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Showing 451 - 460 of 2424 results for "Claims"

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 ...

CBA pleads guilty to selling junk insurance

ANNABELLE DICKSON  |  MONDAY, 1 NOV 2021
... misleading representations to customers that they could make a claim against their insurance policies when some or all of these claims were not available to them. "ASIC has been concerned about the consumer harms associated with add-on insurance for ...

Major legislations hit parliament

KARREN VERGARA  |  FRIDAY, 29 OCT 2021
... Complaints Authority. Federal treasurer Josh Frydenberg wants CSLR to commence as soon as possible so that it can start paying claims from 1 July 2022. The government will initially fund the scheme in the first year but will eventually be fully funded ...

Link names head of insurance

KARREN VERGARA  |  WEDNESDAY, 20 OCT 2021
... funds and drive digitisation efforts. Melbourne-based Angelico returns to Link after three years with TAL as its head of claims for AustralianSuper and Cbus. Prior to this role, he was Link's AustralianSuper insurance manager for over eight years. ...

Actuaries Institute devises director skills checklist

JAMIE WILLIAMSON  |  MONDAY, 18 OCT 2021
... Actuaries Virtual Summit earlier this year during which a panellist stressed that two core capabilities in insurance - claims management and underwriting - are lacking on the boards of major life insurers, likely leading to poor claims experience. "Irrespective ...

EISS Super answers tough questions

ELIZABETH MCARTHUR  |  TUESDAY, 12 OCT 2021
... reporting that EISS held "lavish" parties for staff and "wasted member money" on sponsoring sporting events and charities - claims made by ex-EISS staff. Tighe said in response that the YFYS reforms had introduced some new restrictions on sponsorship ...

ASIC chases $12m from Mayfair

ELIZABETH MCARTHUR  |  THURSDAY, 7 OCT 2021
The regulator claims Mayfair 101 entities should have to pay approximately $12 million in fines for misleading and deceptive conduct, but Mayfair founder James Mawhinney maintains there was no wrongdoing. ASIC is seeking $12 million in penalties from ...

AFA names Great Advice Awards winners

KARREN VERGARA  |  THURSDAY, 30 SEP 2021
... Wales winner was Terry Johnson from Keyman Financial Services based in Parramatta. "Not only has he administered pro bono claims, but he always shows the utmost care to his clients when they need it the most," Nowak said. Gayle McKew from Prosperity ...