The latest issue of Financial Standard now available as an e-newspaper
| | MONDAY, 21 JUN 2021 12:17PMCommonwealth Bank has announced the sale of CommInsure General Insurance to the Hollard Group after divesting CommInsure Life and BoCommLife.|
|Despite the spate of superannuation funds increasing the cost of cover, new Rainmaker analysis shows group insurance premiums fell by 7% to a four-year low of $8.7 billion.|
|BT's LifeCENTRAL+ can now produce quotes for financial advisers wanting to alter life insurance policies for clients in less than 10 minutes.|
|The $31 billion government fund has informed members that their life insurance premiums will be increasing.|
|The Actuaries Institute has released sweeping recommendations to help fix the individual disability income insurance (IDII) sector that is currently at "risk of failure".|
|Life insurers offering rehabilitation services of policyholders has its demerits, says Super Consumers Australia director Xavier O'Halloran.|
|Mutual life insurer PPS Mutual has launched a timesaving underwriting offer for existing members to add cover to their policy.|
|APRA has given life insurers another year to have the policy contract term measure for individual disability income insurance (IDII) in full force by 1 October 2022.|
|The former chief executive of TAL has slammed life insurers' ineptitude in managing disability income products, invoking the industry to come together and find a solution by the end of the year.|
|AIA Australia has joined forces with a digital estate planning and asset protection service Your Wills.|
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Franklin Templeton Investments is winding up its retail Australian Equity Fund, as asset growth lags.
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Financial advisers' appetite for exchange-traded funds has more than doubled since the global pandemic hit as new trading data shows that index funds are providing better means of diversification.
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The Association of Financial Advisers has slammed the Labor Party's attack on financial advisers, which paints the profession as dodgy and continues to rip-off consumers.
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The industry superannuation fund has hired from Australian Catholic Superannuation and Retirement Fund as it continues its hiring spree for the internal investment team.
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