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Showing 781 - 790 of 2424 results for "Claims"

ASIC urges improved insurance outcomes

ELIZA BAVIN  |  FRIDAY, 13 DEC 2019
... members." ASIC said the Code sets standards of practice with the aim of improving industry practices in benefit design, claims handling and communications to members. The report found that 70% of superannuation trustees are adopting the Code in whole ...

Practice profitability at risk: MLC Life

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2019
... while 19% are unsure as to their readiness. Finally, the survey also found only 7% of advisers are charging clients for claims support despite the time and work involved. It takes an average of seven hours at $400 an hour, equating to $2800 - more than ...

SCA drags AMP over claim delays

ALLY SELBY  |  TUESDAY, 10 DEC 2019
... letter to the board; criticising the wealth giant for significant delays in its "abhorrent" handling of group insurance claims. Citing APRA's Life Insurance Claims and Disputes data released in June this year, the people's advocate in the superannuation ...

Fix gaps in AFCA remit: Creevey Russell

ELIZABETH MCARTHUR  |  MONDAY, 9 DEC 2019
... to being disadvantaged by this limitation to AFCA's remit. "Common sense suggests there are likely to be many potential claims in this category and there is no good reason why banks should avoid liability for their misconduct in relation to these claims," ...

Industry fund previews new insurance offering

JAMIE WILLIAMSON  |  TUESDAY, 3 DEC 2019
... worked or time period requirements and simplified underwriting. According to the fund, more than $411 million was paid in claims to Rest members last year alone.

Chief economist update: Bah humbug

BENJAMIN ONG  |  TUESDAY, 3 DEC 2019
... that ""Global trade remains the most significant cross-industry issue". What's this? Trump isn't "winning" as he claims?

How it can all go wrong

KANIKA SOOD  |  THURSDAY, 28 NOV 2019
... as well, which lost about half a million dollars." Cribb said at his old licensee he had a clean compliance record and claims he had no adverse compliance events. He said this "gave me a false sense of security", when the advice he provided was in those ...

Life risk insurance not profitable: KPMG

HARRISON WORLEY  |  FRIDAY, 22 NOV 2019
... questions about the value the industry provides. At the same time, the profitability challenges driven by higher than expected claims payments across the industry are perhaps the greatest we have seen in a generation." Blight-Johnston - who joined the ...

Mental health costs insurers $750m per year

ELIZA BAVIN  |  FRIDAY, 22 NOV 2019
... a higher willingness to talk about and seek help earlier. "What that has translating to is an increase in the number of claims; workers compensation as well as life insurers are both experiencing an up-tick in the number of mental illness related claims." ...

Flaws in Grattan SG research: Report

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
... that higher SG contributions would automatically lead to lower wages and hence be self-defeating. "The research refutes claims made by some commentators and lobbyists that higher superannuation contributions would automatically lead to lower wages, and ...

Editor's Choice

Global X awards mandate for ETF business

ELIZA BAVIN  |   12:33PM
Global X has awarded a new custody and administration mandate for its Australian ETF business.

Bell Asset Management launches small-caps fund

KARREN VERGARA  |   11:56AM
Bell Asset Management has formally launched its Australian Small Companies Fund, which is run by former Tyndall Asset Management portfolio managers.

Former Australian Ethical finance chief lands new gig

MATTHEW WAI  |   11:09AM
The former chief financial officer of the ethical investment manager has joined a local finance company after wrapping up his tenure at AUB Group.

MySuper assets pursue $1.5tn Choice sector

KARREN VERGARA  |   12:20PM
MySuper assets are fast catching up to the $1.5 trillion Choice sector, hitting nearly $1.2 trillion in the March quarter.

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