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Showing 881 - 890 of 6957 results for "Insurance"

Former Statewide Super executives charged

ANDREW MCKEAN  |  MONDAY, 12 DEC 2022
... this year, Statewide Super found itself in hot water for providing members with misleading information regarding their insurance and failing to report the issue to ASIC in the time required. The Federal Court imposed a $3.5 million penalty for the misleading ...

Life insurer claims under regulator watch

CHLOE WALKER  |  MONDAY, 12 DEC 2022
... follows theidentification of systems failures in the incorrect applications of consumer price indexations (CPI)'s to life insurance policy benefits. Already, ASIC has received breach reports from seven life insurers for the miscalculation of life insurance ...

APRA, ASIC concerned over premium increases

CHLOE WALKER  |  FRIDAY, 9 DEC 2022
APRA and ASIC have asked the chief executives of life insurers to explain the continuing increases to retail insurance premiums following complaints from consumers and reportable situations. In a joint letter, the regulators said they're concerned premium ...

OnePath Life sued over utmost good faith duties breach

JAMIE WILLIAMSON  |  THURSDAY, 8 DEC 2022
... crucially important that they ensure their customers understand their rights, including their rights of appeal if an insurance claim is declined." She added that consumers need to be confident that their insurer will act in good faith and provide procedural ...

ASIC suspends, cancels AFSLs

CHLOE WALKER  |  WEDNESDAY, 7 DEC 2022
... Complaints Authority (AFCA) determinations. According to ASIC, QFML also didn't have the required professional indemnity insurance coverage. "The licence suspension allows QFML to provide financial services that are reasonably necessary for, or incidental ...

AMG Super to take on fledgling super product

JAMIE WILLIAMSON  |  TUESDAY, 6 DEC 2022
... balance of $50,000, their annual admin fees will drop from $147 to about $135. There will be no change to investments or insurance cover, Raiz Invest said. In transferring the product, Diversa will hand Raiz Invest Super over to Equity Trustees Superannuation ...

Household Capital acquires Pension Boost

ANDREW MCKEAN  |  MONDAY, 5 DEC 2022
... pillar of retirement funding." Earlier this year, Household Capital also partnered with Genworth Financial Mortgage Insurance. Genworth took a 22% stake in Household Capital, concluding a $37.6 million series C capital raise. It joined as an investor ...

DASS clients pushed to accept paltry recoupment

ANDREW MCKEAN  |  FRIDAY, 2 DEC 2022
... "The structure of the proposed deed is likely to deliver a better outcome to creditors in terms of access to potential insurance proceeds than a liquidation scenario," the administrators said. The average investor claim is $79,880 which means that the ...

MLC Life adds to board

CHLOE WALKER  |  FRIDAY, 2 DEC 2022
... experience in the financial services sector, Dubé is currently a non-executive director of Guild Group Holding and Guild Insurance Limited, and chair of the Guild Group Audit and Risk Committees. She also serves as a non-executive director and Audit ...

Rest names new independent chair

JAMIE WILLIAMSON  |  THURSDAY, 1 DEC 2022
... members, ensuring as many as possible have access to the important support they need, such as financial advice, flexible insurance and market-leading digital services." He thanked the fund's members, employees, executive leadership team and board for ...