Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 231 - 240 of 2439 results for "Claims"

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 ...

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 ...