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Showing 21 - 30 of 2436 results for "Claims"

Accounting sector rejects shifting CSLR costs to SMSFs

VINNY VUCAGO  |  THURSDAY, 11 JUN 2026
... the funding challenge, arguing managed investment schemes have been largely overlooked despite their role in generating claims. The bodies said the CSLR's sustainability depended on addressing the causes of consumer harm rather than introducing increasingly ...

Trustees lack death benefit claims uplift urgency: ASIC

KARREN VERGARA  |  WEDNESDAY, 10 JUN 2026
Two years since ASIC cracked the whip on superannuation funds to improve death benefit claims handling practices, a follow-up review found very little to no improvements have been made. ASIC's review of 45 trustees found varying degrees of urgency ...

Older Australians drive majority of super complaints: ASIC

RIDDHIMA TALWANI  |  THURSDAY, 4 JUN 2026
... highest reason super funds provided remediation at $2.9 million. The major issue in this category was that of delay in claims handling resulting in $1.9 million in remediation.

Munro expands access to climate focused fund

VINNY VUCAGO  |  THURSDAY, 4 JUN 2026
... to energy transition and climate related investment opportunities, despite growing scrutiny around sustainable investing claims globally. Munro Partners' Climate Leaders strategy seeks to identify companies expected to either enable or benefit from ...

Super funds push back on CSLR: SMC

VINNY VUCAGO  |  TUESDAY, 2 JUN 2026
... Misha Schubert said. The submission comes as the CSLR faces mounting pressures from growing numbers of unpaid compensation claims linked to failed financial schemes. SMC noted the collapse of a single advice firm had already exceeded several years of ...

Old settings for TPD 'no longer fit': APRA

RIDDHIMA TALWANI  |  THURSDAY, 28 MAY 2026
... said total and permanent disability insurance (TPD) in its current form is being tested by the sharp rise in mental health claims. Speaking at the All Actuaries Summit 2026, Magill called this a structural shift with TPD being asked to solve an issue ...

ASIC, APRA target insurers' TPD product sustainability

KARREN VERGARA  |  MONDAY, 25 MAY 2026
... Life Insurers (CALI), discussed several issues facing TPD insurance. Participants overwhelmingly agreed on deteriorating claims experience across group and retail markets, the rising incidence and complexity of mental health-related claims and consumers ...

ASIC backs Australia's fintech edge as AI reshapes financial services

VINNY VUCAGO  |  FRIDAY, 22 MAY 2026
... innovation is reshaping global financial markets, with AI now being integrated into functions including credit underwriting, claims processing, portfolio management and disclosure. ASIC chair Joe Longo said Australia's financial system had a long history ...

Super funds get ahead of proposed minimum service standards: KPMG

KARREN VERGARA  |  TUESDAY, 19 MAY 2026
... to step up and force the timely and compassionate handling of death benefits, fair and efficient processing of insurance claims, and clear, respectful and accessible communications with members. The government also expects them to have better documentation ...

Rest faces scrutiny over alleged super reporting error

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
Rest has come under scrutiny following claims it incorrectly reported superannuation contributions to the Australian Taxation Office for an individual who was never a member of the fund. The issue was raised publicly by financial planner Matt Marsh ...