Financial Services Bulletin - February 2019
- Published 01.02.2019
Welcome to the Financial Services Bulletin (FSB) – February Edition, 2019
What's happening here and now
And the winner of the 2018 ALUCA TurksLegal Scholarship is…Evgeney Schkola, Case Manager, CommInsure!
The LIFT “Life Insurance Future Thinking” Roundtable event was held in Sydney highlighting ‘Mental Health: Working together to build better outcomes'
The industry’s proposal that life insurers should be permitted to have greater involvement in rehabilitation processes, so that sick and injured claimants can get back to work sooner was the subject of a report from the Parliamentary Joint Committee on Corporations and Financial Services on 20 September 2018
Life insurers are now required to report on claims and disputes data to APRA with the release of new compulsory standards
On 20 September 2018, the Treasury Laws Amendment (Design and Distribution Obligations and Product Intervention Powers) Bill 2018 was referred by the Senate to the Economics Legislation Committee for inquiry. On 9 November 2018, the Committee released its report recommending the Bill be passed, with no changes suggested
Cases and Tribunal Decisions
TPD: Stage 1 in the post-Jones era
Fraud - A Conscious Indifference to the Truth
Court Rules on Offset Provisions
Court Scrutinises Insurer’s Decision
Recent FOS & SCT Decisions
- Circumstantial Silence by Trustee Deemed Misleading and Deceptive Conduct
- Binding Death Benefit Nomination Deemed Valid Despite Allegation of Duress and Coercion
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