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|The prudential regulator has commenced industry consultation on revisions to the prudential standards for life insurers to protect life insurance policy holders against the use of offshore reinsurers.|
|ASIC says it has only received 15 applications for insurance claims handling and settling licences, with some so sloppy they will have to be resubmitted.|
|ASIC is taking Westpac to the Federal Court, alleging it sold junk credit insurance to 384 customers that did not want it and whose accounts were unlawfully debited to pay for the premiums.|
|Risk premium inflows experienced marginal decreases in the 12 months to December 2020 as the gap in consumer satisfaction grows, new research shows.|
|MetLife has made a range of product changes, attempting to address concerns about rising premiums.|
|The Association of Financial Advisers has announced the winner of its 2020 Life Company of the Year award, going to the same insurer four years in a row.|
|The Federal Court yesterday made orders in ASIC's December 2019 case against TAL, which stems from a Royal Commission case study.|
|Allianz Australia has been ordered to rectify its past weaknesses in its risk culture, risk governance and risk management, which APRA told the court was persistent and serious.|
|The prudential regulator has lambasted the group insurance sector for several practices it deems disagreeable, casting doubt over the future viability of insurance provided via superannuation.|
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While the events of 2020 showed superannuation funds manage liquidity well, funds should consider the extent to which they rely on certain asset classes for liquidity, the Reserve Bank of Australia (RBA) has said.
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Challenger's multi-boutique business will distribute the $54 billion Impax Asset Management's sustainability strategies in Australia and New Zealand.
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Nearly 20 years after ETFs started trading in Australia, their total assets crossed $102 billion at the end of March.
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A new report finds that it is possible for financial advisers to attract young clients and convince them about the benefits of advice and life insurance using new strategies.
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