The latest issue of Financial Standard now available as an e-newspaper
|A retail superannuation fund will increase premiums on income protection policies from 2021.|
|ASIC has published a new report, aiming to determine whether consumers are receiving value for money in default insurance in superannuation.|
|Commonwealth Bank of Australia (CBA) has made progress on exiting life insurance after the China Banking and Insurance Regulatory Commission approved the sale of its stake in BoCommLife.|
|Mutual life insurer PPS Mutual has removed several assessments to its medical and financial underwriting requirements to speed up the application process and benefit members.|
|An ASIC investigation found group insurance cover is poorly designed and disclosed to members who are being defaulted into occupational categories with limited data.|
|More than 10 superannuation funds could soon be looking for a new group life insurer, as Hannover Re reverses out of the segment to focus on reinsurance.|
|The corporate regulator has released more information to help life insurers and financial advisers adapt to new regulation when handling insurance claims.|
|The life insurance industry has continued to take a hit to profit, with risk products reporting significant losses.|
|ClearView Wealth has adopted Munich Re's digital platform to streamline the underwriting process and manage compliance obligations.|
|The life insurer is at the centre of a campaign against its investment in coal companies despite positioning itself as an organisation with a focus on sustainability.|
Australian Ethical introduced a new high conviction fund to wholesale clients, investing in a range of sectors including local healthcare, renewables and technology stocks within the S&P ASX 300.
The super industry is calling for mandated consistency on portfolio holdings disclosure after it was recommended the Future Fund be exempt from disclosing commercially sensitive information.
Capstone Financial Planning has revoked the authorisation of Mark Babbage, the Victorian financial adviser jailed for breaching Western Australia's strict border restrictions to attend the AFL Grand Final.
Ellerston Capital will terminate the Morphic Global Opportunities Fund later this month as a result of dwindling funds under management.
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