Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 401 - 410 of 2421 results for "Claims"

Neobank Volt closes its doors

CASSANDRA BALDINI  |  WEDNESDAY, 29 JUN 2022
... deposits held with Volt remain safe and are guaranteed by the government up to $250,000 per account holder under the financial claims scheme. Volt said it has taken steps to reduce all expenses and staff numbers, other than those required to support ...

AMP completes Resolution Life divestment

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
... will continue to lead by example like we have in lifting professional standards for the industry, using AI technology for claims assessment and being one of the first life insurers in Australasia to establish a cloud only strategy which we are in the ...

RBA spotlights inflation risk of higher wages

ANDREW MCKEAN  |  WEDNESDAY, 22 JUN 2022
... could result in an ascension of inflationary expectations. Despite these concerns, ACTU secretary Sally McManus said: "Wage claims are always considered in the context of cost of living increases and broader economic conditions, but with profits at record ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
... new consumer protections. Protections have been added in several areas, including selling, underwriting, mental health, claims, and dealing with vulnerable customers. Notably, the new Code introduces a ban on blanket mental health exclusions in new contracts. ...

Squirrel Super to pay over false property claims

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
More than 18 months after legal action was launched, Squirrel Super will pay $55,000 for claims made in marketing materials about investing in residential property. The SMSF administrator was found by the Federal Court to have distributed a brochure ...

Resolution Life builds out Australasian leadership

JAMIE WILLIAMSON  |  TUESDAY, 21 JUN 2022
... role since the end of 2021. The role is responsible for the design and implementation of strategic customer offerings, claims management and operational performance. He was previously chief human resources officer and chief of staff and joined the business ...

Active Super kickstarts reward program

ANDREW MCKEAN  |  TUESDAY, 21 JUN 2022
... while super fund loyalty shopping programs have had mixed success over the years, this one operated by Loyalty Boomerang claims that when consumers who link their credit cards to its offers, sales to these consumers can potentially increase for retailers ...

ASIC helps issuers avoid greenwashing

CASSANDRA BALDINI  |  TUESDAY, 14 JUN 2022
... Hughes added the area remains a primary focus. "ASIC is continuing to monitor the market and will be looking for misleading claims about ESG and sustainability," he said. "We are also appealing to industry and investors to alert us if you see suspected ...

ASFA, Deloitte recommend group insurance changes

ANDREW MCKEAN  |  FRIDAY, 3 JUN 2022
... the superannuation system's objectives. The report says that insurance in super has a relatively high admission rate on claims, has a high average payout ratio and is a tax-effective method to access insurance for death and total permanent disability. ...

DWS chief resigns amid greenwashing claims

JAMIE WILLIAMSON  |  THURSDAY, 2 JUN 2022
The chief executive of DWS Group is leaving the group next week, having resigned citing the ongoing allegations of greenwashing by the investment giant. DWS announced overnight that Asoka Woehrmann has decided to resign following the company's annual ...