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Showing 351 - 360 of 935 results for "Compensation"

COVID-19 to push life premiums up: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 8 APR 2020
... pointing to studies which show unemployment and disability claim rates are directly correlated. "In addition, workers compensation claims in Australia are also closely correlated to unemployment," the firm said. "This arises from elevated stress around ...

Court confirms Storm Financial founders breached duties

JAMIE WILLIAMSON  |  FRIDAY, 27 MAR 2020
... the Storm Financial collapse is now at an end." So far, Storm Financial clients have received about $168 million in compensation from Commonwealth Bank, $82.5 million in compensation from Macquarie Bank as part of a related class action, and $17 million ...

Positives from the pandemic for advisers

ELIZABETH MCARTHUR  |  TUESDAY, 24 MAR 2020
... following events look promising," Johnson said. The AIOFP is positive about Treasury's request for market views on the Compensation Scheme of Last Resort because submissions and commentary are acknowledging that advice and product failures are separate. ...

Call for pause on default insurance changes

HARRISON WORLEY  |  FRIDAY, 20 MAR 2020
... casual roles in hospitality, retail and tourism, and may need to access income protection or make a workers' compensation claim if they find themselves out of work for weeks at a time if they contract the virus." Gambera pointed out those with existing ...

Life insurers breach own code consistently

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 MAR 2020
... the Code relate to delays in the processing of consumers' claims, the insurers should take immediate action to pay compensation, including penalty interest." The LCCC identified systematic issues which caused the delays in claims processing at insurers. ...

Hollywood actor charged by SEC

ELIZA BAVIN  |  FRIDAY, 28 FEB 2020
... individual who promotes a virtual token or coin that is a security must disclose the nature, scope, and amount of compensation received in exchange for the promotion." Kristina Littman, chief of the SEC enforcement division's cyber unit said investors ...

Wells Fargo coughs up $4.5 billion

ALLY SELBY  |  MONDAY, 24 FEB 2020
... leadership of this Company," he said. "Over the past three years, we've made fundamental changes to our business model, compensation programs, leadership and governance. "While today's announcement is a significant step in bringing this chapter to a ...

Blockchain startup raises $68m, ordered to return funds

ALLY SELBY  |  FRIDAY, 21 FEB 2020
... $500,000 penalty. The SEC's Boston associate director for enforcement, John Dugan, said the settlement will provide compensation to wronged investors. "All investors are entitled to receive certain information from issuers in connection with a securities ...

FSC calls for CSLR claims cap

ALLY SELBY  |  FRIDAY, 14 FEB 2020
The Financial Services Council (FSC) has called for the government to cap compensation claims over financial misconduct at "reasonable levels" so as not to create a "moral hazard". In a submission to the Treasury's Compensation Scheme of Last Resort ...

Compensation bill hits $750m

ELIZA BAVIN  |  WEDNESDAY, 12 FEB 2020
... Australia's largest banking and financial services institutions have so far paid, or offered, a total of $749.7 million in compensation to customers, according to new data released by ASIC. The regulator said AMP, ANZ, CBA, Macquarie, NAB and Westpac ...