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Showing 21 - 30 of 100 results for "Claimants"

ASIC sues Cbus over insurance claim delays: 'We're sorry'

ELIZA BAVIN  |  TUESDAY, 12 NOV 2024
... impacted members is closer to 10,000 - more than 50% of all the claims Cbus was dealing with in late 2022 - and that some claimants were left waiting more than 12 months for a payout. Financial Standard is aware that Cbus has finalised more than 6000 ...

CSLR warns adviser levy will balloon

KARREN VERGARA  |  FRIDAY, 25 OCT 2024
... $18.5 million to cover the period of 1 July 2024 to 30 June 2025. The scheme opened its doors in April. It has paid 91 claimants about $9.1 million in compensation during the first five months of operation. The total levy estimate, which was calculated ...

AFCA caps Dixon claimants at 2773

KARREN VERGARA  |  FRIDAY, 12 JUL 2024
Total compensation for Dixon Advisory victims has reached $338.6 million as the Australian Financial Complaints Authority (AFCA) caps the total number of complainants at 2773. The Financial Advice Association Australia (FAAA) calculates that the financial ...

AIA Australia releases new member insurance portal

ANDREW MCKEAN  |  MONDAY, 1 JUL 2024
... member insurance portal is part of the company's digital strategy and reflective of its dedication to supporting claimants during their most vulnerable times. "We acknowledge the pivotal role insurers play in providing solutions that give members ...

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 ...