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Showing 181 - 190 of 2414 results for "Claims"

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... Following its recent action against Cbus, ASIC has warned all super trustees to ensure they are processing death benefit claims efficiently, saying it has seen "consistently weak" practices and "operational failures." ASIC has put super funds on notice ...

ClearView's share price tanks 31%

KARREN VERGARA  |  TUESDAY, 19 NOV 2024
... lapse experience and expense management continues to be within expectation. However, we have seen a material increase in claims in the first quarter of FY25 in select pockets of our legacy Life Solutions portfolio." In the quarter to September, the after-tax ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... effective ASIC's enforcement has been. "But certainly, member services failures go well beyond the payment of death benefit claims and disability claims. We're really sending a signal to that sector to say, 'your members have rights and entitlements ...

Super lobbies call for death benefit reforms

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... often complex, but that super funds have been focused on "unpicking the barriers" to better serve their members. "Death claims in particular are complex, and usually deal with an untimely death. It is complex by nature because there is the insurance ...

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA  |  THURSDAY, 14 NOV 2024
... on behalf of those clients. She did so by telephone and email. She described the work as involving investigating credit claims on clients' behalf," FWA documents show. Pascua was also allocated a pbx phone unit that made it look like she had an Australian ...

Bragg calls for Cbus to front Senate

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... reason that we're having a Senate inquiry in Canberra into these issues is actually because of the data on insurance claims, which shows that so many of the super funds actually do the wrong thing when it comes to consumers filing insurance claims ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
ASIC has launched legal proceedings against Cbus over delays in the processing of insurance claims made by members. Court documents were filed by ASIC in the Federal Court today, alleging members were impacted by delays to death and TPD claims processing ...

Invesco Advisers pays $26m over false ESG claims

JAMIE WILLIAMSON  |  MONDAY, 11 NOV 2024
Invesco Advisers was charged by the Securities and Exchange Commission (SEC) after it was found to have misled investors as to what proportion of its total assets were invested according to ESG principles. Invesco Advisers was charged with willfully ...

'No alternative': ESSSuper sues Iress

JAMIE WILLIAMSON  |  MONDAY, 11 NOV 2024
... Iress acknowledged the proceedings on the ASX, saying it will keep shareholders updated as appropriate. "Iress denies the claims made against it and will file a defence in accordance with the court's timetable. Iress continues to provide the contracted ...

Federal Court quashes case against ex-Dixon Advisory director

ANDREW MCKEAN  |  WEDNESDAY, 6 NOV 2024
... least July 2021, which only intensified through to January 2022. However, on all other issues, he ruled against ASIC's claims. "As I understand it, in the context of generally accepted accounting principles, the word 'impaired' means, or can mean, that ...