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Showing 551 - 560 of 2425 results for "Claims"

ASIC detects imposter bond scam

ANNABELLE DICKSON  |  THURSDAY, 28 JAN 2021
The corporate regulator is warning investors of scam bond investment operations targeting Australian investors with claims of high yield bond investments. The scammers are claiming to be from reputable domestic and international financial firms when ...

ASIC faces cybersecurity attack

KARREN VERGARA  |  WEDNESDAY, 27 JAN 2021
... server provider, Accellion, is a US software firm that facilitates cloud-based file sharing and collaboration. The firm claims to prevent third-party cyber data breaches and compliance violations with its enterprise content firewall. While the investigation ...

Does financial services have a problem with women?

ELIZABETH MCARTHUR  |  TUESDAY, 19 JAN 2021
... BlackRock in a bid to mitigate conflicts of interest. And late in 2019, IFM Investors paid $493,000 to settle sexual harassment claims made against an executive director by a former associate on his team. Now, Juanita Escobar is suing IOOF for wrongful ...

QBE takes final hit in FCA test case

ELIZA BAVIN  |  MONDAY, 18 JAN 2021
... policyholders whose businesses were affected by the COVID-19 pandemic suffered significant losses, resulting in large numbers of claims under business interruption (BI) policies," the FCA said. "Most SME policies are focused on property damage and only ...

IFM impersonated in scam

ELIZA BAVIN  |  THURSDAY, 14 JAN 2021
IFM Investors has become the subject of an email scam as it also battles claims it overvalued certain assets. IFM said the email, purporting to be from the company, has been sent to members of the public requesting them to fill out an application form ...

MLC Life appoints executive

KANIKA SOOD  |  WEDNESDAY, 13 JAN 2021
... debt of $120 million. In its statement, Nippon Life referenced life insurance industry's spike in income protection claims, COVID-19's impact and high unemployment which put MLC Life's business performance being "stagnant" beyond 2021. Commenting ...

ASIC cancels stockbroker AFSL

ANNABELLE DICKSON  |  WEDNESDAY, 13 JAN 2021
... handed down. KPMG said it will take at least six months for distributions to be made due to the time it will take to review claims and distribute all available assets. Halifax was initially found to have $19.7 million worth of deficiencies in client ...

HESTA hikes group insurance premiums again

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... $210 million in insurance premiums from members, down 10% over FY19. The fund said it paid over $150 million in insurance claims (98% of the claims it received), per its FY20 annual report. AIA Australia acts as the group insurer for HESTA.

AustralianSuper breached member's privacy: Regulator

KANIKA SOOD  |  TUESDAY, 12 JAN 2021
... However, by the time AustralianSuper paid out the claim in June 2016, WG had let go the law firms' services. WG made four claims in their complaint to the OAIC: that AustralianSuper did not inform them their claim would be handled by an administrator ...

Super funds back COVID-19 preventative drug

KARREN VERGARA  |  THURSDAY, 7 JAN 2021
Four major superannuation funds are backing a biotech company that is developing a nasal spray that claims to prevent COVID-19 and the common cold. AustralianSuper, HESTA, Hostplus and Statewide Super have joined forces with CSL, a venture capital fund ...