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Showing 31 - 40 of 2182 results for "Claims"

ASIC to tighten grip on super fund misdemeanours

ANDREW MCKEAN  |  FRIDAY, 2 FEB 2024
... in the superannuation system is likely to be undermined; nowhere is this more evident than in relation to death benefit claims handling. "We are aware of a significant increase in complaints to the Australian Financial Complaints Authority about extreme ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
... pledge full divestment of Russian assets. Active Super, on the other hand, landed in hot water last year for greenwashing claims, allegedly telling members it divested its Russian investments when it did not do so. Today, the International Court of Justice ...

TAL appoints chief claims officer

KARREN VERGARA  |  MONDAY, 22 JAN 2024
TAL announced that a former Westpac executive will join the insurer as its new chief claims officer. On March 1, Georgina Croft will take the post. She was most recently the chief customer services officer at BT Financial Group, a role she held for ...

Penta Capital fined for fabricated FUM

KARREN VERGARA  |  MONDAY, 22 JAN 2024
ASIC has fined a firm for making several false statements that included claims it managed nearly $7 billion in assets when it does not. Queensland-based Penta Capital boasted on its website between May 2022 and February 2023 that it managed $6.9 billion ...

AMP names new group insurer

KARREN VERGARA  |  MONDAY, 22 JAN 2024
... the introduction of digital capability that will empower them with access to online quote calculators, underwriting, and claims lodgement and tracking. "We also expect to improve member engagement through TAL's health and wellbeing program promoting ...

Ethical ETF assets surge in 2023: Analysis

RACHEL ALEMBAKIS  |  MONDAY, 22 JAN 2024
... advisers become more astute, we expect they will increasingly differentiate on the credibility of responsible investment claims when it comes to allocations to ethical and responsible investment options." According to the third 2023 Responsible Investing ...

Former UniSuper chief appointed to CSLR board

ANDREW MCKEAN  |  TUESDAY, 16 JAN 2024
... CSLR's commencement. "His significant actuarial expertise will greatly assist the board in its role determining estimates of claims, fees, and costs for annual levies." As announced last month, accompanying O'Sullivan on the CSLR board is AFCA's Delia ...

Investors livid over fresh portfolio valuation: Mayfair 101

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JAN 2024
... 101 has long held that ASIC's investigation into the group and its managing director James Mawhinney was unfounded and claims the speed at which it was carried out is suspicious. "Mayfair's investment in Mission Beach and Dunk Island was a nationally ...

CSLR estimates $241m to fund backlog of complaints

JAMIE WILLIAMSON  |  TUESDAY, 9 JAN 2024
The board of the Compensation Scheme of Last Resort (CSLR) estimates $241 million will be needed to fund claims lodged with the Australian Financial Complaints Authority (AFCA) between November 2018 and September 2022. The CSLR is set to begin receiving ...

Zurich cleared by Federal Court in life insurance dispute

ANDREW MCKEAN  |  MONDAY, 8 JAN 2024
... dispute or appeal the decision to avoid the policy. Nevertheless, Federal Court Justice Jackman dismissed all of ASIC's claims in a decisive ruling on 21 December 2023, exonerating Zurich of the alleged breaches. Post-verdict, ASIC deputy chair Sarah ...