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Showing 371 - 380 of 935 results for "Compensation"

Mental health costs insurers $750m per year

ELIZA BAVIN  |  FRIDAY, 22 NOV 2019
... to talk about and seek help earlier. "What that has translating to is an increase in the number of claims; workers compensation as well as life insurers are both experiencing an up-tick in the number of mental illness related claims." SuperFriends' Indicators ...

Chief executive banned for paying wife

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... Insurance Association and paid his wife more than £200,000 ($380,000) of his own salary. He claimed the payments were compensation for some administrative tasks his wife had done. For the first several years of the scheme, Forsyth paid his wife between ...

Total Financial Solutions to shutter next year

ELIZA BAVIN  |  TUESDAY, 19 NOV 2019
... there is currently one client remediation matter under investigation but said it is unlikely this will result in compensation being paid.

Hume blasts super merger laggards

HARRISON WORLEY  |  FRIDAY, 15 NOV 2019
... being unwilling to absorb the tainted assets of another, union and employer groups halting mergers until they receive compensation, arguments over board composition and directors fearing for their own jobs. Hume went on to bust those myths, before slamming ...

Advice practices urged to contact ombudsman

ELIZABETH MCARTHUR  |  WEDNESDAY, 6 NOV 2019
... that may include the conduct of lookback audits, financial planning licensors shifting responsibility for client compensation payments to licensees, short notice periods provided to licensees exiting the business and restraint of trade provisions," Carnell ...

AFCA delivers $185m in compensation

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
The Australian Financial Complaints Authority has delivered $185 million in compensation to consumers in its first year of operation. AFCA received a 40% uptick in complaints compared to previous complaints schemes. About 77% of complaints lodged have ...

Adviser tampered with MySuper

ELIZABETH MCARTHUR  |  FRIDAY, 1 NOV 2019
... scheme and Tran's conduct effectively required clients to opt-out, ASIC said. His actions resulted in a $366,000 compensation bill for Aon Hewitt Financial Advice. "Of the minority of clients who responded to Aon Hewitt, most indicated they now wished ...

AMP contests senior lawyer's claims

KANIKA SOOD  |  TUESDAY, 29 OCT 2019
... fee-for-no-services escalation and could be "verbose and dominant" in conversations, AMP says in its defence to her claim seeking compensation for unfair dismissal. The senior lawyer dragged her former employer to Federal Court last Tuesday, seeking ...

Westpac takes $1 billion profit hit

ELIZA BAVIN  |  THURSDAY, 24 OCT 2019
Westpac's customer compensation bill has added $341 million in the second half of 2019, bringing the remediation total to $958 million for the year. Westpac chief executive Brian Hartzer said: ""A key priority in 2019 has been to deal with outstanding ...

ASIC using intimidation tactics on grandfathering: AIOFP

ELIZABETH MCARTHUR  |  WEDNESDAY, 16 OCT 2019
... can shut down grandfathered revenue under the constitution unless it's under just terms -in other words, with compensation." Johnston accused ASIC of using intimidation tactics to get grandfathered commissions turned off early by product providers. ...