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Showing 301 - 310 of 2418 results for "Claims"

AMP settles class action for $110m

KARREN VERGARA  |  MONDAY, 21 AUG 2023
... a class action relating to fee for no service scandals and misleading regulators as exposed by the Royal Commission but claims no responsibility in settling for $110 million. The class action filed in June 2018, affected AMP shareholders whose share ...

Active Super to face action over greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 11 AUG 2023
ASIC has filed a suit against Active Super over greenwashing claims, alleging, among other charges, that the super fund was invested in Russian assets after the invasion of Ukraine while purporting otherwise to members. The markets regulator has commenced ...

Industry fund cuts insurance costs

ANDREW MCKEAN  |  WEDNESDAY, 9 AUG 2023
... income protection cover. First Super reduced the weekly cost of its default insurance cover, prompted by fewer than expected claims in previous years. For death and TPD insurance, members engaged in blue-collar or manual work will experience a weekly ...

Are indexes the next target for greenwashing investigations?

RACHEL ALEMBAKIS  |  TUESDAY, 8 AUG 2023
... indexes as part of fund construction. "The ACCC have recently released draft guidelines on environmental and sustainability claims," Higgins noted. "One of the many issues called out is use of 'third party certifications' as a way of substantiating ...

eToro sued by ASIC

ANDREW MCKEAN  |  THURSDAY, 3 AUG 2023
... product was far too broad for such a high-risk and volatile trading product where most clients lose money. The regulator also claims that the screening test was wholly inadequate to assess whether a retail client was likely to be within the target market. ...

Advisers lacking PII sidestep AFCA rulings

KARREN VERGARA  |  FRIDAY, 28 JUL 2023
... improvement, he said, adding that weeding out poor advice business models has also helped. Scams, financial difficulty claims on the rise The number of complaints that arose from the superannuation sector soared 31% to 6957. A large chunk of the complaints ...

Insurance firms defy inflationary shocks

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2023
... are also experiencing a high level of natural disasters, both in Australia and in markets like the US, which pushes up claims inflation, reinsurance rates and ultimately insurance premiums." Further, McLean said a higher interest rate environment means ...

ClearView strengthens leadership team

KARREN VERGARA  |  MONDAY, 17 JUL 2023
... operations, product and pricing, and technology. Joanne Faglioni, who originally joined ClearView in late 2021 as chief claims officer, has been promoted to group executive of operations. Faglioni is now responsible for overseeing and driving improvements ...

Does ESG have a fiduciary issue?

ROSE MARY PETRASS  |  MONDAY, 17 JUL 2023
... a risk at this stage," Yovanka Bylander, head of sustainability at TimesSquare Capital Management, said. In response to claims that ESG was confusing or unspecific, Bylander said the acronym simply means "extra special good". ESG investing is a holistic ...

ACCC publishes draft guidance on greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 14 JUL 2023
... recent greenwashing internet sweep, which found 57% of businesses reviewed were making potentially misleading environmental claims. "As consumers become more environmentally conscious, businesses need to be honest and transparent when making environmental ...