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Showing 211 - 220 of 2414 results for "Claims"

APRA reprimands Cbus, BUSSQ over governance issues

ANDREW MCKEAN  |  WEDNESDAY, 14 AUG 2024
... following allegations of serious misconduct in the Construction, Forestry and Maritime Employees Union (CFMEU), including claims of underworld figures and former bikie gang leaders being awarded plum high-paying government-funded projects, and reports ...

FAAA calls on advisers: 'We ask for your support'

ELIZA BAVIN  |  FRIDAY, 9 AUG 2024
... commitment of a prospective scheme - in which the financial advice sector would only be expected to pick up the costs of claims after the scheme started - and instead launched the scheme with a "massive overhang of legacy compensation to be paid." He ...

AFSLs can lose licence on CSLR intervention

KARREN VERGARA  |  WEDNESDAY, 7 AUG 2024
... with the firm and its PII to have the compensation paid out. "The outcome, in this particular case, is that of the seven claims which we've got, all but one of them are above the $150,000 cap. So, it's in the claimant's best interest for ...

Mercer Super cops landmark $11.3m greenwashing penalty

KARREN VERGARA  |  FRIDAY, 2 AUG 2024
... contraventions admitted by Mercer are serious. They arose from failures by Mercer to implement adequate systems to ensure that ESG claims in relation to its superannuation products were accurate, and to monitor and enforce the application of any sustainability ...

AIA Australia names head of wellbeing

MATTHEW WAI  |  THURSDAY, 1 AUG 2024
... wellbeing team structure and welcomed Lucy Hartley as head of wellbeing. Hartley brings over 20 years of experience across claims and rehabilitation in Australia and the UK. She has held senior roles at EMLife and Rehab Management and was most recently ...

New shadow assistant treasurer's vision for advice, super

ANDREW MCKEAN  |  WEDNESDAY, 31 JUL 2024
... Nevertheless, there are ways of reducing the costs, Howarth said. Firstly, the government, which promised to cover 12 months of claims and operating costs for the CSLR, and only paid for three months, should fulfill its commitment, Howarth said. Secondly ...

DG Institute to pay near $20m for misleading courses

MATTHEW WAI  |  WEDNESDAY, 24 JUL 2024
... and company directors to ensure statements made to consumers... and clearly demonstrate the consequences of making false claims when promoting goods or services to consumers," ACCC commissioner Liza Carver said. Grubisa will also be responsible to pay ...

Group insurance cheaper by 25%: Rainmaker

KARREN VERGARA  |  MONDAY, 15 JUL 2024
... up to $8.8 billion in premiums last year, which is lower than the $9.2 billion record set pre-Covid in 2019. In terms of claims, the group insurance sector paid out a record $5 billion, up 11% year on year. This eclipsed the previous record $4.9 billion ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
... Advice Association Australia (FAAA) calculates that the financial advice sector will have to fund $135 million of these claims. "This highlights a deep flaw in the Compensation Scheme of Last Resort (CSLR), funding model that must be fixed. The Dixons ...

iExtend receives AFSL after lengthy wait

JAMIE WILLIAMSON  |  THURSDAY, 4 JUL 2024
... significant development in iExtend's history and future growth. The company has previously flagged its intention to expand into claims handling and settling.