Powered by MOMENTUM MEDIA
moneymanagement logo
 

INSURANCE

Financial planning

Suncorp has reported a 23.7% drop in group net profit after tax during the first half of 2021 despite higher cash earnings. ...

Financial planning

Financial advisers should not be unnecessarily entangled by the Government’s new insurance claims handling legislative framework just because they are taking on a new cli...

Life/Risk

Suncorp has denied the existence of entrenched problems with respect to its total and permanent disability insurance offering but has nonetheless initiated a comprehensiv...

Policy & Regulation

Financial advisers and authorised representatives looking to provide claims handling services for insurance products will be able to represent more than one Australian fi...

Life/Risk

Commonwealth Bank has announced its divestment of 37.5% equity interest in BoCommLife to MS&AD Insurance Group Holdings has been approved by the China Banking and Insuran...

Life/Risk

Westpac has announced it will sell its General Insurance and General Insurance Services to Allianz for $725 million and has entered into an exclusive 20-year distribution...

Life/Risk

In yet another sign of the challenging times confronting the life insurance industry in Australia, Hannover Life Re has announced it is exiting the direct group market to...

Life/Risk

St Andrew’s insurance is set to become an independent player in the Australian market after being sold by the Bank of Queensland to investment player, Farmcove Investment...

Life/Risk

A workplace communications issue has seen the abrupt departure of QBE chief executive, Pat Regan. ...

Life/Risk

Some members would see an increase in premiums with an average increase of 30% while others would have significant reductions....

Life/Risk

Fears of infection have seen a higher proportion of Australian high net worth investors seeking to buy life insurance cover, according to newly-released data....

Life/Risk

Fewer claims would need to be paid if insurers were to only pay medical bills of sick workers, according to Maurice Blackburn Lawyers. ...

Superannuation

Seven super funds have been classifying new members as ‘smokers’ by default and over 5,000 members will receive $3.6 million in compensation....

Life/Risk

The FSC has announced the extension of the frontline healthcare workers and total permanent disability claims initiatives until 1 January, 2021. ...

Financial planning

Despite much of the job market struggling due to the COVID-19 pandemic, financial and insurance services have seen a boost in openings in June. ...

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

2 weeks 5 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

3 weeks 5 days ago

So we are now underwriting criminal scams?...

6 months 3 weeks ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

3 weeks ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

3 weeks 4 days ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

6 days 15 hours ago