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Showing 91 - 100 of 2182 results for "Claims"

SEC charges duo over church-based fraud

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... by the US regulator for running a $30 million Ponzi scheme in which they targeted churchgoers, gaining their trust with claims their wealth and success was due to divine intervention. According to the SEC, between June 2018 to May 2020, Brett M. Bartlett ...

Future Super accused of greenwashing via Facebook post

JAMIE WILLIAMSON  |  TUESDAY, 2 MAY 2023
... the market, disclosure documents, marketing material and on social media. Industry using social media to promote green claims are not immune from ASIC action. "We expect the industry to be able to stand by their sustainability statements and back these ...

High Court rejects Mayfair 101 plea

JAMIE WILLIAMSON  |  MONDAY, 24 APR 2023
... to commence December 4 in the defamation proceedings brought by Mawhinney against ASIC and deputy chair Sarah Court. He claims ASIC has blamed him for $211 million in losses when no loss occurred prior to ASIC acting against the group. In February, the ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... five chance of receiving an insurance benefit through group super coverage. In 2021, over 10,000 death benefit insurance claims totalling $1.4 billion were paid, and more than 19,000 income protection claims were paid. Also, around 16,000 TPD benefit ...

TAL, AIA dominate group life market

ANDREW MCKEAN  |  WEDNESDAY, 19 APR 2023
According to the latest data on life insurance claims and disputes from APRA and ASIC, TAL is the largest player in the group insurance sector in Australia. TAL leads the life insurance market, boasting a 40.4% market share, insuring 3.9 million lives ...

Government divulges vision for superannuation

ANDREW MCKEAN  |  FRIDAY, 14 APR 2023
... issue of unpaid superannuation, Jones said granting employees access to unpaid superannuation through tribunals or small claims processes is a step in the right direction. The government is also tasking the ATO with improving the collection of unpaid ...

Startup founder charged for defrauding JPMorgan

JAMIE WILLIAMSON  |  WEDNESDAY, 5 APR 2023
... Frank's success in helping millions of students navigate the college financial aid process by making up data to support her claims, and then used that fake information to induce JPMC to enter into a $175 million transaction," SEC Division of Enforcement ...

Taskforce exposes rising dangers for retail investors

ANDREW MCKEAN  |  FRIDAY, 31 MAR 2023
... poses an increasing risk, eroding trust in sustainable finance products and leaving investors vulnerable to misleading claims and potential financial losses. Meanwhile, the taskforce noted a surge in retail fraud and scams, as the digitalisation of financial ...

US regulator sues crypto giant, chief executive

CASSANDRA BALDINI  |  TUESDAY, 28 MAR 2023
... Binance and its chief executive Changpeng Zhao have been charged by the Commodity Futures Trading Commission (CFTC) following claims of "willful evasion of US law." The CFTC announced it filed a civil enforcement action in the US District Court against ...

AustralianSuper to decrease premiums

JAMIE WILLIAMSON  |  MONDAY, 27 MAR 2023
... 30-day waiting period will see theirs increase anywhere up to 19%. The fund said this is due to a rise in the number of claims. There is no change to the weekly cost for income protection with benefit payment periods of up to five years and up to age ...