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Showing 811 - 820 of 2424 results for "Claims"

TPD riddled with issues: ASIC

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... review has found significant industry-wide problems with the design of total and permanent disability insurance and the claims handling process. The regulator said the problems means the over millions of Australian workers who pay for the cover can't ...

Grattan modelling flawed, misleading: ISA

ELIZA BAVIN  |  THURSDAY, 10 OCT 2019
... modelling done by Grattan is based on dubious assumptions that "don't stack up" and there is little evidence to support claims that an increase in super contributions will result in an equivalent reduction in wages. "There is no demonstrated equivalent ...

Mental health tops TPD claims

HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
The underlying causes of total and permanent disability claims have been revealed in new research, and mental health tops the list. Life insurers pay out more on TPD claims caused by mental health conditions than any other kind of condition, according ...

Advice associations slammed

JAMIE WILLIAMSON  |  THURSDAY, 3 OCT 2019
... done to support financial advisers at risk of losing their businesses due to changes in remuneration. Instead, the UFAA claims the associations have abandoned adviser advocacy "and set themselves up as education providers, charging advisers thousands ...

Return to the mutual model: Expert

ELIZABETH MCARTHUR  |  THURSDAY, 3 OCT 2019
... and industry more broadly. The revelations around conflicted financial advice and denial or avoidance of life insurance claims that were highlighted during the Commission, Daniels said, stress the misalignment of internal interests within financial institutions. ...

Industry embraces Mental Health Month

ELIZABETH MCARTHUR  |  TUESDAY, 1 OCT 2019
... work SuperFriend has planned with MetLife for the month. The two organisations will pilot a person-centred approach to claims management. "Gives the person going through the claims process a sense of empowerment over their treatment and recovery," Clarke ...

AMP advisers prepare for battle

JAMIE WILLIAMSON  |  FRIDAY, 13 SEP 2019
... senior management to meet later this month with practices staying on with the group. Macdonald also rejected AMP's claims it is merely shedding businesses whose "economics simply aren't strong enough. "In our opinion, what this actually means ...

IFM Investors executive departs

KANIKA SOOD  |  MONDAY, 9 SEP 2019
... Investors executive director has left the company, five months after the company paid $493,000 to settle sexual harassment claims made against him by a former associate on his team. Frederic Michel-Verdier's last day with IFM Investors was August ...

BT faces fees for no service class action

ELIZABETH MCARTHUR  |  FRIDAY, 6 SEP 2019
... Ghee. Westpac said in a statement: "The damages sought by the claim are unspecified. BTFM and WLIS will be defending the claims." Westpac is also facing a class action from Maurice Blackburn over allegations it breached responsible lending obligations. ...

Intra-fund advice must improve: Rice Warner

HARRISON WORLEY  |  WEDNESDAY, 4 SEP 2019
... advice, including comprehensive financial plans. As a result, pressure is increasing on superannuation funds, who Rice Warner claims have not yet "been able to marry the needs of members approaching retirement cost-effectively." With recent advancements ...