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Showing 11141 - 11150 of 21783 results for "Dec"

CommInsure enhances claims process

ALEX BURKE  |  FRIDAY, 11 MAR 2016
In response to recent media coverage, CommInsure chair Geoff Austin has apologised to affected customers and said "the concerns raised in the recent cases reported are not a reflection of the values of our people or our business." Austin added, "We ...

AFA calls out ISA on claims blame

ALEX BURKE  |  FRIDAY, 11 MAR 2016
Association of Financial Advisers chief executive Brad Fox has dismissed Industry Super Australia's calls to connect adviser remuneration with insurance claim decisions. Arguing that linking the two is "like blaming a petrol station for a driver who ...

ASIC tightens Macquarie's AFSL

ALEX BURKE  |  FRIDAY, 11 MAR 2016
ASIC has announced additional conditions on Macquarie Bank's Australian financial services licence following an investigation. ASIC investigated several Macquarie breach reports between 2004 and 2014 pertaining to "breaches of the client money provisions ...

Super tax concessions no gift

DARREN SNYDER  |  FRIDAY, 11 MAR 2016
Industry superannuation fund Vision Super has hit out at Assistant Treasurer Kelly O'Dwyer's assertion that super taxation concessions are a "gift", saying their implementation has been more about budget fixes. Vision Super said Australians have been ...

CalPERS and Moody's settle for $130 million

DARREN SNYDER  |  FRIDAY, 11 MAR 2016
The California Public Employees' Retirement System (CalPERS) has settled with Moody's for a record US$130 million for its erroneous ratings of structured investment vehicles prior to the Global Financial Crisis. The lawsuit tops CalPERS' US$125 million ...

Four bazookas and a phrase

BENJAMIN ONG  |  FRIDAY, 11 MAR 2016
Well he tried, and he tried, and he tried but he can't get no satisfaction, oh no, no. no. For all intents and purposes, ECB President Mario Draghi over-delivered on the eagerly-awaited stimulus promised two months ago. He came in firing not with one... ...

CommInsure portfolio exec leaves for MetLife

ALEX BURKE  |  THURSDAY, 10 MAR 2016
MetLife has hired a new executive manager group insurance from CommInsure. Annette Torrington worked for CommInsure since 2007, joining as product manager, wholesale life insurance. After that she was a senior product manager, industry fund segment ...

Up to 2.4m super members affected by CommInsure scandal

MARK SMITH  |  THURSDAY, 10 MAR 2016
Up to 2.4 million superannuation members could be impacted by the allegations which have rocked insurance company CommInsure, according to Rainmaker Information estimates. A joint investigation by Fairfax the ABC's 4 Corners alleged the company pressured ...

RBNZ cuts rates, biased towards further easing

BENJAMIN ONG  |  THURSDAY, 10 MAR 2016
It was unexpected but not a total surprise. The Reserve Bank of New Zealand (RBNZ) cut the official cash rate by 25 basis points to 2.25% contrary to consensus expectations that the New Zealand central bank will keep interest rates unchanged after this ...

ANZ searches for new chief economist

DARREN SNYDER  |  WEDNESDAY, 9 MAR 2016
ANZ is searching for a new chief economist following the immediate resignation of Warren Hogan yesterday. In Hogan's place temporarily is Richard Yetsenga, who has been appointed as acting chief economist and will report to acting managing director ...