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Showing 81 - 90 of 2414 results for "Claims"

FAAA calls for other sectors to help pay $67m CSLR bill

ELIZA BAVIN  |  WEDNESDAY, 3 SEP 2025
... losses where they're occurring or likely to occur. It said wholesale clients should be excluded from the scheme, and any claims should be based purely on capital loss. "We are still of the strong view that ensuring the CSLR becomes a genuine scheme of ...

ASIC piles more charges on Merhi

KARREN VERGARA  |  MONDAY, 1 SEP 2025
... $296 million of their superannuation into First Guardian and some $230 million into Shield between 2020 and 2024. ASIC claims Merhi's businesses in return received nearly $18 million in upfront advice fees and more than $19 million from entities ...

NGS Super readies for admin transformation

JAMIE WILLIAMSON  |  WEDNESDAY, 27 AUG 2025
... limited service period. All income and pension payments will be paid early, it added. Financial hardship payments, insurance claims and payments, and immediate access to funds will be available and prioritised, NGS Super said. "This upgrade is not just ...

ASIC flags firm grip on private and public markets, super funds

KARREN VERGARA  |  WEDNESDAY, 27 AUG 2025
... Australians' retirement savings. "In late 2024 and early 2025, ASIC initiated court proceedings against two super funds over their claims handling practices. In January 2025, we called out trustees for weak scam and fraud practices. Then, in March, we ...

ASIC turns spotlight on direct life sales

KARREN VERGARA  |  TUESDAY, 19 AUG 2025
... practices, "notable deficiencies" remain, the regulator expressed in a letter to chief executives. What has not improved are claims disputes for directly sold policies, still significantly increasing across all channels with dispute rates more than doubling ...

Magellan rebrands investment business

JAMIE WILLIAMSON  |  THURSDAY, 14 AUG 2025
... 85 gigabytes of data. A statement on Magellan's site says: "On 8 August 2025, Magellan Financial Group became aware of claims suggesting a potential cybersecurity incident involving our data. Our IT security team is conducting a thorough investigation ...

Elanor rebuffs Lederer's governance concerns

KARREN VERGARA  |  WEDNESDAY, 13 AUG 2025
... is still considering its response to the 70 cents per share offer. Interestingly, Elanor said it "strongly rejects" any claims Lederer made during its due diligence process. "Elanor has previously announced initiatives to enhance its corporate governance ...

CBA sets aside $52m for remediation

ELIZA BAVIN  |  WEDNESDAY, 13 AUG 2025
... (FirstChoice Fund) and Commonwealth Essential Super and later expanded to join Avanteos Investments (AIL) as a party in respect of claims regarding the FirstWrap Pooled Cash Account. CBA said the court has ordered that mediation take place by 8 May 2026 ...

Norway sovereign wealth fund divests 11 Israeli companies, cuts mandates

KARREN VERGARA  |  TUESDAY, 12 AUG 2025
... special rapporteur Francesca Albanese slammed the Government Pension Fund of Norway - which is the world's largest and claims to have the "most comprehensive ethical guidelines" - for helping "bankroll" the genocide in Gaza and illegal occupation ...

CSC quashes internal bullying, sexism claims

MATTHEW WAI  |  MONDAY, 11 AUG 2025
... reporting by the Australian Financial Review that CSC received a complaint letter from a senior legal counsel, which included claims that chief executive Damian Hill "had made misogynistic comments and dismissed the concerns of female staff." The complaint ...