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Showing 421 - 430 of 2445 results for "Claims"

Draft changes to super disclosure rules

ANDREW MCKEAN  |  MONDAY, 18 JUL 2022
... should reduce the risk of inaccuracy and inconsistency across the industry." Hooper continued: "This appears to address claims, made over the years, that certain funds channel money to certain political organisations." "The new requirements may actually ...

Celsius latest casualty in crypto crash

CASSANDRA BALDINI  |  FRIDAY, 15 JUL 2022
... during the restructuring process. Celsius is not requesting authority to allow customer withdrawals at this time and said claims will be addressed through the Chapter 11 process. Members of the special committee of the board of directors said: "Today's ...

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... recommendations related to adviser remuneration, including banning life insurance commissions and asset-based fees. Choice claims that life insurance commissions "create a perverse incentive for advisers to sell life insurance to people that are not ...

Natalie Cameron named AFCA lead ombudsman

ANDREW MCKEAN  |  THURSDAY, 7 JUL 2022
... appointment, effective immediately. Prior to joining AFCA in June 2020, Cameron was employed at MLC Life, firstly as chief claims officer and then later as chief operating officer working with advisers, corporate, and superannuation clients and regulators. ...

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 ...