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royal commission
Superannuation
New research has revealed declining satisfaction with retail funds among high account balance holders while industry funds gain the benefits....
Insurance
The Financial Services Council has called on financial institutions to improve their response time to incidents, saying that action was urgently needed if they were going...
Insurance
At least four of AMP’s corporate superannuation clients are in the process of reviewing their arrangements in the wake of successive rounds of hearings before the Royal C...
Insurance
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry has canvassed whether institutionally-owned superannuation funds shoul...
Insurance
Life/risk insurers have been placed on notice that the Royal Commission may recommend measures to hold them responsible for psychiatric injury inflicted on clients by cla...
Insurance
The Royal Commission has heard that Allianz is checking past compliance issues to see if they should have been reported to a regulator, in addition to its approximately 1...
Insurance
The Royal Commission today heard that AMP failed to refund members’ estates for fees charged on life insurance after AMP knew they had died....
Insurance
The Royal Commission has heard that a CommInsure customer was denied a claim following breast cancer treatment, despite two doctors confirming to the insurer that her pro...
Insurance
The Royal Commission has heard that CommInsure ran misleading and deceptive ads, with Commissioner Kenneth Hayne QC suggesting that its reprimand for doing so by ASIC was...
Insurance
In a hearing littered by admissions of wrongdoing by Clearview, the Royal Commission has heard the insurer’s chief and risk officer, Gregory Martin, detail how the firm b...
Superannuation
Slater and Gordon has launched class actions following allegations arising from the Royal Commission, with CFS and AMP likely to be the first targets....
Insurance
The Royal Commission has heard of the issues which gave rise to ClearView closing its Direct business including ‘random incentive days’ and trips to Queenstown, New Zeala...
From my perspective, 40- 50% of people are likely going to be deeply unhappy about how long they actually live. ...
Super director remuneration ...
No doubt true, but most of it is still because over 45’s have been upgrading their houses with 30 year mortgages. Money ...