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Showing 261 - 270 of 2418 results for "Claims"

ASIC cracks down on scammers

CHLOE WALKER  |  MONDAY, 4 MAR 2024
... low-fee accounts, and how superannuation trustees deliver important member services, such as how they handle death benefits claims," Longo said. "We will continue to work to ensure the financial system works for all Australians." At the same time, the ...

Super funds convene with assistant treasurer

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... initiated a roundtable discussion last week with Jones, focusing on how the government could expedite the process for insurance claims and death benefits. They also briefed the minister on new initiatives by super funds to improve service delivery. "The ...

Rest faces class action over IP premiums

CHLOE WALKER  |  MONDAY, 19 FEB 2024
... June 2019, Rest automatically enrolled new members in income protection insurance without their active consent. It also claims that when members didn't make any contribution to their Rest account for 13 continuous months or more, the default income ...

ASIC files lawsuit against unlicensed director, companies

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2024
... development of a product by Kradle Software. During this time, MacroLend has not held an AFSL. In courting investors, ASIC claims Hodgson told them Kradle Software held intangible assets of $1.02 billion when it did not; recorded assets were just $11,180. ...

iExtend finds interim arrangement to operate

KARREN VERGARA  |  TUESDAY, 6 FEB 2024
... concerned that iExtend may have provided financial product advice without a licence, and that iExtend may look to provide a claims handling and settling service in the future. iExtend chief executive David Sarkis said the CAR, established with Ingenious ...

MetLife Australia hires chief operating officer

JAMIE WILLIAMSON  |  FRIDAY, 2 FEB 2024
... operating officer, effective this week. Lacheur joins from AIA where she was most recently acting chief customer operations and claims officer. She first joined AIA in May 2020 following its acquisition of CommInsure Life. In all, Lacheur spent about ...

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... in the superannuation system is likely to be undermined; nowhere is this more evident than in relation to death benefit claims handling. "We are aware of a significant increase in complaints to the Australian Financial Complaints Authority about extreme ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... pledge full divestment of Russian assets. Active Super, on the other hand, landed in hot water last year for greenwashing claims, allegedly telling members it divested its Russian investments when it did not do so. Today, the International Court of Justice ...

TAL appoints chief claims officer

KARREN VERGARA  |  MONDAY, 22 JAN 2024
TAL announced that a former Westpac executive will join the insurer as its new chief claims officer. On March 1, Georgina Croft will take the post. She was most recently the chief customer services officer at BT Financial Group, a role she held for ...

Penta Capital fined for fabricated FUM

KARREN VERGARA  |  MONDAY, 22 JAN 2024
ASIC has fined a firm for making several false statements that included claims it managed nearly $7 billion in assets when it does not. Queensland-based Penta Capital boasted on its website between May 2022 and February 2023 that it managed $6.9 billion ...