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Showing 291 - 300 of 4468 results for "Case"

CSLR costs driven by poor advice: AFCA

ELIZA BAVIN  |  TUESDAY, 1 APR 2025
The Australian Financial Complaints Authority (AFCA) lead ombudsman, investments and advice Shail Singh has told financial advisers that poor practices are the main contributor to the soaring costs of the Compensation Scheme of Last Resort (CSLR). "It's ...

Life insurers keep breaking their own rules: Report

ANDREW MCKEAN  |  TUESDAY, 1 APR 2025
... error or process failures, insurers should approach the issue holistically, rather than treating incidents as isolated or case-by-case occurrences." When things go awry, insurers most commonly reported providing staff training. This was cited in 6356 ...

Not one trustee tracked end-to-end claims handling times: ASIC

ANDREW MCKEAN  |  MONDAY, 31 MAR 2025
... beneficiaries was often "ineffective and insensitive," reinforcing concerns previously raised by Financial Standard, including a case where Rest was accused of showing "zero compassion" to a family struggling to facilitate an insurance payout for a terminally ...

Jones clarifies scope of new class of adviser

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... advice - on all things financial. "It wasn't what we announced, and it's not what we intend to do. "It's not the case that this person is going to be able to provide full blown advice on all matters retirement that have nothing to do with ...

Insurance in super remains a mystery to millions of Australians

ANDREW MCKEAN  |  FRIDAY, 28 MAR 2025
... (TPD), and income protection insurance could retire with $85,000 - or 14% less - than if they had no insurance. In an extreme case, the retirement income shortfall could be $125,000, or 28%. The Commission, in a 2018 report, concluded that group insurance ...

Tranche 2 of DBFO dumps SOAs, enables 'nudges'

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
The long-awaited Tranche 2 of the Delivering Better Financial Outcomes draft package has been released, switching Statements of Advice for Client Advice Records and clarifying what topics super funds can collectively charge for. However, some elements ...

Resolution Capital to list second active ETF

JAMIE WILLIAMSON  |  FRIDAY, 21 MAR 2025
... when compared to unlisted infrastructure "Given the importance of the underlying assets, we believe there is a compelling case for a portfolio allocation to global listed infrastructure (GLI) - a defensive growth asset class with a history of delivering ...

AFCA opens consultation on financial elder abuse, family violence

KARREN VERGARA  |  WEDNESDAY, 19 MAR 2025
The Australian Financial Complaints Authority (AFCA) has launched two consultations on how it should improve its approach to handling complaints related to financial elder abuse and family violence. AFCA said it seeks to ensure consistency in how it ...

Active Super fined $10.5m for greenwashing

KARREN VERGARA  |  TUESDAY, 18 MAR 2025
... strong message to companies making sustainable investment claims that those claims need to reflect the true position." "This case demonstrates ASIC's commitment to taking on misleading marketing and greenwashing claims made by companies promoting ...

BUSSQ abandons appeal, concedes to licence conditions

ANDREW MCKEAN  |  THURSDAY, 13 MAR 2025
... this, APRA agreed to put the conditions on ice until BUSSQ had its day in court. Justice Derrington threw out BUSSQ's case last month and ordered the fund to cover APRA's costs, however, BUSSQ doubled down, lodging an appeal to challenge his ...