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Showing 1 - 10 of 14 results for "FSC Life Insurance"

Life Code Compliance Committee chair named

ANNABELLE DICKSON  |  TUESDAY, 8 JUN 2021
... The LCCC was established in 2017 and is the independent body responsible for overseeing compliance with the FSC Life Insurance Code of Practice. It is the industry's first consumer facing code designed to promote high standards of service and provide ...

Law firm slams insurer mental health policies

ELIZABETH MCARTHUR  |  FRIDAY, 14 AUG 2020
... decisions about rehabilitation and treatment." She added that there are still insurers that do not comply with the FSC Life Insurance Code of Practice. "These are often people who have been paying premiums for years and they are entitled to receive their ...

Life insurance needs to prove value

ANNABELLE DICKSON  |  WEDNESDAY, 29 JUL 2020
... awareness for its members as it is faced with negative sentiment, specifically around group insurance, the FSC Life Insurance Summit has heard. KPMG, on behalf of the Financial Services Council (FSC), revealed there was more than $12 billion in claims ...

FSC, super sector steps up for bushfire affected

HARRISON WORLEY  |  WEDNESDAY, 8 JAN 2020
... cannot find or remember their policy details in the aftermath of the disaster. Speaking with Financial Standard, FSC life insurance senior policy manager Nick Kirwan revealed the Council had fielded inquiries this week from people who need to know more ...

FSC extends life code consultation deadline

KARREN VERGARA  |  THURSDAY, 24 JAN 2019
... extending the consultation period for the second iteration of its life code until 31 January 2019. The draft FSC Life Insurance Code of Practice was first released for consultation in November 2018, proposing 30 changes that include banning aggressive ...

PJC doubts life insurance industry can self-regulate

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
... medical definitions, customer communication timeframes and mental health - are either already included in the FSC Life Insurance Code of Practice or will be adopted in the second iteration. ASFA chief executive Martin Fahy also said many of the PJC's ...

FSC proposes genetics and insurance council

KARREN VERGARA  |  WEDNESDAY, 21 MAR 2018
... clinical research and genetics testing. Chief executive Sally Loane announced the initiative at this morning's FSC Life Insurance Conference, urging the need to respond to the rapid advancement and importance of genetic science. The FSC's standard governing ...

FSC honours life insurance industry talent

KARREN VERGARA  |  WEDNESDAY, 21 MAR 2018
... accolades to the life insurance industry's brightest stars at a gala dinner in Sydney overnight. The annual FSC Life Insurance Awards, held at the Ivy Ballroom, recognised three talented individuals and named outstanding products in the direct, retail ...

FSC and FOS appoint former ASX chief risk officer

ALEX BURKE  |  TUESDAY, 30 JAN 2018
... industry, regulatory and consumer stakeholders to embed, uphold and enhance the high standards enshrined in the FSC Life Insurance Code of Practice." The LCCC was launched alongside the Life Insurance Code of Practice in mid-2017. The code includes disclosure ...

FSC awards life insurance standouts

JAMIE WILLIAMSON  |  THURSDAY, 30 MAR 2017
... head of retail risk, optimisation and compliance Kathleen Williams received the Young Achiever Award at the FSC Life Insurance Awards 2017, while the Industry Leader Award was presented to Scott Moffitt, BT Financial Group's head of life operations. ...
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