After seven natural catastrophes across Australia and NZ in 1H20 and three subsequent Australian events in January, Suncorp group CEO Steve Johnson has urged governments, communities and the industry to work together to tackle climate change effects.
AMP Ltd has reported a 46.6% slump in underlying FY19 profit on FY18, to $485m, which it said reflected a “challenging environment in Australian wealth management, offset by strong earnings in AMP Capital and resilient AMP Bank performance.
The QBE Insurance Group board has elected Mike Wilkins to succeed Marty Becker as group chair from March 1.
ASIC has found some super trustees’ member communications lacking about changes introduced through the Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019 (PYSP).
Financial Services Council (FSC) says it broadly supports APRA’s proposed changes to the insurance in super framework, including changes responding to the financial services royal commission’s recommendations.
Financial Services Council (FSC) has refuted consumer advocate Choice’s and its partner advocate Super Consumers Australia’s (SCA) super figures and their claim total and permanent disability (TPD) policies in super are nothing but junk, saying Choice’s figures are based on out-of-date 2016-17 data that ignore “significant” improvements after the Life Insurance Code of Practice came into force.
The House of Representatives Standing Committee on the Environment and Energy will start public hearings for its inquiry into vegetation and land management relating to bushfires.