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Showing 201 - 210 of 2414 results for "Claims"

AFCA consults on superannuation life insurance disputes

ANDREW MCKEAN  |  TUESDAY, 10 SEP 2024
... approach to sections 29(6) and 29(7) of the Insurance Contracts Act 1984, and the amended approach to delayed insurance claims in superannuation. "The draft Approaches have been developed to provide greater clarity around what to expect from AFCA processes ...

E&P free of legacy issues, FUA jumps 26%

KARREN VERGARA  |  FRIDAY, 30 AUG 2024
... their ultimate civil penalty action, as well as postponing the end date of its AFCA membership to accept hundreds of extra claims in the final months. "In our analysis, we have just scratched the surface. There is so much more that needs to be unearthed ...

New bill seeks to block investments involving Cbus

ANDREW MCKEAN  |  THURSDAY, 22 AUG 2024
... action to remove these board members despite allegations of "thuggery, organised crime, and corruption." This includes claims that CFMEU NSW state secretary Darren Greenfield boasted to corrupt building firms that he could secure them lucrative contracts ...

State Street partners with Taurus to expand digital asset services

MATTHEW WAI  |  WEDNESDAY, 21 AUG 2024
... approval. The announcement comes at a time when institutional interest in digital assets is at an "all-time high", State Street claims, which is also shown through a recent survey on institutional investors' sentiment towards cryptocurrencies.

Cost of 'comfortable retirement' increases again: ASFA

ANDREW MCKEAN  |  WEDNESDAY, 21 AUG 2024
... and 14% over the past year, driven largely by higher reinsurance costs, the impact of natural disasters, and increased claims. Private health insurance premiums increased by an average of 3.03% from the start of April, marking the largest rise since ...

ASIC scraps Libertas' AFSL for unpaid compensation

KARREN VERGARA  |  TUESDAY, 20 AUG 2024
... announced it was liquidating Libertas last year in which the latter grappled with a string of bad financial advice-related claims dating back several years. One example of misconduct involved ASIC's permanent banning of Ezzat Daniel Nesseim for doctoring ...

FAAA to work with Treasury on CSLR

ELIZA BAVIN  |  FRIDAY, 16 AUG 2024
... Dixon Advisory and how it was handled by regulators. Anderson said ASIC had "seemingly enabled multiple hundreds of extra claims in the final months" by not acting in a timely manner and postponing the end date of Dixon's AFCA membership. "I must ...

AIA bolsters executive team

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
AIA Australia has appointed Tracey Crowe as its new chief customer operations and claims officer. Crowe has more than 25 years' experience in the life insurance and financial services industries. Crowe has spent the past 10 years at BT Financial Services ...

'Our patience is running thin': ASIC

ELIZA BAVIN  |  THURSDAY, 15 AUG 2024
... meet their members' needs. She added that it was disappointing that complaints made by members to AFCA about delays in claims doubled between 2022 and 2023. "We are particularly concerned about delays in processing death benefits claims, where complaints ...

ASX sued by ASIC for alleged misleading statements

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... the ASX's announced project plan and was on track to meet future milestones, including to "go-live" in April 2023. ASIC claims those representations were misleading and deceptive because, at the time of the announcements, the project was not tracking ...