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Showing 961 - 970 of 7045 results for "Insurance"

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
The Financial Services Council (FSC) has released an enforceable standard for handling group life insurance claims in superannuation. The FSC's new standard replaces existing voluntary guidance and sets a minimum level of service that consumers can ...

Don't call it a comeback: APRA on IDII

CHLOE WALKER  |  TUESDAY, 10 JAN 2023
There may well be a light at the end of the individual disability income insurance (IDII) tunnel, but there's still a way to travel before the end is reached, according to APRA. Analysis of data to September 2022 shows IDII enjoyed a run of favourable ...

Former adviser sees ban reduced

CHLOE WALKER  |  MONDAY, 9 JAN 2023
... found that Sherwal failed to act in his client's best interests in advising them to place new superannuation funded insurance as part of their participation in a cash rebate procedure. It also found that Sherwal failed to prioritise his client's interests ...

Westpac settles BT Super class action

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
... million settlement in a class action relating to the bank's subsidiaries, BT Funds Management Limited and Westpac Life Insurance Services Limited. Tens of thousands of Australians may receive compensation following the settlement, which is subject ...

What you read in 2022

CASSANDRA BALDINI  |  FRIDAY, 16 DEC 2022
... members. BT members also have access to Mercer's wider investment menu and will be able to retain their existing insurance arrangements. 5. ACSRF, UniSuper confirm merger Earlier in the year, Australian Catholic Superannuation and Retirement Fund ...

Gender diversity in investment management slightly improving: Report

CHLOE WALKER  |  FRIDAY, 16 DEC 2022
... Australia, women earned on average 19% less than men in average weekly ordinary full-time earnings across the financial and insurance services workforce in the year to May 2022. While the gender pay gap is not a measure of pay equity, the report said ...

Mine Super and TWUSUPER explore merger

ANDREW MCKEAN  |  FRIDAY, 16 DEC 2022
... milestones," Langby and Sherry added. Further, there won't be changes to any aspect of member funds, investments or insurance as a result of the funds singing this MoU. Yesterday, as reported by Financial Standard, according to APRA heatmap data ...

PPS Mutual unveils new income protection product

CASSANDRA BALDINI  |  TUESDAY, 13 DEC 2022
PPS Mutual has launched a new income protection (IP) insurance product while bolstering its existing offering. The life insurer's new product, IP Prime 70, will allow professionals to cover up to 70% of their income, depending on their income level. ...

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 ...