|MetLife has won a group insurance mandate from an $8.8 billion superannuation fund.|
|TAL has refuted claims made by the Royal Commission that it systemically breached its duty of utmost good faith to policyholders when investigating claims.|
|AMP has defended its practice of charging premiums to dead life insurance customers in a submission to the financial services Royal Commission.|
|The chief executive of Freedom Insurance Group has left the company effective immediately and more than half of its workforce is being made redundant.|
|Round six of the Royal Commission exposed systemic issues across the life insurance value chain and its fledgling code of practice that's yet been powerless to stop unethical behaviour. But industry experts say all hope is not lost.|
|Latest research from Zurich is helping financial advisers quantify the cost of healthcare when providing insurance advice.|
|Class action proceedings have been filed against NAB and MLC for the sale of worthless consumer credit insurance.|
|Numerous policy questions that arose from the life insurance round of the Royal Commission could shake up the direct life insurance segment and potentially ban conflicted remuneration in risk products.|
|In closing the sixth round of the Royal Commission, counsel assisting found that CommInsure, TAL and Rest may have engaged in conduct that fell below community standards after hearing "troubling" evidence from various case studies.|
|A $52 billion industry superannuation fund admitted to inadvertently breaching the Superannuation Industry (Supervision) Act (SIS Act) in a breach report filed with ASIC on the penultimate day of the Royal Commission's sixth round of hearings.|
The executive manager of operations at a $17 billion industry superannuation fund resigned recently, with a replacement yet to be appointed.
Clime Investment Management has partnered with Sequoia to launch a new fund that aims to provide a yearly income of 8%.
A three-day trial has been scheduled for the landmark case brought against Rest by member Mark McVeigh.
A retail superannuation fund has dropped the investment fees on three options by 10 bps to 19 bps, with its chair saying the cuts will help it be more competitive.
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