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Showing 31 - 40 of 64 results for "Life Insurance Code"

FSC aggregates insurance industry data

KANIKA SOOD  |  THURSDAY, 26 JUL 2018
... thanked the chief executives of insurance groups that are also members of the FSC. Superannuation funds added to Life Insurance Code of Practice The FSC has also added the Insurance in Superannuation Voluntary Code of Practice as a stand-alone chapter ...

Life insurance regulation needs government backing: Poll

KARREN VERGARA  |  WEDNESDAY, 2 MAY 2018
... survey conducted by DST Systems, a large number of respondents (85%) want to engage with ASIC to strengthen the Life Insurance Code of Practice. About half (47%) said the industry should start working with the regulator now to improve provisions within ...

Lawyers slam life insurers in Royal Commission

KARREN VERGARA  |  FRIDAY, 6 APR 2018
... Blackburn Lawyers' submission to the banking Royal Commission. There have been more than 700 breaches of the Life Insurance Code of Practice in the short time it took effect on 1 July 2017, Maurice Blackburn principal Josh Mennen said. The law firm detailed ...

PJC doubts life insurance industry can self-regulate

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
... definitions, customer communication timeframes and mental health - are either already included in the FSC Life Insurance Code of Practice or will be adopted in the second iteration. ASFA chief executive Martin Fahy also said many of the PJC's recommendations ...

FSC honours life insurance industry talent

KARREN VERGARA  |  WEDNESDAY, 21 MAR 2018
... executive Sally Loane said: "Following significant change last year that saw the introduction of the first FSC Life Insurance Code of Practice, the life insurance industry continues to progress a strong consumer reform agenda in 2018." The awards recognise ...

ANZ adopts life insurance code

KARREN VERGARA  |  TUESDAY, 20 FEB 2018
ANZ will be the first bank-owned retail superannuation fund to adopt the voluntary Insurance in Super Code of Practice. ANZ's Smart Choice Super, OnePath MasterFund, Retirement Portfolio Service and Oasis Superannuation MasterTrust will be covered by ...

FSC and FOS appoint former ASX chief risk officer

ALEX BURKE  |  TUESDAY, 30 JAN 2018
... Financial Ombudsman Service named the chair of the committee tasked with overseeing the implementation of the Life Insurance Code of Practice. Anne Brown joins the Life Code Compliance Committee (LCCC) while also serving as a member of ASIC's markets ...

FSC finalises life insurance APL guidelines

ALEX BURKE  |  FRIDAY, 22 DEC 2017
... as claims payout ratios, pricing, and corporate strength)." The APL standard follows the FSC releasing its Life Insurance Code of Practice, along with a new set of standardised medical definitions, in July. The new definitions for cancer, heart attack ...

Industry split on life insurance cover: Poll

KARREN VERGARA  |  MONDAY, 18 DEC 2017
... code, which operates alongside existing laws and regulations, as well as the Financial Services Council's Life Insurance Code of Practice, will come into effect on 1 July 2018. The code supports preventing account balances from unnecessary erosion by ...

Super life code released

KARREN VERGARA  |  MONDAY, 18 DEC 2017
... The Insurance in Superannuation Working Group is urging superannuation trustees to sign up to its voluntary life insurance code of practice, which will come into effect 1 July 2018. To eschew account balance erosion, super trustees under the code will ...