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Showing 351 - 360 of 2421 results for "Claims"

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 ...

ACCC blitzes social media influencers

ANDREW MCKEAN  |  MONDAY, 30 JAN 2023
... treasurer and minister for financial services Stephen Jones, who emphasised the importance of protecting consumers from false claims and deceitful sales tactics. "Commercial arrangements need to be disclosed when influencers recommend a product so consumers ...

Sequoia FG revises profit expectations

JAMIE WILLIAMSON  |  MONDAY, 23 JAN 2023
... budget because of one-off issues. Within its licensee services division, the group has seen a delay in the recovery of claims cost repatriation of more than $2 million along with increased costs to service financial advisers. This was related to a 2019 ...

Treasury working on QAR, super tax concessions

CASSANDRA BALDINI  |  THURSDAY, 19 JAN 2023
... concerns. Following an article published in the Australian Financial Review earlier today, the spokesperson also refuted claims new super regulations will be introduced, scrapping tax concessions for people with more than $5 million. Financial Standard ...

Link Fund Solutions hit with further legal action

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
... action after it and another firm, Harcus Parker, had applications for a Group Litigation Order regarding their respective claims dismissed in December. Claimants represented by the firms were then told to serve any claims by January 18. About 20,000 ...

JPMorgan says fintech was a fraud, closes business

JAMIE WILLIAMSON  |  MONDAY, 16 JAN 2023
... now suing Javice, saying it has discovered about four million customer accounts were fake. In court documents, the bank claims Javice paid a data scientist to use "synthetic data" techniques to create a list of 4.265 million "students" that did not exist. ...

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
The Financial Services Council (FSC) has released an enforceable standard for handling group life insurance claims in superannuation. The FSC's new standard replaces existing voluntary guidance and sets a minimum level of service that consumers can ...

ASIC takes action against more greenwashing

RACHEL ALEMBAKIS  |  TUESDAY, 10 JAN 2023
... and ethical investing, including via their superannuation, ASIC wants to make sure funds have the evidence to back their claims and are not promising exclusions that they can't guarantee." ASIC also announced that listed energy company Black Mountain ...