ALI Group partners with retail life insurer
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The mortgage protection provider has partnered with Zurich Financial Services Australia to underwrite its life insurance product, My Protection Plan.
ALI Group has announced that it has entered into a long-term partnership with Zurich Financial Services Australia, with Zurich as the new underwriter of the loan protection provider’s life insurance product, My Protection Plan.
According to ALI Group, the partnership would improve its product offerings to mortgage brokers and their clients.
Commenting on the partnership, ALI Group CEO Huy Truong said: “Zurich worked closely with our team to improve a number of key areas of our product proposition including having more serious illnesses covered and removing some key exclusions.
KPMG partner departs for strategy firm
May 31, 2021 – 2.48pm
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Jane Cohen, 47, will return to
Bain, as a partner, from June. She will focus on the firm’s consumer strategy practice. Her most recent role was as a partner at
KPMG, where she spent two years as part of the firm’s global strategy group. She has also held senior roles at
Australia Post and
Pacific Brands. Prior to this she spent 12 years at Bain, where she rose to the position of principal. She is based in Melbourne.
Tim Goodhew, 33, has joined
Deloitte as a partner. Previously, he spent more than 11 years at
Mortgage Business
Suncorp sells wealth arm for $45 million By Annie Kane 29 April 2021
The financial services group has announced that it is selling its wealth business for $45 million as it moves to simplify its offering.
Suncorp has confirmed that it has entered into an agreement for the sale of its Australian wealth business, Suncorp Portfolio Services Ltd (SPSL), to LGIAsuper.
The agreement, which is dependent on regulatory approvals, is for a total consideration of $45 million (subject to standard completion adjustments). This includes a fixed amount of $26.6 million, plus regulatory capital.
Suncorp has said that it will enter into an agreement with LGIAsuper to distribute Suncorp superannuation products to Suncorp customers for 18 months after completion of the sale.
New Report Reveals That Australian Financial Websites Are Falling Behind In Industry & Accessibility Compliance
8:00 AM
SYDNEY, April 21, 2021 /PRNewswire/ – Monsido, a leading web governance provider, has released a report analysing the websites of the 50 Top Finance Organisations in Australia for their performance in Web Accessibility, Content Quality, Industry Policy Compliance, Response Time, and SEO.
St. George Bank;
Macquarie Group; and
Zurich Financial Services Australia were listed as the Top 5 Websites Overall. The Top 3 of each category are detailed in the report.
It is worth noting that in the Industry Policy Compliance category, Monsido found that the average Industry Policy Compliance Score was only 46.22%. Monsido scanned all 50 finance organisations to measure their compliance to common business policies and finance industry standards. For example, Monsido implemented policies to ‘Find all missing financial services guide links’ and ‘Find all pages mi