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Showing 1 - 10 of 2178 results for "Claims"

Court approves $16m DASS settlement

KARREN VERGARA  |  FRIDAY, 19 APR 2024
... re-admitted as Group Members and be able to claim some compensation under the class action settlement, while separately making claims to AFCA." Parent company of the now-defunct DASS, E&P Financial Group, did not admit any liability, which alleged that ...

Sequoia chair steps down

KARREN VERGARA  |  FRIDAY, 19 APR 2024
... bulk of which Sequoia said "comprises the deferred consideration that Sequoia did not issue Mr McGowen in light of the claims Sequoia has raised against Mr McGowen." On February 6, Sequoia sued McGowen in relation to its acquisition of Informed Investor ...

UniSuper selects new group insurer

JAMIE WILLIAMSON  |  WEDNESDAY, 17 APR 2024
... protection for each phase of your life..." At the same time, UniSuper is adjusting its premiums based on the likelihood of claims at different ages and also introduced the rates based on members' sex at birth, explaining that males are more likely to ...

ATO targets crypto investors, sharing economy

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
... returns were full of errors. This year, Chapman said investors can expect the ATO to crack down on excessive interest expense claims, such as where property owners have tried to claim borrowing costs on the family home and rental property. Incorrect ...

Class action building against GEMI Capital

ELIZA BAVIN  |  MONDAY, 15 APR 2024
MC Lawyers & Advisers has launched a class action investigation into claims of investor losses in various financial products issued by GEMI Asset Management. The law firm said investigations were targeting scenarios in which wholesale or sophisticated ...

Life insurers struggle with code compliance

KARREN VERGARA  |  WEDNESDAY, 10 APR 2024
... refunding after cancellation, was the fastest-growing breach, sharply rising 322% to 963 instances. Breaches related to claims handling obligations rose by 18%. "Failing to address claims promptly not only breaches code obligations but also adds unnecessary ...

James Mawhinney arrested as Mayfair 101 saga rolls on

JAMIE WILLIAMSON  |  WEDNESDAY, 10 APR 2024
... now, with the regulator taking him to court for operating what it believes to be a Ponzi scheme and Mawhinney fighting the claims and accusing ASIC of its own misconduct in pursuing him. In the latest instalment, Mawhinney was arrested yesterday and ...

James Mawhinney applies to have ASIC's case struck out

ELIZA BAVIN  |  MONDAY, 8 APR 2024
... liquidators of IPO Wealth Holdings were made public. In July 2022, the liquidators reached a settlement to abandon all claims against Mawhinney and his companies. Under the agreement, Mayfair 101 was handed back control of more than 80% of the assets ...

Super funds' IDR process weak, inadequate: AFCA

KARREN VERGARA  |  FRIDAY, 5 APR 2024
... super funds' IDR processes and instead make a beeline for AFCA, senior manager of superannuation Rhys Lloyd said. For claims delay cases that leapfrog to AFCA, Lloyd finds 96% are resolved without needing a recommendation or determination. "If AFCA ...

AustralianSuper hires data strategy lead

ELIZABETH FRY  |  TUESDAY, 2 APR 2024
... joins the asset owner as a member resolution manager. Fraser joins from Insignia Financial where she worked as a trustee claims specialist and for MLC Australia before that. She earlier worked in insurance at KPMG and OneView and as a senior claims officer ...
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