Westpac sells General Insurance business to Allianz and enters 20 year distribution agreement

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Westpac Group has announced it will sell Westpac General Insurance Limited and Westpac General Insurance Services Limited to Allianz and enter into an exclusive 20- year agreement for the distribution... Read more continue reading

AMP appoints David Atkin as AMP Capital Deputy CEO

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AMP has announced the appointment of David Atkin as Deputy Chief Executive Officer (CEO) of AMP Capital, effective 7 December 2020. Mr Atkin, previously the CEO of Cbus Super for... Read more continue reading

TAL Health Sense Plus program encourages customers to embrace preventative health

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Leading Australian life insurer, TAL, has reported encouraging results from the first full year of its Health Sense Plus program, which educates and incentivises customers to engage with their own... Read more continue reading

New appointment expands Corporate Trust and Securitisation team

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Australia’s leading trustee company Equity Trustees has announced its latest appointment to the growing Corporate Trust and Securitisation team: Pei Cai Pan will be based in Sydney as a Manager... Read more continue reading

FPA makes additional appointment to its Board  

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The Financial Planning Association of Australia (FPA) has announced the appointment of Diana D’Ambra to the Board as an additional director, and Chair of the Board Audit and Risk Committee, as... Read more continue reading

Alphinity Sustainable Share Fund added to the FirstChoice platform 

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Alphinity Investment Management’s Sustainable Share Fund has been added to the FirstChoice platform. The Alphinity Sustainable Share Fund is rated Highly Recommended by Lonsec and Recommended by Zenith. It invests... Read more continue reading

MLC Core Investment List reaches $1billion FUM milestone

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Monday 30 November, 2020 MLC Wealth’s (MLC) Core Investment List has reached $1billion FUM since launching in April 2020[1] . MLC Wealth Group Executive, Retirement and Investment Solutions, Tim Steele,... Read more continue reading

Actuaries Institute says better measures needed to understand insurance affordability

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Households in up to 12% of Australian postcodes may face pressure meeting annual home insurance premiums, a figure which represents around 7% of Australia’s population, according to a major research... Read more continue reading

Demand for LICs and LITs holds steady

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The market capitalisation of the almost 100-year-old Listed Investment Company (LIC) and Listed Investment Trust (LIT) sector remained steady at the end of October when compared with a year ago. Angus Gluskie,... Read more continue reading

ASIC issues information sheet on managing conduct risk during LIBOR transition

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ASIC has published Information Sheet 252: Managing conduct risk during LIBOR transition (INFO 252) on practical guidance that Australian entities can adopt to manage conduct risk during the London Interbank Offered... Read more continue reading