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Showing 41 - 50 of 113 results for "Code of Practice"

New code should apply to all: ABA

HARRISON WORLEY  |  FRIDAY, 7 SEP 2018
The Australian Banking Association (ABA) believes the new Banking Code of Practice standards should be adopted across the entire industry, including banks that are not ABA members. According to the association, the standards between credit unions, buildings ...

FSC responds to direct life insurance findings

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... poor consumers outcomes. In response to the report ASIC handed down yesterday, the FSC said its Life Insurance Code of Practice has "lifted the bar" in the industry but concedes "there is still room for improvement." The FSC rolled out the code, along ...

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... years. Further, KPMG forecasts public trust will be an ongoing issue and additions to the 2017 Life Insurance Code of Practice will be made.

FSC aggregates insurance industry data

KANIKA SOOD  |  THURSDAY, 26 JUL 2018
... 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 to its Life Insurance ...

ABA appoints deputy chair

KANIKA SOOD  |  FRIDAY, 29 JUN 2018
... reform initiatives such as the Better Banking Reform Program, which included a complete rewrite of the Banking Code of Practice. There is no doubt his wise counsel and guidance will be missed by all ABA member banks," ABA said in a statement. Before ...

Default life insurance reforms ineffective: Research

KARREN VERGARA  |  WEDNESDAY, 13 JUN 2018
... Government can eliminate these via measures outlined by the Insurance in Superannuation Working Group Voluntary Code of Practice. "By adopting new measures on inactive accounts, the government will achieve two-thirds of its targeted cost savings for ...

ANZ adds to OnePath capability

HARRISON WORLEY  |  THURSDAY, 31 MAY 2018
... new tool will also ensure super funds and trustees meet their obligations under the Insurance in Superannuation Code of Practice with online access to performance data. Already in use with 26 funds, the tool was developed in response to trustee feedback ...

Industry stakeholders welcome PC report

JAMIE WILLIAMSON  |  WEDNESDAY, 30 MAY 2018
... Finally, law firm Maurice Blackburn also issued a statement in regards to the PC's scathing review of the Insurance Code of Practice. The report acknowledges the code as a step in the right direction, but one that ultimately falls short of what is needed ...

Productivity Commission addresses superannuation lottery

DARREN SNYDER  |  TUESDAY, 29 MAY 2018
... should be initiated within four years from the completion of this inquiry report, or earlier if the strengthened code of practice is not made enforceable within two years," the PC said. Figure 2. Problems in super Other key points Commissioner MacRae ...

Life insurance regulation needs government backing: Poll

KARREN VERGARA  |  WEDNESDAY, 2 MAY 2018
... 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 the code. About ...