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Showing 191 - 200 of 2468 results for "Claims"

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
... inappropriate use of self-managed super funds (SMSFs) are the most prevalent issues behind complaints that then lead to CSLR claims." Singh said one in five of the complaints AFCA received in 2024 in investments and advice alleged failure by the adviser ...

Life insurers keep breaking their own rules: Report

ANDREW MCKEAN  |  TUESDAY, 1 APR 2025
... whether training is effectively stemming the flow of breaches over time. The most frequently breached Code chapter was claims, with 9698 breaches, broadly in line with the previous year. Breaches relates to buying in life insurance more than doubled ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
... major superannuation trustees by ASIC found that not even one monitored or reported on the full process of death benefit claims handling. The review of superannuation trustees including, Australian Retirement Trust, Avanteos (Colonial First State), Brighter ...

AMP staff surveillance slammed by FSU

ELIZA BAVIN  |  FRIDAY, 21 MAR 2025
... AMP commence negotiations for an Enterprise Agreement that genuinely protects workers. In response, AMP has denied the claims that it would monitor employees via video when working from home and said the contracts are standard in the industry. "AMP's ...

Study finds 5000 European ESG funds investing in fossil fuels

JAMIE WILLIAMSON  |  THURSDAY, 20 MAR 2025
... due for the end of this year, Urgewald's Fiona Hauke said the EU should "show more ambition" in regulating funds with ESG claims. "The SFDR overhaul must cut through the current sustainability jungle by providing clear guidelines," she said. "For all ...

Jones calls out super sector, hints at more reform

ELIZA BAVIN  |  THURSDAY, 20 MAR 2025
... increasingly will need." Jones pointed to recent failings in the super sector, particularly when it comes to delayed insurance claims - which he said is "just not good enough". "People are going to look at their superannuation fund in exactly the same ...

Super fund consolidation to accelerate: Mercer

ANDREW MCKEAN  |  THURSDAY, 20 MAR 2025
... ASIC through industry reviews and enforcement actions. "This includes a focus on retirement income delivery, insurance claims handling, investment governance and trustee governance. Funds must ensure that they are meeting regulatory expectations in these ...

Active Super fined $10.5m for greenwashing

KARREN VERGARA  |  TUESDAY, 18 MAR 2025
... Sarah Court said: "This is a significant penalty that sends a strong message to companies making sustainable investment claims that those claims need to reflect the true position." "This case demonstrates ASIC's commitment to taking on misleading ...

'Incompetent' adviser permanently banned by ASIC

MATTHEW WAI  |  FRIDAY, 14 MAR 2025
... representations when he claimed the investment is capital protected in generating high returns, when there was no basis for these claims. Additionally, ASIC determined Surtenich lacked the "necessary judgement and competence to be a financial adviser" ...

ASIC, ASFA spar over super fund trustees 'not knowing' their business

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
... Australian Governance Summit, Longo pointed to AustralianSuper's alleged delayed processing of nearly 7000 death benefit claims and its failure to merge multiple accounts, Aware Super charging fees for no service, Westpac/ BT incorrectly charging ...