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Showing 361 - 370 of 2421 results for "Claims"

Don't call it a comeback: APRA on IDII

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
... negatively impacts profitability, the regulator explained. "Many insurers aim to match the investments with the expected claims. However, changing credit spreads or differences in duration of liabilities and bonds can result in the two not being perfectly ...

ASIC proceedings name Pendal board member

ANDREW MCKEAN  |  TUESDAY, 13 DEC 2022
... base. Pendal non-executive director and current Star chair Ben Heap has been named in ASIC's case, which also includes claims against former chair John O'Neill, former managing director and chief executive Matthias Bekier, Kathleen Lahey, Richard ...

PPS Mutual unveils new income protection product

CASSANDRA BALDINI  |  TUESDAY, 13 DEC 2022
... outlining expectations of duties and remuneration. "Now with bed confinement benefit as standard and the removal of tapering on claims over age 60 for new applicants, the new IP Select offers greater certainty to members in times of need," PPS added. ...

Life insurer claims under regulator watch

CHLOE WALKER  |  MONDAY, 12 DEC 2022
ASIC has called life insurers to review the accuracy of their systems and controls for claims calculations and payments. This follows theidentification of systems failures in the incorrect applications of consumer price indexations (CPI)'s to life insurance ...

OnePath Life sued over utmost good faith duties breach

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... consumers need to be confident that their insurer will act in good faith and provide procedural fairness when handling their claims. ASIC is seeking declarations and pecuniary penalties. In response, Zurich - which has owned OnePath Life since 2019 - ...

ASIC launches civil action against American Express

CASSANDRA BALDINI  |  TUESDAY, 6 DEC 2022
... that indicated the TMDs were not appropriate and required Amex to review the TMD and stop issuing the credit cards. ASIC claims that despite this, Amex continued to issue the credit cards until July. ASIC deputy chair Sarah Court said the DDO embeds ...

DASS clients pushed to accept paltry recoupment

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
... Australian Financial Complaints Authority (AFCA) confirming that it would continue to make adverse findings in relation to claims of Dixon Advisory clients and because of the costs associated with defending civil proceedings against the company regarding ...

Vanguard cops fine for greenwashing

RACHEL ALEMBAKIS  |  FRIDAY, 2 DEC 2022
... to prevent investment in companies involved in significant tobacco sales." "Greenwashing is not limited to environmental claims but extends to misleading ethical propositions," ASIC deputy chair Sarah Court said. "Entities which seek to promote ethical ...

Advising through disability implications

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... adviser cost conversation in challenging moments. "It's useful for a couple of reasons. I got burnt out by some nasty TPD claims so I learnt from that process." Hayes said the first 10 hours of any claim will be at her expense. "If it goes over 10 ...

We do get it: Levy

CASSANDRA BALDINI  |  FRIDAY, 18 NOV 2022
... around the review panel have been brewing online with some claiming there's been no adviser involved. Levy countered the claims and explained other members of the team have also come out of the private sector in different parts of the financial services ...