code of practice

Financial planning

FSC extends life code to bushfire victims

The Financial Services Council will treat bushfire victims making claims as vulnerable customers requiring addition support under the FSC Life Insurance Code of Practice....

Life/Risk

ASIC may want codes of practice strengthened before granting approval

ASIC will likely require some insurance code of practice provisions are strengthened before it approves the code, and these requirements may extend to other industry bodi...

Life/Risk

Call for more mandatory training in life/risk

Life risk industry veteran, Michael Molesworth, has warned that underwriters and claims assessors need to be subject to more stringent education requirements or risk comm...

Financial planning

Banking Code of Practice doesn’t need extending: COBA

The Banking Code of Practice does not need to be extended to banks, unions and societies that aren’t ABA members, says the Customer Owned Banking Association. ...

Policy & Regulation

Banking Code should be universal: ABA

The new Banking Code of Practice should be adopted across the entire industry, including credit unions, building societies and other lenders, according to the Australian ...

Superannuation

Insurance inside super code falls flat

The lack of enforceability around the insurance inside superannuation Code of Practice has resulted in it getting a muted and highly qualified welcome in many superannuat...

Life/Risk

Too many loopholes in life insurance code

The Life Insurance Code of Practice falls short of reasonable community expectations about how insurers should behave, an insurance lawyer believes....

Tools & guides

Short-comings of traditional wisdom

In part one of a two-part article, Col Fullagar will consider an alternative way to achieve Trowbridge's suggested reforms for life insurance companies, and in so doing s...

Financial planning

FSC code of practice delayed

The FSC’s new Life Insurance Code of Practice faced a delay of three months from its 1 July deadline after it identified areas requiring improvement following industry co...