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Showing 941 - 950 of 4514 results for "Cover"

Hume throws shade at trustee rainy day funds

KARREN VERGARA  |  MONDAY, 22 NOV 2021
Senator Jane Hume has slammed superannuation funds for creating rainy day funds that pay for potential penalties because of misconduct. Hume points to a recent trend in which several super funds applied to the courts seeking permission to charge members ...

APRA questions trustees on financial resilience

CHLOE WALKER  |  MONDAY, 22 NOV 2021
The Australian Prudential Regulation Authority (APRA) has issued a discussion paper seeking information from superannuation trustees on their plans to maintain the financial resilience needed to protect members' best financial interests. APRA's prudential ...

MLC to face court over insurance failures

JAMIE WILLIAMSON  |  FRIDAY, 19 NOV 2021
... definition for severe rheumatoid arthritis in a timely manner, resulting in 12 customers with the condition being denied cover. Documents state MLC became aware of its outdated definitions by 2014 but did not update the relevant policies until mid-2017 ...

ASIC launches remediation review

KARREN VERGARA  |  WEDNESDAY, 17 NOV 2021
A new ASIC review will force licensees to improve identifying remediation issues and rectify and compensate consumers sooner. The corporate watchdog launched a new consultation with the advice industry to ensure that AFS licensees act efficiently, honestly ...

AMP in enforceable undertaking

JAMIE WILLIAMSON  |  TUESDAY, 16 NOV 2021
... made several determinations, including that AMP's failure to provide over 2000 MySuper members with default insurance cover between 2014 and 2019 is likely a breach of the SIS Act, and that AMP did not effectively ensure that insurance premiums weren't ...

Multi-boutique appoints head of private wealth

ANNABELLE DICKSON  |  TUESDAY, 16 NOV 2021
Warakirri Asset Management hired from UBS for the newly created role of head of private wealth. Ben Williams was head of wholesale client coverage at the Swiss bank for over four years. He was previously national manager, retail at Lazard Asset Management ...

Portfolio holdings disclosure a failure: Morningstar

ELIZABETH MCARTHUR  |  MONDAY, 15 NOV 2021
... Morningstar has also taken issue with the fact the proposed standard only calls for a semi-annual disclosure, and it doesn't cover managed funds themselves. Unless the fund is a related party to an Australian registrable superannuation entity and ...

Cbus to create rainy day fund to cover fines

ELIZABETH MCARTHUR  |  THURSDAY, 11 NOV 2021
Despite not currently facing any fines or penalties, Cbus has made a request to the Supreme Court for permission to change its rules to create a special pool of capital to pay any future fines. Following changes to the Superannuation Industry (Supervision) ...

ASX moves to paperless CHESS statements

KARREN VERGARA  |  MONDAY, 8 NOV 2021
... Administration Services is currently reviewing this fee, with the potential for it to be waived. The new subscription model may cover a per member charge based on the number of members maintained in CHESS for each issuer; a user pays charge for corporate ...

Plan For Life names insurance award winners

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... Protection Award was handed to Insuranceline. The award for Accidental Injury went to HCF Life and Suncorp won the Funeral Cover Award. Meanwhile, the Innovation Technology Award went to Insuranceline and the Innovation Product Award went to HCF Life. ...