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Showing 31 - 40 of 44 results for %22FSC Life Insurance Code of Practice%22

Insurance in super must be maintained: AIA

JAMIE WILLIAMSON  |  WEDNESDAY, 21 DEC 2016
... insurance. Chaired by Jim Minto, the ISWG is comprised of a governance board and a technical working group made up of ASFA, the FSC, Industry Super Australia, AIST and IFF, and also representatives from a range of super funds and insurance providers. ...

New life insurance standards for super

KERRIE SYDEE  |  THURSDAY, 3 NOV 2016
... Superannuation Trustees (AIST), the Association of Superannuation Funds of Australia (ASFA), the Financial Services Council (FSC), the Industry Funds Forum (IFF) and Industry Super Australia (ISA). The combined group will include representatives from ...

New life code could go further: lawyer

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2016
... serious systemic problems in the industry. Several life insurers welcomed the Code issued by the Financial Services Council (FSC) yesterday, but Slater and Gordon said its misses the mark. National practice group leader of Slater and Gordon's insurance ...

Life Insurance Code targets self-regulation

MARK SMITH  |  TUESDAY, 11 OCT 2016
... set of standards laid out in an industry-wide Life Insurance Code of Practice produced by the Financial Services Council (FSC). The new code, released today, goes beyond what is required by law, mandating FSC members to improve disclosure to customers ...

Industry bodies united on group insurance

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2016
... Superannuation Funds of Australia (ASFA), the Australian Institute of Superannuation Trustees (AIST), the Financial Services Council (FSC), the Industry Funds Forum (IFF) and Industry Super Australia (ISA), have released a statement of intent outlining ...

Life insurance code needs clarity: FPA

KERRIE SYDEE  |  THURSDAY, 22 SEP 2016
... Planning Association (FPA) has called for greater clarity around the overarching purpose of the Financial Services Council's (FSC) Life Insurance Code. In its latest submission to the FSC the FPA noted that while the current draft has made some progress ...

Life Insurer Code of Practice falls short: AFA

KERRIE SYDEE  |  TUESDAY, 20 SEP 2016
... and is willing to see implementation delayed to ensure improvements are made. The call to the Financial Services Council (FSC) is part of the AFA's submission to the FSC on the code, which notes it should include commitments to both consumers and the ...

Mark Dunsford attacks FSC over life reforms

JAMIE WILLIAMSON  |  THURSDAY, 1 SEP 2016
... Framework are designed purely to benefit life companies and banks. In an open letter to Loane, Dunsford accused her and the FSC of cartel-like behaviour, saying "the cartel of life insurance companies and banks that you lead is a disgrace, and is no ...

ASIC needs to focus on prevention, not cure

ALEX BURKE  |  THURSDAY, 21 JUL 2016
... industry and develop more proactive regulation, according to Affinia chair Steve Helmich. Speaking on a panel at the 2016 FSC Leaders Summit in Melbourne, Helmich said that ASIC's role is to ensure favourable customer experience based on compliance ...

FSC defends industry self-regulation

ALEX BURKE  |  WEDNESDAY, 9 MAR 2016
The FSC has said a life insurance code of conduct is "well underway" following the news that the issue will now be raised in the Senate's Scrutiny of Financial Advice inquiry. On March 8, Senator John Williams amended the inquiry to include a scrutiny ...