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Showing 51 - 60 of 2182 results for "Claims"

Life insurance industry profits double, premiums rise: KPMG

ANDREW MCKEAN  |  TUESDAY, 17 OCT 2023
... Australia's life insurance industry. Cummings observed that the reduced profitability of risk products was impacted by a rise in claims and the lack of one-off items like COVID-19 reserve releases, while the profits of non-risk products surged due to ...

The Voice is not at the expense of the economy: Chalmers

CASSANDRA BALDINI  |  FRIDAY, 13 OCT 2023
Treasurer Jim Chalmers has refuted claims that the government's push to incorporate a Voice to Parliament has come at the expense of the economy. Tomorrow, millions of Australians will hit the polls and decide if a First Nations' Voice to Parliament ...

TAL makes leadership changes

KARREN VERGARA  |  WEDNESDAY, 11 OCT 2023
... its executive lineup, seeing new leaders for the group life and retirement, individual life, and technology units. Chief claims officer Jenny Oliver is now the chief executive of group life and retirement. She is responsible for leading TAL's partnerships ...

Farmers distressed by superannuation tax overhaul

ANDREW MCKEAN  |  THURSDAY, 5 OCT 2023
... $3 million threshold in the draft laws could increasingly encroach on more farming assets in the future. The government claims the reforms will impact just 0.5% of superannuation account holders; however, ATO data suggests non-indexation might result ...

Rainmaker names ESG leader super funds

RACHEL ALEMBAKIS  |  FRIDAY, 29 SEP 2023
... their scrutiny of financial institutions and their ESG bona-fides they must also ensure they don't make exaggerated claims regarding their sustainability practices." Rainmaker also considered funds' net zero commitments, gender diversity among ...

ASIC fines fintech for misrepresenting crypto product

CASSANDRA BALDINI  |  WEDNESDAY, 27 SEP 2023
Local fintech Bobbob has paid $53,280 to resolve infringement notices issued in response to misleading claims it made about a crypto-asset linked investment product. Over an eight-month period, a product known as the Savings Product was offered, attracting ...

US regulator fines DWS US$25m for greenwashing, AML offences

RACHEL ALEMBAKIS  |  TUESDAY, 26 SEP 2023
... operations will pay the US Securities and Exchange Commission US$25 million to settle charges stemming from greenwashing claims and failures to develop an anti-money laundering (AML) program for mutual funds it advised. In the case of greenwashing, the ...

ASIC takes legal action against crypto exchange

ANDREW MCKEAN  |  THURSDAY, 21 SEP 2023
... to Australian customers. Since the introduction of the design and distribution obligations (DDO) in October 2021, ASIC claims over 1160 Australian customers have suffered financial losses totalling around $12.95 million while using Bit Trade's margin ...

Spirit Super introduces insurance admin fee

JAMIE WILLIAMSON  |  MONDAY, 11 SEP 2023
... Super said: "Spirit Super directly incurs administrative costs to maintain the insurance on your account and to handle claims. To help cover this, an insurance administration fee will be included as part of the insurance fee deducted from your account ...

AustralianSuper sued over multiple accounts

JAMIE WILLIAMSON  |  FRIDAY, 8 SEP 2023
... despite it being legislated in 2013 that funds must undertake intra-fund consolidation at least once a year. ASIC also claims AustralianSuper was aware of the multiple accounts as far back as February 2018 - at which time there was at least 43,605 members ...