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

Search Results

Showing 631 - 640 of 2421 results for "Claims"

Insurers COVID-19 response slammed

ELIZABETH MCARTHUR  |  WEDNESDAY, 29 JUL 2020
... employment will be impacted by COVID-19, but not extend it beyond the life of the JobKeeper program. "JobKeeper is softening the claims experience for insurers because more people are still employed as a result of it," he said. "We're critical of ...

Queenslanders drain super: ISA

ELIZA BAVIN  |  WEDNESDAY, 29 JUL 2020
Industry Super Australia (ISA) claims 27% of Queenslanders with a super account have accessed the Early Release of Super (ERS) scheme; the highest proportion in the nation. ISA said over 145,000 Queenslanders have wiped out their retirement savings ...

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
Life insurance claims paid out billions of dollars to Australians last year. However, the industry needs to focus on creating awareness for its members as it is faced with negative sentiment, specifically around group insurance, the FSC Life Insurance ...

FSC reveals life insurance data

ELIZA BAVIN  |  TUESDAY, 28 JUL 2020
... biological differences between men and women. KPMG provided the analysis of the 2019 data on the causes of life insurance claims for Australians of working age. FSC senior policy manager for life insurance Nick Kirwan said: "New claims statistics tell ...

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
... on accounts where balances are too low." Hume also suggested that she'd like to see some reform in the way mental health claims are handled by life insurers, acknowledging that COVID-19 was likely to have a serious mental health impact over the short ...

Super fund COVID-19 requirements to remain

ANNABELLE DICKSON  |  THURSDAY, 23 JUL 2020
... reforms. For the monthly reports, APRA clarified the monthly benefit is to be reported for income protection insurance claims rather than the value of the claim and that the claim duration refers to the time period between receipt of claim and claim ...

Xinja dabbles in US stocks

ANNABELLE DICKSON  |  WEDNESDAY, 22 JUL 2020
... a US share trading platform Dabble, giving investors access to over 3000 stocks and exchange traded funds (ETFs). Xinja claims Dabble will make names like Tesla, Facebook, Google and Amazon accessible and affordable to all investors with zero brokerage ...

IFM pledges to kickstart COVID-19 recovery

ELIZABETH MCARTHUR  |  FRIDAY, 17 JUL 2020
... packages, enabling them to be shovel-ready faster and allowing mid-tier contractors to compete in bidding processes, which IFM claims will stimulate job creation and the construction sector. More active management of infrastructure projects with a long ...

Forex Capital to face Federal Court

ALLY SELBY  |  FRIDAY, 17 JUL 2020
... pressure sales tactics, for example, by offering incentives to encourage clients to transfer more money to Forex. It also claims that Forex Capital recommended trading strategies that were inappropriate to clients; made false or misleading statements ...

AustralianSuper PYS fee under scrutiny again

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 JUL 2020
... disclosed to members that it had used funds to pay a fine imposed by ASIC. In May last year, Hostplus was fined $12,600 for claims about independent financial advice that ASIC said were misleading. Press said Hostplus disclosed the matter in an annual ...