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Showing 221 - 230 of 2418 results for "Claims"

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.

AustralianSuper unleashes raft of investment and fee changes

ELIZA BAVIN  |  TUESDAY, 2 JUL 2024
... been removed said: "For advice fees, other than for over-the-phone retirement planning advice mentioned above, the fund claims Reduced Input Tax Credits (RITCs) of 55% on GST it pays and passes the benefit on to you in the form of a lower advice fee ...

GigSuper goes into liquidation

KARREN VERGARA  |  MONDAY, 1 JUL 2024
... Standard that GigSuper had no obligations to creditors as at June 24. However, potential company creditors whose debts or claims have not already been admitted to DW Advisory can prove their debts or claims by July 12. GigSuper joins Cruelty Free Super ...

AIA Australia releases new member insurance portal

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
AIA Australia has launched a new member insurance portal that enables group insurance customers to track their claims throughout the lifecycle. The portal promises real-time updates on claim statuses. It also offers features such as instant document ...

Former AMP advice lead sues The Australian

ELIZA BAVIN  |  MONDAY, 24 JUN 2024
... financial services. According to the Statement of Claim - filed in the Federal Court and seen by Financial Standard - Regan claims the article implied he had personally admitted to misleading ASIC over charging for advice not delivered. Further, Regan ...

AFCA seeks industry feedback on approaches

ELIZA BAVIN  |  FRIDAY, 14 JUN 2024
... Contracts Act 1984 (Cth) (ICA) when it comes to superannuation. It is also looking to amend its approach to delayed insurance claims in the super industry and superannuation death benefits. In addition, it is seeking amendments and new approaches to ...

Advisers shoulder massive wealth transfer

KARREN VERGARA  |  FRIDAY, 7 JUN 2024
... careful planning, education, and managing potential social tensions are also important. A 1987 in the US study by John Ward claims that 70% of wealth transfers fail by the second generation and only 13% of family businesses survive by the third generation. ...