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Showing 301 - 310 of 2439 results for "Claims"

ASIC forced to pay James Mawhinney's legal costs

JAMIE WILLIAMSON  |  TUESDAY, 28 NOV 2023
... of the "legally correct case" it was now bringing. On October 25, the Federal Court rejected the bid, saying the fresh claims would place Mawhinney in "significantly greater jeopardy." ASIC must now pay all costs incurred by Mawhinney between 30 May ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... 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. Around the time of the alleged misconduct, the firm, led by former chief executive ...

E&P settles class action for $16m

KARREN VERGARA  |  WEDNESDAY, 15 NOV 2023
... settlement payment of no less than $16 million settlement sum), inclusive of legal costs in full, in final settlement of the claims of the lead applicant and group members." If the settlement is approved by the Federal Court, E&P said the class action ...

ASIC charges HESTA for misleading marketing

ANDREW MCKEAN  |  FRIDAY, 10 NOV 2023
... performance figures about one of its investment options. The industry fund subsequently incurred a $48,600 fine for its claims regarding its Balanced Growth investment option, which boasted a 10-year performance track record without proper disclosure ...

Fears grow around greenwashing litigation protections

ROSE MARY PETRASS  |  WEDNESDAY, 8 NOV 2023
... Treasury consultation paper states that companies "will be afforded protection from false or misleading representation claims from private litigants" for the first three years, during which time only the regulator would have the power to take action. ...

ASIC's pursuit of Mayfair 101 founder faces setback

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2023
... expanded case against Mayfair 101's James Mawhinney was rejected by the Federal Court yesterday, with the judge saying fresh claims brought by ASIC would place Mawhinney in "significantly greater jeopardy." Having seen Mawhinney's initial 20-year ban ...

Life insurance complaints drop 24%

KARREN VERGARA  |  WEDNESDAY, 25 OCT 2023
... life insurance complaints may have declined 24% in the 2023 financial year, but policyholders continue to complain about claims-handling delays and insurers peddling misleading information. According to the Australian Financial Complaints Authority (AFCA) ...

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... Australia's life insurance industry. Cummings observed that the reduced profitability of risk products was impacted by a rise in claims and the lack of one-off items like COVID-19 reserve releases, while the profits of non-risk products surged due to ...

The Voice is not at the expense of the economy: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 13 OCT 2023
Treasurer Jim Chalmers has refuted claims that the government's push to incorporate a Voice to Parliament has come at the expense of the economy. Tomorrow, millions of Australians will hit the polls and decide if a First Nations' Voice to Parliament ...

TAL makes leadership changes

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2023
... its executive lineup, seeing new leaders for the group life and retirement, individual life, and technology units. Chief claims officer Jenny Oliver is now the chief executive of group life and retirement. She is responsible for leading TAL's partnerships ...