Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1021 - 1030 of 2425 results for "Claims"

Lapse rates review anxiety unfounded: ASIC

KARREN VERGARA  |  MONDAY, 27 NOV 2017
... life insurers, the lack of common definitions across the industry is making it difficult for the regulators to investigate claims payout ratios and is setting back attempts to standardise definitions.

Mercer assists super fund members experiencing domestic violence

JAMIE WILLIAMSON  |  FRIDAY, 24 NOV 2017
... November. In the past two years Mercer Australia has received more than 6000 calls from customers seeking financial hardship claims. This has led Mercer to provide staff with education and training in supporting vulnerable customers, ultimately developing ...

ASIC recoups $40m from NAB and ANZ

ALEX BURKE  |  TUESDAY, 21 NOV 2017
... were priced or valued off BBSW." NAB chief risk officer David Gall said at the time that NAB [does] not agree with ASIC's claims which means they will now be settled by a court process." "As part of ASIC's investigation NAB has provided emails, instant ...

Financial literacy the bridge for income protection gap

JAMIE WILLIAMSON  |  FRIDAY, 17 NOV 2017
... of what their state benefit entitlements are, let alone how these would affect their potential private income protection claims," the report said. Further, income protection insurance has a number of close 'cousins' such as other types of life insurance ...

Life insurer definitions clashing: Regulators

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
The lack of common definitions among life insurers is making it difficult for regulators to investigate claims payout ratios and is setting back attempts to standardise definitions across the industry. The joint project between APRA and ASIC, which ...

Westpac to welcome new chief risk officer

JAMIE WILLIAMSON  |  MONDAY, 13 NOV 2017
... superannuation disclosures. This resulted in payments to some customers with pre-existing conditions having their insurance claims denied prior to Westpac improving its disclosure practices. It is also refunding customers that were entitled to product ...

Wealth, insurance arms hit banks' earnings

KARREN VERGARA  |  TUESDAY, 7 NOV 2017
... under advice and average assets under management meanwhile, grew strongly but margins were negatively impacted by higher claims experience and in-force premiums. Overall, the major banks earned a total of $31.5 billion in cash profit, up 6.4% on the ...

Westpac Group results solid despite challenges

JAMIE WILLIAMSON  |  MONDAY, 6 NOV 2017
... superannuation disclosures. This resulted in payments to some customers with pre-existing conditions having their insurance claims denied prior to Westpac improving its disclosure practices. It is also refunding customers that were entitled to product ...

SMSF balance gap to close: Report

KARREN VERGARA  |  THURSDAY, 2 NOV 2017
... shares, unlisted trusts, non-residential real property and limited recourse borrowing arrangements, the report said. Despite claims that SMSFs are underweight in international assets, the research shows otherwise, with international shares comprising ...

S&P hit with historic court decision

ALEX BURKE  |  TUESDAY, 31 OCT 2017
... significant for these investors and other investors in structured products rated by S&P, who may now have further time to bring claims on losses suffered prior to or during the global financial crisis." "The outcome of these cases, in particular the ...