration (WSAL) and Westpac Life Insurance Services (TAL Life Insurance Services) (WLIS), a former Group subsidiary. Superannuation fund members alleged that between October 2017 ...

Westpac settles BT Super class action

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
... settlement in a class action relating to the bank's subsidiaries, BT Funds Management Limited and Westpac Life Insurance Services Limited. Tens of thousands of Australians may receive compensation following the settlement, which is subject to court ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... the review are AIA Australia, TAL, Zurich Australia, MLC Life, Resolution Life Australasia, and Westpac Life Insurance Services. Individual disability income insurance cover is obtained through direct or advised channels where each life insured is individually ...

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 ...

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 ...

Westpac faces class action over life insurance

KARREN VERGARA  |  MONDAY, 16 OCT 2017
... financial planners. Shine Lawyers filed the class action against the bank and its subsidiary, Westpac Life Insurance Services, on behalf of customers and superannuation funds that were recommended life insurance policies by St George Bank, Bank of Melbourne ...

Westpac chair joins boutique manager board

KARREN VERGARA  |  MONDAY, 18 SEP 2017
... director of IOOF Holdings and non-profit organisation CARE Australia. He is also the chair of Westpac Life Insurance Services, St George Life, Westpac General Insurance and Westpac Lenders Mortgage Insurance Services. Griffiths' 30 year of financial ...

Former Westpac adviser banned

JAMIE WILLIAMSON  |  TUESDAY, 27 SEP 2016
... clients' health or health-risk factors in telephone applications for insurance policies issued by Westpac Life Insurance Services (WLIS). As a result, WILS issued policies to clients based on false information, assuming greater risks without having an ...

BT Financial expands into insurance

ELISE BURGESS  |  MONDAY, 14 FEB 2011
... fee-for-service. Putting the adviser in the driver's seat for negotiations with their clients." Westpac Life Insurance Services is underwriter for the product, with the new product solution being a full retail offering and will be available through WRAP ...
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