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Showing 201 - 210 of 2437 results for "Claims"

BlackRock, State Street, Vanguard sued over climate stance

JAMIE WILLIAMSON  |  THURSDAY, 28 NOV 2024
... institutions "conspired to artificially constrict the market for coal through anticompetitive trade practices." The lawsuit claims that BlackRock, State Street and Vanguard progressively acquired substantial shareholdings in every major publicly listed ...

Swan tells Bragg he won't front parliament

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... declined an invitation to front the Senate Economics Committee over issues with the fund's recent board appointments and claims handling delays. In a letter to committee chair Senator Andrew Bragg, Swan thanked Bragg for the invitation but said he didn't ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
AustralianSuper will compensate around 7000 beneficiaries to the sum of $4.2 million for death benefit claims that took longer than the fund's internal target handling time of four months from the date when the claim form was received. The fund ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... Following its recent action against Cbus, ASIC has warned all super trustees to ensure they are processing death benefit claims efficiently, saying it has seen "consistently weak" practices and "operational failures." ASIC has put super funds on notice ...

ClearView's share price tanks 31%

KARREN VERGARA  |  TUESDAY, 19 NOV 2024
... lapse experience and expense management continues to be within expectation. However, we have seen a material increase in claims in the first quarter of FY25 in select pockets of our legacy Life Solutions portfolio." In the quarter to September, the after-tax ...

ASIC escalates super fund enforcement in 2025

KARREN VERGARA  |  FRIDAY, 15 NOV 2024
... effective ASIC's enforcement has been. "But certainly, member services failures go well beyond the payment of death benefit claims and disability claims. We're really sending a signal to that sector to say, 'your members have rights and entitlements ...

Super lobbies call for death benefit reforms

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... often complex, but that super funds have been focused on "unpicking the barriers" to better serve their members. "Death claims in particular are complex, and usually deal with an untimely death. It is complex by nature because there is the insurance ...

Fair Work ruling, ASIC put offshoring arrangements on notice

KARREN VERGARA  |  THURSDAY, 14 NOV 2024
... on behalf of those clients. She did so by telephone and email. She described the work as involving investigating credit claims on clients' behalf," FWA documents show. Pascua was also allocated a pbx phone unit that made it look like she had an Australian ...

Bragg calls for Cbus to front Senate

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
... reason that we're having a Senate inquiry in Canberra into these issues is actually because of the data on insurance claims, which shows that so many of the super funds actually do the wrong thing when it comes to consumers filing insurance claims ...

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
ASIC has launched legal proceedings against Cbus over delays in the processing of insurance claims made by members. Court documents were filed by ASIC in the Federal Court today, alleging members were impacted by delays to death and TPD claims processing ...