Search Results | Showing 1 - 10 of 27 results for %22Insurance in Superannuation Voluntary Code of Practice%22 |
| | The Financial Services Council (FSC) has released an enforceable standard for handling group life insurance claims in superannuation. The FSC's new standard replaces existing voluntary guidance and sets a minimum level of service that consumers can ... |
| | | ... regulation as well as unforeseen circumstances have contributed to more Australians being underinsured. This includes the Insurance in Super Voluntary Code of Practice, Life Insurance Framework reforms, Protecting Your Super (PYS)/ Putting Members' ... |
| | | ... addresses 20 recommendations from the 2018 inquiry. The new law will prevent the hawking of all financial products - insurance products, superannuation, shares and other managed investment schemes - via an unsolicited telephone call or any form of "real-time ... |
| | | ASIC has called on the superannuation industry to improve consumer outcomes in relation to life insurance provided through superannuation. In the new report, titled Insurance in superannuation: Industry implementation of the Voluntary Code of Practice ... |
| | | ... standards and how they are meeting objectives. Over the five years, RSEs have improved the management and design of their insurance arrangements (SPS 250), but still fall short in several areas. While practices relating to insurance strategy, design ... |
| | | Insurers will find it tougher to dodge paying out claims if the Royal Commission's recommendation to amend insurance law is enacted. At the round six hearings of the Royal Commission, it was revealed that CommInsure used outdated medical definitions ... |
| | | The Productivity Commission is calling for an independent public inquiry into group insurance and floated the possibility of tougher regulation that includes sharper ASIC oversight, among other recommendations. Recommendation 18 in the Productivity ... |
| | | ... assess the list every four years based on investment strategy and performance, fees, governance and innovation default insurance arrangements. The ATO would implement the new default model by providing an online service for members to pick from the shortlist ... |
| | | Numerous policy questions that arose from the life insurance round of the Royal Commission could shake up the direct life insurance segment and potentially ban conflicted remuneration in risk products. The document, released yesterday, questions the ... |
| | | ASIC's latest review into insurance in superannuation shows the industry still has "significant weaknesses" despite the launch of the voluntary code of practice nine months ago. Over 2017-18, ASIC reviewed 47 superannuation trustees, which included ... |
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