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Showing 181 - 190 of 4246 results for "Poor"

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... paying out legitimate claims. We are putting insurers on notice that we will take action where we see consumer harm from poor claims handling practices." In its review, ASIC also identified concerns around mental health claims and investigations. The ...

ASIC issues warning over brokers' high-risk offers

JAMIE WILLIAMSON  |  WEDNESDAY, 31 AUG 2022
... retail investors and that some are seeking to offer high-risk products or services that may be inappropriate or result in poor outcomes in a bid to broaden their revenue base as market conditions impact investor activity. This includes crypto-assets ...

A sensible roadmap: Industry responds to QAR paper

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... remain, there is real potential for conflicts of interest. The best interests duty is the only bulwark consumers have against poor advice," Financial Counselling Australia chief executive Fiona Guthrie said. "From time to time, financial counsellors ...

Focus on providing 'good advice': QAR draft proposals

JAMIE WILLIAMSON, CASSANDRA BALDINI  |  MONDAY, 29 AUG 2022
... saying "evidence suggests the best interests duty has not been more effective than disclosure in protecting consumers from poor advice." Instead, there should be a focus on providing 'good advice'; "A duty to give good advice does place a different ...

ASIC tells super trustees to improve TMDs

ANDREW MCKEAN  |  MONDAY, 29 AUG 2022
... determinations (TMD) for their products. The regulator's request follows a sample review of trustee compliance that found some poor practices. ASIC reviewed a sample of 55 TMDs prepared by 27 superannuation trustees across the industry, retail, corporate ...

MobiSuper, licensee to pay $250k penalty

JAMIE WILLIAMSON  |  MONDAY, 29 AUG 2022
... work to ensure licensees comply with the law and correctly monitor their corporate authorised representatives to prevent poor promotional behaviour," Court said.

ASIC highlights strategic priorities

CASSANDRA BALDINI  |  TUESDAY, 23 AUG 2022
... by ASIC. It also said it is focused on reducing the risk of harm to consumers of financial and credit products, caused by poor product design, distribution and marketing, and will do this by driving compliance with new requirements. On the advice front ...

MLC Life Insurance launches wellbeing service

CASSANDRA BALDINI  |  TUESDAY, 16 AUG 2022
... to work in some capacity, and a further 34% were able to return to full hours. Beevors continued: "We see the impact that poor health and wellbeing has on our customers through the claims we manage. Our experience shows the quicker we can provide targeted ...

How Australians are losing retirement returns

ANDREW MCKEAN  |  MONDAY, 8 AUG 2022
... the trigger to start salary sacrificing their extra earnings." However, because of heightened cost of living pressures and poor super returns, Banney acknowledged that many people may be tempted to pocket the extra cash rather than salary sacrifice. ...

APRA releases annual corporate plan

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... momentum on eradicating unacceptable product performance by intensifying pressure on trustees to cease offering high-fee, poor performing products, and scrutinising Choice products. It aims to do this with the Your Future, Your Super performance test ...