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Showing 501 - 510 of 2445 results for "Claims"

Multiple accounts already in sharp decline

ELIZABETH MCARTHUR  |  THURSDAY, 12 AUG 2021
... another account in a superannuation fund, including inactive accounts, where the combined balance will be above $6000. ASFA claims in many cases the ATO can match such accounts to a super account held by an individual, but the law only allows the ATO ...

How wealthy families protect assets no matter what

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 AUG 2021
... noted that a trust can also be sued, and people can go against the trust. Further, there are reputational risks such as claims against the family." Pfeifer said that the risk of one generation damaging the reputation of a family name cannot be overlooked. ...

New shareholder at Crescent Wealth

ELIZABETH MCARTHUR  |  THURSDAY, 5 AUG 2021
... of Fred Shahin, who founded the Peregrine Corporation in 1984 with the purchase of a BP service station in Adelaide. It claims to now be South Australia's largest privately owned employer, investing in a range of fields. "On behalf of my fellow board ...

Data to improve TPD outcomes: ASIC

ANNABELLE DICKSON  |  MONDAY, 2 AUG 2021
... processes by improving data capabilities after previously flagging concerns including declining claim rates, withdrawn claims and poor claims-processing times. ASIC's Report 696 TPD Insurance: Progress made but gaps remain outlines the areas that need ...

IFM blames "unfounded" class action for Tandem worries

KANIKA SOOD  |  FRIDAY, 30 JUL 2021
... month, the Australian Financial Review reported Tandem was placed into administration over $400 million in sham contracting claims, as one of its subsidiaries also faced an underpayment class action from Shine Lawyers initiated in late 2018. On July ...

AMP shakes up advice service model

KARREN VERGARA, JAMIE WILLIAMSON  |  MONDAY, 26 JUL 2021
... retain the bulk of its advisers, while conceding he is also nervous as to the outcome. Further, a new fee model, which claims to support the delivery of advice, improve practice efficiency and help advisers grow their businesses, will be phased in from ...

CSLR raises concern among advisers

KARREN VERGARA  |  FRIDAY, 23 JUL 2021
... the case," the association said. The scheme has a $250 million annual cap. "The amount is considered high enough to fund claims for compensation in circumstances where there has been a large or 'black swan' event relating to a financial firm ...

Companies failing harassment victims: ACSI

ELIZABETH MCARTHUR  |  THURSDAY, 22 JUL 2021
... careers and credibility at risk in doing so. It also, unintentionally, gives companies an incentive to refute harassment claims as manager may be under pressure to keep the number of harassment claims low. "The current system relies on victims complaining... ...

ASIC spells out IDR reporting

ANNABELLE DICKSON  |  TUESDAY, 20 JUL 2021
... Corporations Act. ASIC will also consider complaints on social media, objections to death benefit recipients and insurance claims handling processes. All complaints must be responded to in 45 days.

Astute Wealth alleges copyright breach

KARREN VERGARA  |  TUESDAY, 13 JUL 2021
... breached "substantial copyright" with respect to its financial planning client engagement platform AstuteWheel. Astute claims that Lumiant's Confidence questionnaire, a series of financial health questions on its platform, has "substantially the ...