Insurers held to account with new FSC codeBY ALEX BURKE | MONDAY, 3 JUL 2017 1:07PM
The Financial Services Council rolled out its Life Insurance Code of Practice, along with a new set of standardised medical definitions, on July 1.Read more: FSC, Life Insurance Code of Practice, Financial Services Council, Actuaries Institute, Alexandra Kelly, Australian Law Reform Commission, David Goodsall, David Weisbrot, Financial Rights Legal Centre, Life Code Compliance Committee, Sally Loane
Moelis Australia has promoted two managing directors to joint chief executives as it announces plans to acquire a local non-bank lender, eyeing a bigger slice of the $1.8 trillion Australian residential mortgage market.
OneVue has made a provision to write down its Sargon receivable by $26 million to just $3.9 million, dragging its first half bottom line to $27 million in losses after tax.
The director of a 'one-stop-shop' for SMSFs has pleaded guilty to 17 counts of aggravated deception and one count of dishonest dealings with documents.
The multi-asset manager has warned of the effects of climate change on investor's portfolios, urging them to assess a company's "carbon footpath" over eliminating polluters altogether.
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