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Showing 1121 - 1130 of 6958 results for "Insurance"

Backlash after 'unprecedented' ASIC action against Westpac

ELIZABETH MCARTHUR  |  THURSDAY, 2 DEC 2021
... ASIC cased did not include an ASIC penalty proceeding commenced in April this year over mis-selling of consumer credit insurance. Slater and Gordon practice group leader Andrew Paull said if the bank was 'walking the talk' they would remediate the victims ...

ClearView recruits chief claims officer

KARREN VERGARA  |  WEDNESDAY, 1 DEC 2021
... 10 years at ANZ in senior claims roles prior to the merger. At ClearView, she reports to the general manager of life insurance Gerard Kerr. "With over 25 years of financial services experience, including the past 12 years in senior claims roles at Zurich ...

ASIC files numerous cases against Westpac

JAMIE WILLIAMSON  |  TUESDAY, 30 NOV 2021
... penalty proceedings against Westpac for widespread compliance failures in its banking, wealth, superannuation and general insurance businesses. The six matters filed relate to charging fees to deceased customers; distributing duplicate insurance policies ...

Industry fund cuts premiums

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
A $2 billion industry fund has reduced its insurance premiums by more than 17%. REI Super informed members premium rates will decrease by 17.5% for income protection and 3.3% for death and total and permanent disability (TPD) insurance. "We continuously ...

Guidance on financial risks of climate change released

JAMIE WILLIAMSON  |  FRIDAY, 26 NOV 2021
... we do want to make sure that those decisions are well-informed, and don't undermine the interests of bank depositors, insurance policyholders or superannuation members." APRA said it intends to survey entities to gauge the alignment between their management ...

AMP flags $325m performance hit

KARREN VERGARA  |  FRIDAY, 26 NOV 2021
... losses are on top of remediation relating to superannuation misconduct ($45m) and an adjustment for the sale of its life insurance and mature business ($65m). AMP chief executive Alexis George said: "As we have developed our strategies for the post-demerger ...

QSuper faces class action over excess premiums

JAMIE WILLIAMSON  |  THURSDAY, 25 NOV 2021
A class action has been filed against QSuper, claiming it overcharged about 140,000 members for life insurance policies by charging almost all members the same despite differing occupations. Shine Lawyers has filed the action in the Federal Court against ...

APRA hones in on post-retirement products

KARREN VERGARA  |  TUESDAY, 23 NOV 2021
APRA is adamant that retirement income products will not suffer the same fate as income protection insurance as it looks to tighten its belt in regulating the post-retirement phase. The prudential regulator's deputy chair Helen Rowell spoke of the ...

Former WA adviser charged with dishonest conduct

CHLOE WALKER  |  TUESDAY, 23 NOV 2021
... dishonestly while he was an authorised representative of AMP. It says he completed and submitted false information in clients' insurance applications, failed to adequately disclose feeds to clients, acted without client instructions and failed to adequately ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... of the operational risk financial requirement (ORFR), reserving practices, and protections afforded to trustees via insurance, and how these might need to adapt over time. The discussion paper outlines key principles for fee setting and design, informed ...