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Showing 1311 - 1320 of 2693 results for "Fair"

Labor blindsides super legislation

DARREN SNYDER  |  WEDNESDAY, 9 NOV 2016
... said. "The current superannuation system delivers half of all tax concessions to the top 20% of income earners. That isn't fair or fiscally sustainable. "While the Government has scrapped its flawed and retrospective changes, the current proposals do ...

CommInsure update champions progress

KERRIE SYDEE  |  WEDNESDAY, 9 NOV 2016
... statement CommInsure said that claims staff did not receive incentives to decline claims, with all staff trained to provide fair customer outcomes and values. "An independent review of claims staff key performance indicators (KPIs) for 2015 and 2016 ...

Banks balancing profit and capital adequacy

ALEX BURKE  |  TUESDAY, 8 NOV 2016
Australia's largest banks are having difficulty maintaining growth given a sluggish economy and increasing regulatory pressure, according to several industry analysts. KPMG's Major Australian Banks Full Year 2016 Analysis Report shows a 2.5% drop in ...

ASIC confirms systemic failures in advice

KERRIE SYDEE  |  THURSDAY, 27 OCT 2016
The Australian Securities and Investment Commission has confirmed systemic failures at 21 Australian Financial Services Licensees in providing ongoing advice services to clients. Identified in ASIC's 'Financial advice: Fees for no service' report, the ...

Westpac appoints group customer advocate

JAMIE WILLIAMSON  |  WEDNESDAY, 26 OCT 2016
... appointment enhances Westpac's existing dispute resolution framework, increasing customer confidence and ensuring the process is fair and transparent. "The Customer Advocate will have the power to review and make independent, binding decisions about ...

FOX appoints Australia/NZ market leader

ALEX BURKE  |  TUESDAY, 25 OCT 2016
The global family office association, Family Office Exchange, has appointed a market leader for Australia and New Zealand. Peter Roach takes on the role having been the chief executive of the Fairfax family office, Cambooya Services, for 12 years. He ...

Equititrust CEO remains permanently banned

KERRIE SYDEE  |  THURSDAY, 20 OCT 2016
The former chief executive and founding director of Equititrust remains permanently banned from providing financial services after withdrawing his application to the Administrative Appeals Tribunal for a review of ASIC's decision. Mark McIvor was permanently ...

Cooper defends BT life insurance figures

ALEX BURKE  |  MONDAY, 17 OCT 2016
... essentially that there is no current standard for reporting of claims data, meaning the BTFG figure shouldn't be used in a fair comparison. As a result, he said he supports ASIC's recommendation to establish a public reporting framework. "We strongly ...

Super reforms finalised by year's end

DARREN SNYDER  |  MONDAY, 17 OCT 2016
Treasurer Scott Morrison is adamant the government's wave of superannuation reforms will be introduced to parliament by the end of 2016. Morrison released the third tranche of reforms on Friday and said the legislative amendments better target superannuation ...

ASIC finds life claim rates wildly inconsistent

ALEX BURKE  |  WEDNESDAY, 12 OCT 2016
ASIC has found a "considerable variation" in denied claims across life insurers, with TPD denial rates as high as 37% in one instance. The regulator has issued its industry review of life insurance claims, and found that while the majority (90%) of ...