The latest issue of Financial Standard now available as an e-newspaper
|New data from APRA and ASIC shows 81% of adviser-led TPD claims were admitted in 2020, down from 87% two years ago.|
|Honan has announced it will enter the reinsurance market through the launch of Honan Re.|
|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.|
Natixis Investment Managers hired an institutional sales director who spent nearly a decade at First Sentier Investors.
The newly merged LGIAsuper and Energy Super have scrapped a weekly administration fee and will retain an annual fee as a result of scale benefits.
Fidelity International launched a climate investing policy with a rating scheme in a bid to halve its carbon emissions by 2030.
The House of Representatives Standing Committee on Tax and Revenue has recommended that the Australian Tax Office develop a Bill of Rights' for taxpayers.
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