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

Search Results

Showing 61 - 70 of 113 results for "Code of Practice"

Super industry wants tougher insurance code

KARREN VERGARA  |  MONDAY, 19 MAR 2018
... stakeholders expect 90% of Australia's superannuation funds to sign the Insurance in Superannuation Voluntary Code of Practice before March 31, despite its several shortcomings. ANZ, AustralianSuper, MLC, MTAA Super, REST Industry Super and Telstra Super ...

Successful implementation of super code critical

STEPHEN FAY, JAMIE WILLIAMSON  |  THURSDAY, 15 MAR 2018
The Conference of Major Super Funds saw discussion on the Insurance in Superannuation Voluntary Code of Practice move to issues of implementation as the code's subscription deadline looms. Superannuation funds have until March 30 to indicate whether ...

No room for complacency: Rowell

KANIKA SOOD  |  MONDAY, 12 MAR 2018
... likely to vary," Rowell said. She also encouraged members to sign up to the Insurance in Super Working Group Code of Practice but said there was room for improvement including clearer definitions for disability insurance, tackling multiple insurance ...

ANZ adopts life insurance code

KARREN VERGARA  |  TUESDAY, 20 FEB 2018
ANZ will be the first bank-owned retail superannuation fund to adopt the voluntary Insurance in Super Code of Practice. ANZ's Smart Choice Super, OnePath MasterFund, Retirement Portfolio Service and Oasis Superannuation MasterTrust will be covered by ...

AustralianSuper slashes insurance premiums

KARREN VERGARA  |  WEDNESDAY, 14 FEB 2018
... premiums. In a separate initiative, AustralianSuper announced it has signed up to the Insurance in Superannuation Code of Practice and is implementing the code across its membership base. "AustralianSuper already exceeds many of the minimum standards ...

FSC and FOS appoint former ASX chief risk officer

ALEX BURKE  |  TUESDAY, 30 JAN 2018
... Ombudsman Service named the chair of the committee tasked with overseeing the implementation of the Life Insurance Code of Practice. Anne Brown joins the Life Code Compliance Committee (LCCC) while also serving as a member of ASIC's markets disciplinary ...

FSC finalises life insurance APL guidelines

ALEX BURKE  |  FRIDAY, 22 DEC 2017
... payout ratios, pricing, and corporate strength)." The APL standard follows the FSC releasing its Life Insurance Code of Practice, along with a new set of standardised medical definitions, in July. The new definitions for cancer, heart attack and stroke ...

Industry split on life insurance cover: Poll

KARREN VERGARA  |  MONDAY, 18 DEC 2017
... operates alongside existing laws and regulations, as well as the Financial Services Council's Life Insurance Code of Practice, will come into effect on 1 July 2018. The code supports preventing account balances from unnecessary erosion by automatically ...

Super life code released

KARREN VERGARA  |  MONDAY, 18 DEC 2017
... in Superannuation Working Group is urging superannuation trustees to sign up to its voluntary life insurance code of practice, which will come into effect 1 July 2018. To eschew account balance erosion, super trustees under the code will contact members ...

Genetics will test life insurance sector

JAMIE WILLIAMSON  |  THURSDAY, 26 OCT 2017
... life insurance is unique, with local life companies abiding by the Financial Services Council's life insurance code of practice. This prohibits them from requiring applicants to take a genetic test and stops insurers discriminating against an applicant ...