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Showing 581 - 590 of 2421 results for "Claims"

Spaceship delivers for millennials

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... their fees mean young members pay disproportionately higher fees than older people. This leaves superannuation open to claims it's a product designed only for old people," the report read. "In 2020, default MySuper products charged on average 0.15% ...

Life insurers recognised for innovation

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... Living Rewards Award. TAL Life won five categories: the Ongoing Medically-Tested Health Discounts Award, Rehabilitation and Claims Support Award, and Outcomes Experience Award. It also won the Innovation Benefits Award for its Mental Health Project with ...

Westpac settles two class actions

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... current chief executive Peter King as defendants. Westpac described the settlement amount as "not material" and "resolves all claims against the defendants without any admission of liability." Separately, the bank settled its rate rigging class action ...

QInsure ramps up claims technology

KARREN VERGARA  |  THURSDAY, 22 OCT 2020
QSuper's insurance arm has upgraded its systems in an effort to streamline the claims management process. QInsure has moved from FINEOS's Claims system to the Claims SaaS edition on the Dublin-based firm's platform. The insurance claims ...

APRA reduces ERS reporting for funds

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... providing information on complaints handled through internal dispute resolution processes, insured member accounts, insurance claims and claim duration. APRA will also stop requiring funds to report on members accounts which were provided with intra-fund ...

ClearView seeks to raise at least $40m

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... the economic shutdown as a result of the COVID-19 pandemic. The decline in profitability was driven by poor underlying claims performance in its life insurance segment, reflecting a loss of around $12.5 million. ClearView said the result should be viewed ...

Sam Henderson sentenced

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... regulator found 115 PowerPoint presentations he gave to clients between 2010 and 2016 which it allegedly contained false claims that Henderson had the degree. Further, ASIC said the Master of Commerce claim was mentioned on the Henderson Maxwell website ...

APRA, ASIC release life insurance stats

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
APRA and ASIC have published the latest data on life insurance claims and disputes, demonstrating the difference financial advisers make when it comes to TPD and trauma claims. ASIC's MoneySmart life insurance claims comparison tool has been updated ...

ISA calls for super tax reform

ELIZA BAVIN  |  THURSDAY, 15 OCT 2020
... $37,000 taxable income and the maximum tax refunded is $500 a year, seeing hundreds of thousands of women left behind." ISA claims more than 1.2 million Australians would see a boost in their super savings by increasing the LISTO to cover workers earning ...

Pandemic batters life insurers

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
The coronavirus pandemic has wiped out $1.4 billion from the books of life insurers and triggered a spike in claims, according to new research. KPMG's 2020 Life insurance insights reveals close to half of the firms it analysed are making a loss. ...