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Showing 151 - 160 of 1080 results for "Insurers"

FAR draft legislation released

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... released the draft legislation for the Financial Accountability Regime (FAR) which will apply to superannuation funds and insurers. The FAR extends the Banking Executive Accountability Regime (BEAR) which has applied to banks since July 2018. In February ...

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... law, yet the Government is already poking holes in its own legislation. This should be about protecting consumers, not insurers' bottom line." Chief executive of Financial Rights Legal Centre Karen Cox added that the decision to exempt key insurance ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
... of work, designing target market determination templates and data standards for super funds, platforms and wraps, life insurers and fund managers, to help financial services firms prepare for the DDO regime on October 5," FSC chief executive Sally Loane ...

Industry split on paid vaccine leave

JAMIE WILLIAMSON  |  FRIDAY, 25 JUN 2021
... critical role to play." The union has so far written to 71 employers in the financial services sector, including banks, insurers and superannuation funds. As it stands, the FSU has received just 24 responses. Of those, just one has agreed to what the ...

Life Code Compliance Committee chair named

ANNABELLE DICKSON  |  TUESDAY, 8 JUN 2021
... diverse experience to leadership of the committee," AFCA chief executive David Locke said. Last year, the LCCC said life insurers were not taking their obligations under the Life Insurance Code of Practice seriously. The code found an increase in claims ...

Premiums to increase at ESSSuper

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
... following a market tender. While AIA has since completed the purchase of CMLA, this has no bearing on pricing." The t wo insurers sent letters to retail CommInsure policyholders to inform them that they would be transferred to an AIA plan in January. ...

KPMG names risk consulting partners

ANNABELLE DICKSON  |  FRIDAY, 4 JUN 2021
... Donaldson joined from Oliver Wyman where he provided risk strategy and digital advisory services to leading banks and insurers and Bradford joined from Commonwealth Bank as head of transactions monitoring, international financial transfer instructions ...

AFCA names two lead ombudsmen

ANNABELLE DICKSON  |  MONDAY, 31 MAY 2021
... Suanne Russell joined as lead ombudsman, small business. Curtis joins from ASIC where she was senior executive leader, insurers. She was previously acting executive director, financial services group and group senior manager - insurance. She started ...

Actuaries Institute unveils IDII recommendations

KARREN VERGARA  |  MONDAY, 24 MAY 2021
... final recommendations follow a 12 month-review, led by an appointed Actuaries Institute taskforce, which found that life insurers lost more than $2 billion over the last three years as a result of problematic IDII products. One recommendation is the ...

Draft advice reforms not enough: FPA

JAMIE WILLIAMSON  |  WEDNESDAY, 19 MAY 2021
... Financial Services and Credit Panel serve as the single disciplinary body, which would also actuaries, stockbrokers and insurers where they are providing personal financial advice. Consultation on the matter concluded on May 14.