MS sufferer fights CommInsure definitionBY ELIZABETH MCARTHUR | FRIDAY, 11 SEP 2020 12:46PM A woman who has multiple sclerosis (MS) is fighting to have CommInsure recognise her condition, calling into question the various definitions life insurers use. Related News |
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FAAA says super trustees should stump up for CSLR
|The Financial Advice Association Australia (FAAA) has called on Treasury to cut the Compensation Scheme of Last Resort (CSLR) special levy on the advice sector to zero and for superannuation trustees to stump up for the scheme.
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|The Life Code Compliance Committee has published its FY26 annual report, which saw over 10,600 breaches by insurers with close to 30,000 customers affected.
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I f this doesn't make a mockery of the govt canning policies if a premuim is not being paid i dont know what does! People might keep old policies going in old superfunds because of changes in their health along lifes road. So much for the inabillity of politicians to understand what goes on in life with their insulated high income existence, most of them have completlly lost the touch of the common people. IT IS A STUPID RULE . i KNOW SEVERAL PEOPLE WHO HAVE LIFE COVER IN OLD SUPER FUNDS STILL RUNNING JUST TO KEEP THE LIFE COVER . I KNOW OF ONE CASEWHERE A HEART PROBLEM WAS BECOMMING A REALLITY AND NOW THE LIFE COVER IN THE OLD POLICY NO LONGER EXISTS! If an adviser had made that suggestion a year or two ago the court would have put him in the ground.