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Showing 181 - 190 of 2437 results for "Claims"

EQT brings new strategy to Australia

MATTHEW WAI  |  FRIDAY, 14 FEB 2025
... investment period and lengthy lock-ups applicable to close-ended funds." Additionally, EQT partner Peter Beske Nielsen claims there are two trends emerging among investors, as these semi-liquid strategies continue to be a key focus for the firm. "For ...

Industry fund insurance bungle adds fuel to mounting outrage

ANDREW MCKEAN  |  THURSDAY, 13 FEB 2025
... the fund's approach to honour any insurance coverage provided in error "for a number of reasons," including in case any claims arise. Separately, however, Consumer Champion owner Adam Glezer told Financial Standard about representing someone whose family ...

MLC Life recruits merger specialist

ELIZABETH FRY  |  THURSDAY, 6 FEB 2025
MLC Life Insurance has hired an integration specialist to execute its merger with Resolution Life Australasia to create the country's third-largest life insurer. As the general manager of integration, Peter Moutsatsos will lead a dedicated team ...

AustralianSuper under investigation for delayed death benefit payouts

ANDREW MCKEAN  |  THURSDAY, 6 FEB 2025
... AustralianSuper announced last November that it would compensate around 7000 beneficiaries with $4.2 million for death benefit claims that exceeded the fund's internal target of four months from the date a claim was received. At the time, the fund ...

FAAA 'frustrated' as Dixon inquiry delayed

ELIZA BAVIN  |  THURSDAY, 6 FEB 2025
... "By bridging this gap, the initiative promotes accountability while reducing systemic risks associated with unrepresented claims, ultimately benefiting consumers and the broader financial ecosystem."

CSLR review will scrutinise effect on businesses

KARREN VERGARA  |  MONDAY, 3 FEB 2025
... the failures of Dixon Advisory & Superannuation Services (DASS) and United Global Capital (UGC), whereby 92% of the total claims expected to be paid relate to these two firms. While there is currently no certainty as to who will fund the balance of $50 ...

Jones instigates CSLR review, levy hits $70m

KARREN VERGARA  |  FRIDAY, 31 JAN 2025
... Advisory & Superannuation Services (DASS) and United Global Capital (UGC) for the massive bill. A whopping 92% of the total claims it expects to pay relate to these two firms. Of the $77.9 million total estimate, $70.11 million is apportioned to financial ...

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... to create a "red tape razor gang" to slash inefficient regulation. The FSC has outlined nine deregulation priorities it claims could add $800 million a year to industry productivity. Among them are reforms under ASIC's remit, including simplifying the ...

Minimum service standards for super funds welcomed

ELIZA BAVIN  |  WEDNESDAY, 29 JAN 2025
... improvement". These include the timely and compassionate handling of death benefits, fair and efficient processing of insurance claims, and clear, respectful and accessible communications with members. "While most funds offer services that meet or often ...

Auditors tighten fist on greenwashing

ROSE MARY PETRASS  |  TUESDAY, 28 JAN 2025
The global ethics watchdog has issued fresh directives on judging green claims, with the minutiae still in flux in Australia as mandatory reporting begins for large entities and financial firms. Part of a broad crackdown on greenwashing and ESG-related ...