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Showing 441 - 450 of 2421 results for "Claims"

Industry fund cuts premiums

ELIZABETH MCARTHUR  |  MONDAY, 29 NOV 2021
... applied from 1 December 2021. In line with a shift across the industry, REI Super has also changed the way it assesses TPD claims - moving from Activities of Daily Living to the more progressive Activities of Daily Working. Activities of Daily Living ...

COVID-19 relief for SMSFs may require specialist input

CHLOE WALKER  |  MONDAY, 22 NOV 2021
... "Remember, too, the importance of having all the necessary documentary evidence to provide an auditor to support any relief claims made and to ensure there are no breaches of the ATO's rules."

MLC to face court over insurance failures

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
... to fully refund premiums to 260,888 customers who had cancelled their policies or paid out their loans, ASIC said. "ASIC claims that MLC failed to implement appropriate systems and controls to administer its insurance policies during the Relevant Period. ...

ASIC files contempt application against Mawhinney

ELIZABETH MCARTHUR  |  TUESDAY, 16 NOV 2021
... stopping Mawhinney from promoting products. In March, the Federal Court found Mawhinney and Mayfair 101 had made misleading claims about its debenture products. In June, after his April banning, Mawhinney issued a statement to media saying that Mayfair ...

Carlyle Group bids for Link

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... Link Fund Solutions acted as the fund's authorised corporate director, overseeing it on behalf of investors. Leigh Day claims that Link was in breach of Financial Conduct Authority rules in the way it managed and monitored the fund, which ultimately ...

ASIC shuts down unlicensed investment scheme

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... help them invest their SMSFs and then loan that money to A One Multi and earn annual investment returns of over 20%. ASIC claims that between 1 January 2019 to 30 June 2021, more than 60 consumers deposited about $25 million into A One Multi's accounts. ...

E&P Financial Group hit with class action

KARREN VERGARA  |  THURSDAY, 4 NOV 2021
... bad advice to retail clients who invested in its ASX-listed US Masters Residential Property Fund (URF). Piper Alderman claims that DASS representatives failed to act in the best interests of investors and put themselves first to "improperly use their ...

Australia Post Super Scheme cuts premiums by 10%

ELIZABETH MCARTHUR  |  THURSDAY, 4 NOV 2021
... to investments, strategic asset allocations and group insurance. The fund's group insurer MetLife found fewer insurance claims than anticipated had been made by APSS members, resulting in the fund reducing premiums by 10%. The reduction is for APSS spouse ...

ASIC sues timeshare company

KARREN VERGARA  |  WEDNESDAY, 3 NOV 2021
... representatives promoting the Ultiqa Lifestyle Scheme did not meet consumers' best interests and circumstances. ASIC claims that some consumers did not seek advice regarding the scheme, and some were not aware they were receiving financial advice. ...

AMP officially exits life market

ELIZABETH MCARTHUR  |  WEDNESDAY, 3 NOV 2021
... AMP had to pay Resolution Life $141 million as part of the divestment agreement, due to post-completion adjustments and claims between the parties which were not specified. AMP had partly provisioned for these adjustments and claims but record a one-off ...