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Showing 1 - 10 of 56 results for "PJC"

Life insurer early intervention reforms dumped

KARREN VERGARA  |  THURSDAY, 25 OCT 2018
... range of treatments to help sick and injured people return to wellness sooner," FSC chief executive Sally Loane said. The PJC has instead focused on "cultural issues within the life insurance industry" rather than considering consumers who need help ...

Group insurers pressed for resources

KANIKA SOOD  |  MONDAY, 30 JUL 2018
... "[Our advice to group insurers is] take all these things seriously, work through them give them due consideration particularly PJC findings were unanimous by a committee that was very broadly constituted and therefore warrants serious consideration by ...

Life insurers should fund medical rehabilitation: MLC

KANIKA SOOD  |  MONDAY, 21 MAY 2018
... referral from the House of Representatives. Submissions were open until May 4. MLC Life Insurance, in its submission to the PJC, said there is "strong financial motivation" for the industry to support customer rehabilitation. When a customer is unable ...

AFA responds to 'disappointing' PJC life insurance report

KARREN VERGARA  |  WEDNESDAY, 11 APR 2018
... report on life insurance, highlighting several aspects as surprising, perplexing and disappointing. The AFA hit out at the PJC's assessment of the direct, group and retail advised insurance segment, and the benefits and risks posed to consumers. The ...

Super fund redesigns insurance offering

HARRISON WORLEY  |  WEDNESDAY, 4 APR 2018
... pressure after the release of the final report by the Parliamentary Joint Committee on Corporations and Financial Services. The PJC believes in a single government-backed code administering the industry. Recent comments from ASFA chief executive Martin ...

PJC doubts life insurance industry can self-regulate

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
... can sufficiently self-regulate and is recommending the co-regulatory approach foreshadowed by ASIC. In its final report, the PJC on Corporations and Financial Services for the Life Insurance Industry said while it welcomed the industry's two nascent ...

FoFA end marks start of new advice era

LAURA MILLAN  |  MONDAY, 30 NOV 2015
... advice to the next stage." The next challenges include implementing the recommendations of the Parliamentary Joint Committee (PJC) inquiry into education and professional standards. One of the most relevant measures is the creation of a new independent ...

Turnbull expected to dust off shelved policies

LAURA MILLAN  |  TUESDAY, 15 SEP 2015
... on these reforms," the Financial Planning Association (FPA) general manager of policy Dante De Gori said. "The FSI and the PJC report [of the inquiry into financial advisers' education, standards and ethics] were handed to the government last year and ...

Frydenberg to decide on advice standards in June

LAURA MILLAN  |  THURSDAY, 30 APR 2015
... paramount." He said he was "especially pleased to see the level of consensus that is building around many elements of the PJC model." Participants in the roundtable also emphasised the importance of sensible transitional mechanisms, robust governance ...

Industry meets behind closed doors to fix advice

LAURA MILLAN  |  WEDNESDAY, 29 APR 2015
... Rantall confirmed that he will be attending the meeting and that he expects "a broad discussion on the implementation of the PJC recommendations." He said that "because these recommendations were quite significant, I would expect people to have different ...
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