The latest issue of Financial Standard now available as an e-newspaper
|A retail superannuation fund has reappointed OnePath as its insurer, and is trimming premiums by about 20%.|
|Insurance premiums have risen by up to 21% for members of an industry superannuation fund.|
|MLC Life continues to grow its group life insurance business, taking home a new mandate.|
|Premiums on income protection can be up to 214% higher if a member is defaulted into a shorter waiting period, research presented at the Challenger Financial Standard Technical Services Forum shows.|
|Life insurer TAL is set to launch a new specialised product which it says is the first of its kind in Australia.|
|TAL has shuffled its executive lineup, creating new roles as part of a wider realignment of the business that sees responsibility for its life insurance business split in two.|
|An industry superannuation fund has swapped out Hannover Life as its provider for income protection cover, amid an overhaul of its insurance offering.|
|A new report from the Productivity Commission estimates mental ill-health and suicide is costing Australia up to $180 billion a year, or almost $500 million a day.|
|Commonwealth Bank has completed the divestment of its life insurance business to AIA Australia, which includes a 25-year joint co-operation agreement.|
|OnePath Life has launched 10-year premium projections on alteration quotes in a bid to provide greater clarity for financial advisers and their clients.|
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A former financial adviser and licensee director has been sentenced to six years' imprisonment for misappropriating close to $2 million for his own use.
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Pinnacle Investment Management's 16 affiliates tallied up only $3 billion in net inflows in FY20 as institutional allocators deferred mandate decisions in COVID-19 but the firm managed to grow NPAT by 5.6% to $32.2 million.
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ASX-listed trading platform SelfWealth has renewed its clearing, settlement and execution (CS&E) mandate with retail broker OpenMarkets, in a move that it says demonstrates the two fintech's shared objective of disrupting the status quo.
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The self-managed super fund administration and software provider has appointed two new technology leads, set to help Class continue to grow and innovate.
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