A court has ruled that indemnity insurers must pay a claim by Bank of Queensland, after finding that a class action is a single claim and not multiple claims. read more
Insurance, funds and super (218 items)
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ASIC has found there are still serious shortcomings in the way big financial institutions manage compliance in their personal financial advice businesses. These failings include inadequate audit processes, inadequate background and reference checking, and inadequate breach reporting. read more
The Life Code Compliance Committee has issued the first sanction under the Life Insurance Code of Practice, calling out ANZ’s OnePath Ltd for failing to implement agreed remedial action. read more
New Zealand payday lender NZ Fintech Ltd (trading as Moola) is facing legal action from the Commerce Commission, which alleges it has failed to act as a responsible lender. read more