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Showing 151 - 160 of 2437 results for "Claims"

TPD claim settlements take 'considerably longer': Rainmaker

MATTHEW WAI  |  MONDAY, 12 MAY 2025
New group insurance research finds that total permanent disability (TPD) claims are taking much longer to process, while death claims appear to have more efficient processes in place. According to Rainmaker's latest benchmarking data, a total of ...

Mercer Super recruits whistleblower as risk chief

ELIZABETH FRY  |  THURSDAY, 8 MAY 2025
... eye out - job advertisements will begin appearing shortly." Last August, Mercer Super was fined for making misleading ESG claims about the sustainability of its investment options. The fund agreed to work on its risk management culture and practices ...

ASIC cancels licence of Brite Advisors

ANDREW MCKEAN  |  MONDAY, 5 MAY 2025
... cancelled six other AFS licences and four credit licences after CSLR payments were made. The CSLR, which began processing claims in April last year, can compensation eligible consumers up to $150,000 if a financial firm fails to comply with an AFCA r ...

Rest details internal program to reform death benefit processes

ANDREW MCKEAN  |  FRIDAY, 2 MAY 2025
... Scarlet,' an internal program that the fund's carried out over the past 18 months to improve its death benefit claims processes. A spokesperson for the $93 billion super fund said the program aligns with its broader ambition to make the experience ...

Acenda forms innovation function to create new insurance propositions

ANDREW MCKEAN  |  TUESDAY, 29 APR 2025
... at Firemark Ventures, the venture capital arm of general insurer IAG, as director of emerging technology. Acenda chief claims and transformation officer Andrew Beevors said the function will support embedding an "innovation mindset" at the insurer, delivering ...

ANSC's Australian Food & Agriculture takeover tanks

KARREN VERGARA  |  WEDNESDAY, 16 APR 2025
... interest in AFA. ANSC said each party has agreed on behalf of themselves and their respective related parties "to a release of claims relating to the business combination agreement and the related transactions, including the termination, subject to certain ...

Paying more fees doesn't speed up superannuation death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 10 APR 2025
... out faster, according to research by Super Consumers Australia (SCA). In the wake of a review by ASIC into death benefit claims handling practices of superannuation trustees last month, which unearthed systemic failures that force Australians to "suffer ...

UGC's AFCA membership to cease

KARREN VERGARA  |  MONDAY, 7 APR 2025
... main driver behind the spike in the 2026 CSLR levy estimates, tipped to be $70 million. UGC accounts for $44.6 million in claims and $3.6 million in AFCA fees - meaning $48.2 million out of the total $70 million. AFCA also announced that Everblu Capital ...

DWS fined $43m for greenwashing

JAMIE WILLIAMSON  |  THURSDAY, 3 APR 2025
... Frankfurt prosecutors. In 2021, a whistleblower - former DWS group sustainability officer Desiree Fixler - came forward with claims the asset manager was making misleading public statements about its commitment to environmental, social and governance ...

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
... inappropriate use of self-managed super funds (SMSFs) are the most prevalent issues behind complaints that then lead to CSLR claims." Singh said one in five of the complaints AFCA received in 2024 in investments and advice alleged failure by the adviser ...