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Showing 11 - 20 of 20 results for %22Life Code Compliance Committee%22

FSC revamps life insurer code

KANIKA SOOD  |  MONDAY, 12 NOV 2018
... be registered with ASIC. The code is enforced by the AFCA-administered independent body called Life Code Compliance Committee. "Every aspect of the life insurance industry is under the microscope following the poor behaviour brought to light during the ...

Super fund redesigns insurance offering

HARRISON WORLEY  |  WEDNESDAY, 4 APR 2018
An $8 billion superannuation fund has opened a tender for its new life insurance offering, one which aims to comply with the Insurance in Superannuation Voluntary Code of Practice well ahead of the 2021 deadline. Tasplan chief operations officer Nick ...

PJC doubts life insurance industry can self-regulate

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
A Parliamentary Joint Committee on life insurance said it is "not convinced" the industry can sufficiently self-regulate and is recommending the co-regulatory approach foreshadowed by ASIC. In its final report, the PJC on Corporations and Financial ...

Super industry wants tougher insurance code

KARREN VERGARA  |  MONDAY, 19 MAR 2018
... some of these issues is challenging, and will require a concerted effort by the industry working in partnership with the life insurance industry. But it is an important step for the industry to take in the best interests of your members, and to reduce ...

FSC and FOS appoint former ASX chief risk officer

ALEX BURKE  |  TUESDAY, 30 JAN 2018
... with overseeing the implementation of the Life Insurance Code of Practice. Anne Brown joins the Life Code Compliance Committee (LCCC) while also serving as a member of ASIC's markets disciplinary panel and a non-executive director of the Clean Energy ...

FSC finalises life insurance APL guidelines

ALEX BURKE  |  FRIDAY, 22 DEC 2017
The Financial Services Council finalised the standard for life insurance approved product lists. From 1 July 2018, Australian financial service licencees who are members of the FSC will be required to include three or more life insurers on their APL. ...

Insurers held to account with new FSC code

ALEX BURKE  |  MONDAY, 3 JUL 2017
... to considering ASIC registration," she said. Loane also welcomed the three appointments to the Life Code Compliance Committee (LCCC), which will provide independent oversight of the code and members' adherence to it. The three LCCC members are former ...

Life Insurance Code targets self-regulation

MARK SMITH  |  TUESDAY, 11 OCT 2016
... timeframes, limit the use of surveillance and provide additional support for vulnerable consumers. The Life Code Compliance Committee (LCCC), comprising three independent experts including a consumer advocate, will be given responsibility for enforcing ...

ISA and AIST want changes to professionalism model

DARREN SNYDER  |  WEDNESDAY, 13 MAY 2015
... conflicted remuneration continues to be widespread as a result of extensive grandfathering as well as generous exemptions to the life insurance advice industry. If the government is serious about ensuring that consumers can access professional and unconflicted ...

CCMC chief executive appointed as lead ombudsman

DARREN SNYDER  |  TUESDAY, 12 MAY 2015
... as lead ombudsman for investments and advice. She will be dealing with disputes involving investments, financial advice, life insurance and superannuation. In a statement the FOS said Smith brings a wealth of experience in the financial planning sector ...
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