Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 621 - 630 of 2445 results for "Claims"

Mawhinney lashes out at regulator

ELIZABETH MCARTHUR  |  TUESDAY, 29 SEP 2020
... liquidators report, meanwhile, seems to align with ASIC's suggestion that M Core notes were marketed in a misleading manner. "Any claims the Director has made to investors or potential investors regarding M Core noteholder funds being secured may be ...

Corporate fund overhauls admin fees, premiums

ELIZABETH MCARTHUR  |  MONDAY, 28 SEP 2020
... taking a more active role in managing their accounts. Members will also see a decrease in death and TPD premiums due to claims being slightly lower than expected - the reduction is expected to be by an average of 3.5%. However, from the start of October ...

More clarity on life insurance best interest duty needed: Research

ELIZA BAVIN  |  FRIDAY, 25 SEP 2020
... product has become more and more complex over time, making it difficult for customers to understand and be satisfied with claims outcomes. "At the same time, affordability and accessibility for those needing cover is declining," the report said. "Increasingly ...

IPO Wealth ordered to wind up

ELIZA BAVIN  |  FRIDAY, 18 SEP 2020
... allegations were made by counsel for Dye & Co in these proceedings which are categorically refuted and will be challenged. Any claims of impropriety are categorically rejected by Mawhinney." Mayfair continues to deny any allegations made against Mawhinney ...

UBS makes private wealth strategy shift

ALLY SELBY  |  MONDAY, 14 SEP 2020
... set to see the wealth manager advise private clients to invest in sustainable assets over more traditional solutions. UBS claims it is the first major global financial institution to make this shift. The firm's global wealth management co-president Iqbal ...

ASIC reinforces power to obtain documents

ELIZABETH MCARTHUR  |  MONDAY, 14 SEP 2020
... regulator's ability to obtain documents. In a media release, ASIC grouped together its successful challenging to RI Advice's claims for legal professional privilege and an order for Maxi EFX to produce documents. The regulator said both Federal ...

ERS applications flat line

ELIZA BAVIN  |  MONDAY, 14 SEP 2020
... underestimated the number of people actually claiming. "These numbers suggest the pent-up demand of people to launch late claims would have to be getting thin. But like everything to do with COVID-19, we know we should be careful about our prediction ...

MS sufferer fights CommInsure definition

ELIZABETH MCARTHUR  |  FRIDAY, 11 SEP 2020
... the issue is a lack of transparency on how insurers apply these definitions. "In employer policies in superannuation, TPD claims are typically assessed on whether the member has been absent from work for a period of time and is unlikely to be able to ...

Australian Unity profits plummet

ALLY SELBY  |  WEDNESDAY, 9 SEP 2020
... billion to $1.382 billion. Overall operating expenses lifted by 2.2% or $28.7 million, thanks to higher health insurance net claims (up $4.6 million), increased debt provisioning (up $6.5 million) and higher client care costs (up $7.1 million). Operating ...

Industry fund hikes premiums

JAMIE WILLIAMSON  |  WEDNESDAY, 9 SEP 2020
... order to make a partial claim or rollover; otherwise the full balance will need to be withdrawn. This does not impact full claims or rollovers, or any early access to super granted, including under the early release of super scheme. Finally, Intrust ...