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Showing 41 - 50 of 54 results for "Hawking"

Standard Life Assurance fined for hawking non-advised annuities

KARREN VERGARA  |  WEDNESDAY, 24 JUL 2019
Standard Life Assurance has been slapped with a £30.8 million ($54.9m) fine by the UK regulator for hawking non-advised annuities. The Financial Conduct Authority found SLA offered its call centre staff "significant bonuses and rewards" if they exceeded ...

Consumers confused by general, personal advice

ELIZABETH MCARTHUR  |  FRIDAY, 29 MAR 2019
... whilst the Financial Services Royal Commission, and the Government's response, dealt with the most egregious risks of hawking of complex financial products, consumer confusion about what is personal and general advice needs to be addressed." The report ...

Labor responds to Royal Commission final report

JAMIE WILLIAMSON  |  MONDAY, 25 FEB 2019
... said. The Government has said it will look to ban the payments from 1 January 2021. The party will also look to end the hawking of life insurance products and to ensure there are consequences when big banks breach industry codes, as well as ban life ...

Clearview overhauls life insurance premiums

KARREN VERGARA  |  WEDNESDAY, 20 FEB 2019
... maximum of 10% plus CPI increases, Clearview said. Commissioner Kenneth Hayne said in his final recommendations that the hawking of insurance products should be prohibited. He observed that the "watered-down anti-hawking requirement has seen unsolicited ...

Hayne targets superannuation employer connections

KARREN VERGARA  |  MONDAY, 4 FEB 2019
Commissioner Kenneth Hayne took a hard-line against hawking superannuation products and the practices of "treating" employers in his final Royal Commission report. Hayne wants the hawking or unsolicited offer of superannuation products to be prohibited ...

Harder for insurers to dodge claims

KANIKA SOOD  |  MONDAY, 4 FEB 2019
... to be extended to all APRA-regulated insurers to ensure better accountability of life insurance executives. Hayne wants hawking of insurance products to be prohibited, just like for superannuation products. In September, ClearView admitted it's direct ...

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... after a Deloitte-led strategic review found new sales of its life products were no longer viable. ClearView breached anti-hawking law 300k times Days earlier, the Royal Commission heard ClearView's direct life insurance business breached anti-hawking ...

Insurance shake-up puts clients first

KARREN VERGARA  |  TUESDAY, 2 OCT 2018
... misleading and deceptive. Orr said it's open to the Commission to find ClearView engaged in misconduct by breaching anti-hawking provisions, while Freedom Insurance may have engaged in unconscionable conduct for selling policies to vulnerable customers ...

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... sixth round of the financial services Royal Commission heard ClearView's direct life insurance business breached anti-hawking provisions up to 303,000 times. The figure has ballooned from the 278,664 originally reported to the Commission, according ...

Phone life insurance sales 'hawking' customers: Royal Commission

KARREN VERGARA  |  FRIDAY, 6 JUL 2018
... centre staff selling life insurance which drove poor behaviour and a sales-driven culture, and effectively breached anti-hawking provisions. Select AFSL managing director Russell Howden was in the hot seat again; this time explaining to the Commission ...