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Showing 421 - 430 of 6957 results for "Insurance"

Firms treat CSLR as 'insurance policy': FAAA

KARREN VERGARA  |  MONDAY, 2 DEC 2024
... financial services firms are taking advantage of the Compensation Scheme of Last Resort (CSLR), treating it as an 'insurance policy'. Several CSLR issues were brought to light at the Financial Advice Association Australia (FAAA) Congress last ...

Swan hits back at Bragg: 'That's wrong of you'

ELIZA BAVIN  |  FRIDAY, 29 NOV 2024
... obligations. "We are not the only fund that has a challenge with a third-party provider and has delays in the processing of insurance claims," Swan said. "So, this is also an issue elsewhere in the industry, but in saying that we accept complete accountability ...

Regulators warn of possible issues with FAR reporting

ELIZA BAVIN  |  THURSDAY, 28 NOV 2024
... before it takes effect next year. The FAR commenced for the banking industry on 15 March 2024 and takes effect for the insurance and superannuation industries on 15 March 2025. It imposes a strengthened responsibility and accountability framework on ...

Swan tells Bragg he won't front parliament

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... was already said when Cbus chief executive Kristian Fok fronted the committee. "I understand that Cbus' management of insurance claims is an area of particular interest for the Committee," Swan said. "Our chief executive, Kristian Fok appreciated the ...

ASIC issues new guidance on DBFO reforms

KARREN VERGARA  |  FRIDAY, 22 NOV 2024
... advice to rely on website disclosure information in place of providing an FSG. INFO 292 FAQs: Informed consents for insurance commissions answers questions about the obligation to obtain informed consent before receiving certain insurance commissions ...

AustralianSuper to pay $4.2m for delayed claims handling

ELIZA BAVIN  |  THURSDAY, 21 NOV 2024
... decade. In May 2023, AustralianSuper announced it would be refunding close to $70 million in administration fees and insurance premiums to about 100,000 members whose multiple accounts had gone undetected. The average impacted member was to receive $ ...

ASIC flags 'consistently weak' claims processes

JAMIE WILLIAMSON  |  WEDNESDAY, 20 NOV 2024
... report on times for uninsured claims, despite most death claims within the review relating to members who didn't have insurance at the time of their passing. This meant most of their death benefit claims during the two-year review period weren't reported ...

ClearView's share price tanks 31%

KARREN VERGARA  |  TUESDAY, 19 NOV 2024
... expect to have a material effect on the price or value of its securities given the nature of its business, being life insurance." "The information related to the first quarter claims experience only. Claims volatility occurs from time to time in the ...

Mason Stevens bolsters distribution team

MATTHEW WAI  |  MONDAY, 18 NOV 2024
... growth at Investment Trends for four years. Prior to that, Tunny spent 12 years between NAB and MLC across investment, insurance, and practice development in various senior capacities. Mason Stevens' chief executive Tim Yule said Tunny's appointment ...

Super lobbies call for death benefit reforms

ELIZA BAVIN  |  THURSDAY, 14 NOV 2024
... claims in particular are complex, and usually deal with an untimely death. It is complex by nature because there is the insurance component and super payout," Delahunty said. "When we look at policy changes, to streamline paperwork around death certificates ...