The latest issue of Financial Standard now available as an e-newspaper
|Showing 1 - 10 of 43 results for "Life Insurance Code of Practice"|
|The Financial Services Council (FSC) released the second draft of the Life Insurance Code of Practice 2.0 for public consultation. The latest draft of the code was released today, incorporating feedback from the first draft's consultation. The FSC has ...|
|... to implement a prohibition on these terms on life insurers through an appendix to the FSC's Life Insurance Code of Practice (Life Code). It said the complexity here is that while the Life Insurance Code is mandatory for all group insurers, it is ...|
|... 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 a benchmark ...|
|... "This Professional Standards Framework sits alongside the industry commitments set out in the Life Insurance Code of Practice, which together, put in place important long-term commitments by the life insurance industry to delivering for our customers ...|
|... power to approve and revoke voluntary codes of conduct. This includes certain provisions in the Life Insurance Code of Practice and the Insurance in Superannuation Voluntary Code. It is recommended that they are made enforceable by 30 June 2021. Any ...|
|... definitions ahead of each PDS update - this is more frequent than the 3-year requirement set out by the Life Insurance Code of Practice. At Integrity, when we update a definition and the update is more favourable to policy holders, we automatically upgrade ...|
|... 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 benefits when ...|
|... Compliance Committee has said that life insurers appear not to be taking their obligations under the Life Insurance Code of Practice seriously. The code came into effect in 2017, with the independent committee now publishing its second annual report ...|
|... cases dating back to June 2017 and found that timeframes for claim processing as outlined in the Life Insurance Code of Practice were not met. The review of 11 subscribers to the code's compliance came about after the LCCC received more than 700 alleged ...|
|... place by 1 July this year." The moratorium will be regularly reviewed and will be included in the Life Insurance Code of Practice which is currently under review. The new moratorium will be in place at least until the end of June 2024 and reviewed in ...|
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MFS Investment Management is searching for a new head of retail sales for its local business, as the incumbent heads to London for a new role.
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A former Regal Funds Management portfolio manager has been banned for five years after he manipulated the share price of Clearview Wealth.
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With more research identifying the pressure put on employees by the pandemic and lockdowns, wealth technology firm Class is offering employees extra days off.
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Prudential regulator APRA plans to go ahead with mandating independent certifications within group insurance as recommended by the financial services Royal Commission.
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