Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 341 - 350 of 2418 results for "Claims"

Wealth managers bracing for compensation claims

CASSANDRA BALDINI  |  WEDNESDAY, 15 MAR 2023
A rise in compensation claims from clients is expected over failure to understand risk suitability and will lead to tougher regulation, research suggests. New research from Oxford Risk revealed 58% of wealth managers, who collectively manage assets ...

Claimants tend to be younger women: Research

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
New life insurance research shows that women who make cancer-related claims tend to be younger than men. A MetLife study found that females making cancer-related claims in the areas of death, income protection, terminal illness, TPD and trauma are younger ...

QAR does not "trash" FoFA: Anderson

CASSANDRA BALDINI  |  TUESDAY, 7 MAR 2023
... opportunities and highlighted a "serious risk" of pushback from political and consumer groups. Anderson explained this is due to claims about the QAR "trashing" some of the key FoFA reforms. "We should focus our advocacy attention on achieving a package ...

Expect more greenwashing action: ASIC

RACHEL ALEMBAKIS  |  FRIDAY, 3 MAR 2023
... and engaged in conduct that could mislead the public, but Longo noted that greenwashing is "not just about environmental claims." "It also includes statements about the extent to which products are sustainable or ethical," he said. "For example, last ...

Chalmers' promise to end super wars foiled by criticism

ANDREW MCKEAN  |  THURSDAY, 2 MAR 2023
... proposed changes, Taylor also dismissed the notion that only a limited number of people would be affected, stating such claims are "absolute baloney." "Inflation is running hot, and the threshold is not indexed," he said. "We'll very quickly see ...

Mercer embroiled in greenwashing allegations

KARREN VERGARA  |  TUESDAY, 28 FEB 2023
... that comes the growing risk of misleading marketing and greenwashing. If financial products make sustainable investment claims to investors and potential investors, they need to reflect the true position. If investments in certain industries like fossil ...

Centrepoint Alliance scoping for scale

JAMIE WILLIAMSON  |  FRIDAY, 24 FEB 2023
... identify potential targets. "When considering potential licensee acquisition targets our focus is on adviser quality, low claims risk, comparable fee structures, realisable synergies, and cultural alignment," Centrepoint said. The firm said it is also ...

Victim access to super should be extended: Associations

JAMIE WILLIAMSON  |  TUESDAY, 21 FEB 2023
... abuse offenders deliberately hiding millions of dollars' worth of assets in superannuation accounts to defeat compensation claims." They said the reality is that only a small number of superannuation accounts have balances of this size, adding that contribution ...

Super, advice class actions dampen CBA results

KARREN VERGARA  |  WEDNESDAY, 15 FEB 2023
... on terms that were less favourable to members than would have reasonably been available in the market. The lawsuit also claims that CMLA was knowingly involved in CFSIL's contraventions as trustee and as such profited from them. The bank is also busy ...

All financial advice should be tax deductible: FPA

CASSANDRA BALDINI  |  FRIDAY, 3 FEB 2023
... proposed CSLR that it believes will assist the issue. One would be to "ensure the costs of establishment and any legacy claims relating to the proposed CSLR should be borne by the government." It also suggested: "The costs associated with the administration ...