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Showing 801 - 810 of 2446 results for "Claims"

ASIC drags NAB to court for fees-for-no-service

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... obligations as an Australian Financial Services licence holder to "act efficiently, honestly and fairly". ASIC's case claims NAB engaged in "unconscionable conduct" from May 2018 - and possibly earlier - by continuing to charge ongoing service fees ...

ASIC takes action against TAL over RC case

HARRISON WORLEY  |  TUESDAY, 17 DEC 2019
... believes TAL's investigation of the customer's medical history was based on false statements the insurer made in a claims pack it sent to her. The corporate regulator believes that by informing the customer of its decision to avoid her policy ...

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 ...