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Showing 101 - 110 of 2438 results for "Claims"

Former staffer sues ASX, Lofthouse over bullying

ELIZA BAVIN  |  TUESDAY, 16 SEP 2025
... Standard reached out to legal representatives for both Halstead and Lofthouse for comment. According to reporting, Halstead claims he warned the market operator in 2015 and 2017 about issues with testing and engineering architecture for the replacement ...

Cbus vows faster death benefit payouts

KARREN VERGARA  |  TUESDAY, 16 SEP 2025
... severe delays while some were left waiting more than 12 months for a payout. According to court documents, some 7713 TPD claims were impacted, 4366 of which took more than 12 months to be resolved and only 830 were resolved within 90 days. About 3600 ...

ASIC takes aim at super, private markets

ELIZA BAVIN  |  MONDAY, 15 SEP 2025
... you to use it," she said. "We'll also be checking in with trustees to see what progress they have made to improve their claims handling processes." In addition to issuing trustees another warning, Constant also flagged concerns the regulator has around ...

FEATURE: Hyped up

KARREN VERGARA  |  FRIDAY, 5 SEP 2025
... background process, like cyber systems etc.," he says. This includes AI potentially "radically changing" specific processes like claims adjusting or responding to a particular customer complaint. "If businesses are able to halve the time it takes to ...

FAAA calls for other sectors to help pay $67m CSLR bill

ELIZA BAVIN  |  WEDNESDAY, 3 SEP 2025
... losses where they're occurring or likely to occur. It said wholesale clients should be excluded from the scheme, and any claims should be based purely on capital loss. "We are still of the strong view that ensuring the CSLR becomes a genuine scheme of ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... $296 million of their superannuation into First Guardian and some $230 million into Shield between 2020 and 2024. ASIC claims Merhi's businesses in return received nearly $18 million in upfront advice fees and more than $19 million from entities ...

NGS Super readies for admin transformation

JAMIE WILLIAMSON  |  WEDNESDAY, 27 AUG 2025
... limited service period. All income and pension payments will be paid early, it added. Financial hardship payments, insurance claims and payments, and immediate access to funds will be available and prioritised, NGS Super said. "This upgrade is not just ...

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... Australians' retirement savings. "In late 2024 and early 2025, ASIC initiated court proceedings against two super funds over their claims handling practices. In January 2025, we called out trustees for weak scam and fraud practices. Then, in March, we ...

ASIC turns spotlight on direct life sales

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
... practices, "notable deficiencies" remain, the regulator expressed in a letter to chief executives. What has not improved are claims disputes for directly sold policies, still significantly increasing across all channels with dispute rates more than doubling ...

Magellan rebrands investment business

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... 85 gigabytes of data. A statement on Magellan's site says: "On 8 August 2025, Magellan Financial Group became aware of claims suggesting a potential cybersecurity incident involving our data. Our IT security team is conducting a thorough investigation ...