Court finds OnePath did not breach duty of utmost good faith
The Federal Court has found that Zurich Australia did not breach its duty of utmost good faith when OnePath Life, the previous owner of Zurich’s life insurance business, avoided an income protection policy because the insured failed to disclose a prior history of hospitalisation for serious mental health issues.
December 21, 2023
First Nations financial groups launch scholarship program for women
First Nations Economics and First Nations Foundation have launched a $120,000 scholarship program to support women studying finance and business.
December 21, 2023
Finalists to the AMP ASTRUM quality award announced
AMP has announced the finalists for the 2023 ASTRUM quality award.
December 20, 2023
CEFC commits $75 million to first close of New Forests fund
Clean Energy Finance Corporation has invested $75 million in the forestry sector via specialist fund manager New Forests, targeting carbon abatement of one million tonnes over the next decade.
December 20, 2023
Northern Trust fined over greenwashing claims
Northern Trust Asset Management has paid $29,820 to ASIC over two infringement notices for greenwashing activities, an update from the corporate regulator has said.
December 19, 2023
ASIC changes first 2024 exam date
To accommodate implementation of changes announced for the adviser exam last week, ASIC has announced the date of the first 2024 adviser exam will be 24 March.
December 19, 2023
Mine Super and TWUSUPER unveil merged fund name
Industry funds Mine Super and TWUSUPER are on track to complete their merger by mid 2024, announcing that the new entity will be named Team Super.
December 19, 2023
Australian Unity appoints GM of its trustee business
Australian Unity has appointed Kirstin Follows as executive general manager of trustees, who has been acting in the role since July this year.
December 19, 2023
Link Group receives $1.2b takeover bid
Super fund administration service provider Link Group has received a $1.2 billion takeover bid from a subsidiary of Japanese giant, Mitsubishi UFJ Financial Group.
December 18, 2023
Zurich extends partnership with mental health charity Mr Perfect
Zurich Financial Services Australia has renewed its 12-month support for Australian mental health charity Mr Perfect.
December 18, 2023
ART CIO Ian Patrick joins FEAL board
The Fund Executives Association (FEAL) has appointed Australian Retirement Trust’s CIO Ian Patrick to its board of directors, replacing Hostplus’ recently departed group executive of member experience, Paul Watson.
December 15, 2023
