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Showing 481 - 490 of 1006 results for "Death"

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
... customer, including bonus payments heavily focused on value or volume of sales, the regulator said. Sales of accidental death insurance were particularly problematic, ASIC said. This included instances where consumers were 'downgraded' to accidental ...

Retail super funds in hot water: Royal Commission

KARREN VERGARA  |  MONDAY, 27 AUG 2018
... role and a disregard for the gravity of the events in question; NAB continuing to deduct adviser service fees following the death of a member via licensees MLC Investments and Navigator Australia. It may have breached sections 912A(1)(a) and 912A(1)(c) ...

Financial abuse: A hidden epidemic

JAMIE WILLIAMSON  |  MONDAY, 6 AUG 2018
... gives people choices and, especially for those in violent relationships, can literally mean the difference between life and death." About 16% of Australian women will experience financial abuse in their lifetime, ranging from controlling or restricting ...

MLC refunds $67m in advice fees

KARREN VERGARA  |  FRIDAY, 27 JUL 2018
... multiple products were transferred to MKPS and MKBS Super, ASIC said at the time. Other issues involved changes made to death and total and permanent disablement insurance in both products. NULIS is due to appear before the Royal Commission, scheduled ...

Best in show should not dampen competition: Bowen

KANIKA SOOD  |  WEDNESDAY, 25 JUL 2018
... inquiry look at all the elements including what protections are in place for young workers in higher-risk occupations for whom death and disability cover is not something to be lightly dismissed," he said. "There is clearly a balance with all this - ...

Super under microscope at Royal Commission

DARREN SNYDER  |  MONDAY, 23 JUL 2018
... accessing super; identification issues; conditions of early release; and the difficulties associated with the release of death benefits. In an update on Monday, the Royal Commission listed the companies and entities that will appear, including: AMP Super ...

Soaring funeral costs require adviser airtime

KARREN VERGARA  |  MONDAY, 16 JUL 2018
... about $7449. Hacker said it does depend on the location in Sydney and the costs of different plots of land do vary. The death and funeral conversations do take place with clients, and she typically advises either a funeral bond or a prepaid funeral. ...

Financial services employees face ongoing stress at work

HARRISON WORLEY  |  WEDNESDAY, 11 JUL 2018
... often engaging with members and customers during some really tough moments in their lives, such as redundancy, illness, death or major life changes like retirement," Lydon said. "All of these moments require staff to be empathetic, supportive as well ...

Disability income insurance an ongoing concern: APRA

KARREN VERGARA  |  TUESDAY, 10 JUL 2018
... reinsurers often rely on cross-subsidisation, APRA said, meaning DII is subsidised by other business lines, such as lump sum death and total permanent disability insurance. "The reinsurers have indicated they would like to reduce cross-subsidies as much ...

Super funds countdown to Royal Commission

KARREN VERGARA  |  MONDAY, 9 JUL 2018
... will also look at identification issues, conditions of early release and the difficulties associated with the release of death benefits. As a financial counsellor for Anglicare in the Northern Territory, Philip Bowden told the Commission that 80% of ...