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Showing 81 - 90 of 113 results for "Code of Practice"

Super industry accepts group insurance needs work

DARREN SNYDER  |  THURSDAY, 9 MAR 2017
... from the newly-formed Insurance in Superannuation Working Group (ISWG), which has an overall aim to develop a Code of Practice/Conduct for life insurance in superannuation and develop new standards for trustees and insurers. In its first discussion paper ...

Life insurance industry rebuts need for greater reform

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2017
... the FSC's support for the Life Insurance Framework, the professional standards legislation, and the industry's Code of Practice coming in to effect on 1 July. Commonwealth Bank group executive, wealth management, Annabel Spring also appeared, using her ...

Landmark advice reforms pass Senate

EMMA RAPAPORT  |  FRIDAY, 10 FEB 2017
... includes broadening Approved Product Lists, simplifying Statements of Advice, and very importantly a life insurer Code of Practice. Progress has been made in these areas, but more work is required," Fox said. FPA head of policy and government relations ...

Insurance in super must be maintained: AIA

JAMIE WILLIAMSON  |  WEDNESDAY, 21 DEC 2016
... framework and implementation strategy to ensure group insurance remains available to all Australians, including a Code of Practice to heighten super fund and RSE licensee responsibilities. ISWG will release discussion papers on strategies to improve ...

Super disputes kept aside in Treasury review

DARREN SNYDER  |  WEDNESDAY, 7 DEC 2016
... SCT towards an industry-based ombudsman scheme. "Also of note is the recommendation that the industry develop a Code of Practice for superannuation, augmenting the code of practice being developed for group insurance in superannuation," Fahy said. "Further ...

New life insurance standards for super

KERRIE SYDEE  |  THURSDAY, 3 NOV 2016
... funds, insurers, consumer groups and industry bodies. The group will aim to develop leadership on insurance and a Code of Practice/Conduct for life insurance in superannuation. It will also develop new standards for trustees and insurers to set the benchmark ...

ASX responds to CFR regulatory expectations

KERRIE SYDEE  |  WEDNESDAY, 12 OCT 2016
The ASX has updated its Cash Equities Clearing and Settlement Code of Practice to align with new Council of Financial Regulators (CFR) policy statements. In March the Federal Government asked CFR to prepare the policy statements to ensure the right ...

New life code could go further: lawyer

JAMIE WILLIAMSON  |  WEDNESDAY, 12 OCT 2016
Prominent legal firm Slater and Gordon believes the Life Insurance Code of Practice is a missed opportunity to fix serious systemic problems in the industry. Several life insurers welcomed the Code issued by the Financial Services Council (FSC) yesterday ...

Life Insurance Code targets self-regulation

MARK SMITH  |  TUESDAY, 11 OCT 2016
... to sanction insurers who do not comply with a new set of standards laid out in an industry-wide Life Insurance Code of Practice produced by the Financial Services Council (FSC). The new code, released today, goes beyond what is required by law, mandating ...

Industry bodies united on group insurance

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2016
On the eve of the Financial Services Council publishing its Life Insurance Code of Practice, industry bodies have collectively reinforced their beliefs on the purpose of group insurance in superannuation. The Association of Superannuation Funds of Australia ...