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Showing 21 - 30 of 96 results for "Claimants"

AFCA finds more Dixon Advisory victims

KARREN VERGARA  |  FRIDAY, 10 MAY 2024
... spiralling costs," she said. The CSLR opened its doors on April 2, estimating that it was ready to compensate about 2000 claimants at the time. The financial advice industry will be forced to pay $18.5 million to fund the CSLR in the first year of operation. ...

CSLR kicks off, 2k await compensation

KARREN VERGARA  |  TUESDAY, 2 APR 2024
The Compensation Scheme of Last Resort (CSLR) today opened its doors, ready to compensate about 2000 claimants who have long waited for redress. Inaugural CSLR chief executive David Berry told a media briefing: "We look forward to supporting a number ...

Overhaul of TPD structure, pricing needed: MLC Life

CHLOE WALKER  |  WEDNESDAY, 6 MAR 2024
... respondents said they would claim or even consider it, even if they thought they would recover. However, when told that all claimants returning to work ultimately increases the cost of TPD premiums for all customers, women were less likely to see the ...

Super funds convene with assistant treasurer

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... profit-to-member funds determined to lead the way." In cases involving complex claims - such as those with multiple death benefit claimants, individuals with complex relationship histories, or instances where no clear binding death nominations exist ...

Investing in research generates threefold economic output

ROSE MARY PETRASS  |  THURSDAY, 7 SEP 2023
... amounts. For instance the cost of the R&D Tax Incentive is often measured as the cost of the tax benefit received by claimants plus the cost of administration (by both claimants and the agencies that administer it)," she said. "However this cost doesn't ...

Poor policy administration sees MLC Life pay $22m

JAMIE WILLIAMSON  |  FRIDAY, 19 MAY 2023
... contained a term under which the insurer promised to pay a 'Rehabilitation Bonus Benefit' where eligible. As such, 119 claimants undertook approved rehabilitation programs following an injury or disability while believing they were eligible for the benefit ...

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 ...

Link Fund Solutions hit with further legal action

JAMIE WILLIAMSON  |  TUESDAY, 17 JAN 2023
... 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 claimants are represented by the firms. ...

Insurers are 'fishing' for non-disclosures: ASIC

ANDREW MCKEAN  |  FRIDAY, 2 SEP 2022
... time if an individual can't work because of an illness or injury. Insurers use non-disclosure investigations to confirm claimants provided the required information about their medical history when they applied for their policy. In limited circumstances ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
... violence policy on their website. Also of note is new provisions around timeframes as they pertain to a claim to ensure claimants are paid promptly. This includes income-related decisions within two months, lump sum decisions being made within six months ...