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Showing 1991 - 2000 of 7046 results for "Insurance"

SCA drags AMP over claim delays

ALLY SELBY  |  TUESDAY, 10 DEC 2019
... an open letter to the board; criticising the wealth giant for significant delays in its "abhorrent" handling of group insurance claims. Citing APRA's Life Insurance Claims and Disputes data released in June this year, the people's advocate in the superannuation ...

Industry fund members targeted

ELIZABETH MCARTHUR  |  TUESDAY, 10 DEC 2019
... important decision that can set you up for a long, happy and comfortable retirement," TWUSUPER told members. The issue of insurance, the fund pointed out, was something some members might overlook when under pressure from aggressive sales tactics. "Many ...

MySuper heat map lauds industry funds

HARRISON WORLEY  |  TUESDAY, 10 DEC 2019
... superannuation research Jason Ross told Financial Standard that despite its flaws - not including the cost of default insurance for example - the heat map was serving its purpose for the regulator by benchmarking funds following the Royal Commission ...

Stanford Brown acquires Sydney advice firm

KANIKA SOOD  |  WEDNESDAY, 4 DEC 2019
... Brown's core business is private wealth but it offers ancillary services including mortgage broking, property buying and insurance. In the coming months, it will add tax and accounting services to this lineup.

ASIC bans direct life cold calling

HARRISON WORLEY  |  WEDNESDAY, 4 DEC 2019
The use of cold calling to sell direct life insurance will be prohibited in the New Year.. ASIC will ban unsolicited cold calling in life and consumer credit insurance sales from January 13 next year, following a period of consultation with industry ...

Industry fund previews new insurance offering

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
A $57 billion industry superannuation fund has revealed details of its new group insurance offering, having transitioned to a new provider as of this month. As of December 1, the group insurance available to Rest members is provided by TAL after the ...

Life insurers lost $3.4b over five years: APRA

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
The Australian Prudential Regulation Authority has launched an intervention into the life insurance market in response to ongoing heavy losses in respect of individual disability income insurance. The regulator announced a series of measures, including ...

Cbus hikes fees

ELIZA BAVIN  |  TUESDAY, 3 DEC 2019
... defaulted into the funds Growth MySuper option if they don't choose otherwise but includes the benefit of automatic tailored insurance dependant on the member's job.

How much a self-licensee spends on compliance

KANIKA SOOD  |  THURSDAY, 28 NOV 2019
... Financial Services said $4.50 for every $100 of revenue is currently going towards compliance, including personal indemnity insurance, memberships to industry bodies, audits and training. "The biggest component of that is likely the PI [personal indemnity] ...

CommInsure cops $700k hawking fine

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... Society - a Commonwealth Bank subsidiary trading as CommInsure - has been convicted of 87 counts of offering to sell insurance products in the course of unlawful, unsolicited telephone calls. Otherwise known as hawking, the conduct contravenes section ...