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Showing 91 - 100 of 334 results for "Cancelled"

iExtend adds lead alliances role

JAMIE WILLIAMSON  |  MONDAY, 12 SEP 2022
... partial interest in the original policy and eliminate future premium payments on the co-owned policy that may have been cancelled. "We take a collaborative approach with our offer and work with all the stakeholders in a life insurance policy, including ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... to the same issues, and failed to comply with Prudential Standard SPS 231 Outsourcing. Tidswell's RSE licence was cancelled in June 2021. ASIC first launched its action against Tidswell, MobiSuper and ZIB in November 2019. The action also involved ...

Adviser banned over early release scheme

JAMIE WILLIAMSON  |  WEDNESDAY, 3 AUG 2022
... contravene a financial services law in the future," ASIC said. In addition, the AFSL of his business Simeone Pty Ltd was also cancelled. He had held the licence since 1986. Simeone was actually handed the ban and AFSL cancellation by ASIC earlier this ...

APRA to improve strategic planning, member outcomes rules

JAMIE WILLIAMSON  |  MONDAY, 1 AUG 2022
... outcomes are assessed, closer monitoring of financial resources and new rules to follow when a MySuper authorisation is cancelled. Prudential Standard SPS 515 Strategic Planning and Member Outcomes (SPS 515) came into effect in January 2020, requiring ...

FICAP is back on in 2022

CASSANDRA BALDINI  |  FRIDAY, 22 JUL 2022
... raised over $2.2 million for various charities. More than $150,000 of this was donated in 2020 despite the event being cancelled, with all 41 sponsors honouring their commitments. "We are extremely excited to announce the return and have been asked by ...

Startup launches risk retention option

KARREN VERGARA  |  TUESDAY, 15 MAR 2022
... co-owning a life policy, customers eliminate future premium payments from the percentage of the policy that was to be cancelled, providing a greater portion of any eventual claim for the policyholder's family, as well as greater financial certainty ...

MLC to face court over insurance failures

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
... notify at least 815 customers that their annual premiums had increased, were overdue, or that their policies had been cancelled or lapsed - about 376 were charged premiums despite having not received a renewal notice. This was apparently the result of ...

ASIC cancels AFSL of Future Asset Management

ELIZABETH MCARTHUR  |  FRIDAY, 12 NOV 2021
The regulator has stripped Future Asset Management International of its licence to operate. ASIC cancelled the firm's Australian financial services licence because it is in liquidation. Future AM International is the responsible entity for Future Asset ...

ASIC sues former Freedom Insurance staff

KARREN VERGARA  |  MONDAY, 25 OCT 2021
... which is now in liquidation. In one instance, the firm sold life insurance to an intellectually disabled man and only cancelled the policy after several instances of correspondence with his family. ASIC said Cohen was knowingly concerned in, or party ...

ASIC bans adviser, cancels AFSL

ANNABELLE DICKSON  |  TUESDAY, 28 SEP 2021
... corporate regulator banned a Gold Coast-based financial adviser from providing financial services for four years and cancelled the associated AFSL for failure to comply with its general obligations. ASIC found that Frederick Steven Ackerman failed to ...