|Search Results||Showing 1 - 10 of 32 results for "Life Insurance Code of Practice"|
|... 600 trauma definitions in a bid to be more customer-centric as part of its commitment to the Life Insurance Code of Practice. The review, which commenced in 2018, assessed more than 25,000 trauma policies to ensure the most up-to-date and optimal ...|
|... rollout of new rules on genetic testing despite a delay. There had been plans to launch a new Life Insurance Code of Practice from July 1, but during the feedback period the Financial Services Council heard the code was not written in ...|
|... of practices Another key recommendation is that Financial Services Council should amend the Life Insurance Code of Practice to allow the code's governance committee to impose sanctions on members that breach it. The report also asks for ...|
|... period for the second iteration of its life code until 31 January 2019. The draft FSC Life Insurance Code of Practice was first released for consultation in November 2018 , proposing 30 changes that include banning aggressive selling ...|
|The Financial Services Council has released a new draft life insurance code of practice that makes 30 changes to the code in place since 2017. The second iteration of the code aims to lift the standards in product design, sales, underwriting ...|
|... chief executive Prue Willsford commends the steps the industry has taken to establish the Life Insurance Code of Practice. Willsford, who previously worked with the FSC and industry stakeholders to introduce fee disclosure in prospectuses ...|
|... Practice is sufficient to protect the interests of fund members. Further, they asked if the Life Insurance Code of Practice should be extended to update medical definitions be extended to products other than on-sale products. The Corporations ...|
|... shouldn't be placed in the same category as financial advisers. She said however the life insurance code of practice included provisions on how claims assessors should behave. Loane said if the code - which was introduced in 2016 - failed ...|
|... 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 ...|
|... played a more prominent role, increasing from 23% to 30% of gross policy revenue in the last five years. Further, KPMG forecasts public trust will be an ongoing issue and additions to the 2017 Life Insurance Code of Practice will be made.|
The Financial Services Council has welcomed a new board director. BT Financial Group general manager of platforms, investments and operations Kathy Vincent has joined the industry body's board.
The $50 billion industry super fund will take full ownership of the largest wind farm in Western Australia as it moves to boost its infrastructure portfolio.
A global manager has appointed a new head for Australian equities as the incumbent moves to a different role.
An $11 billion superannuation fund amended its constitution to increase the influence of independent voices on its board following an APRA probe.
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