Life insurance claims specialist, Col Fullagar says life insurers appear to be falling back into their bad old ways, including using the Government’s COVID-19 stimulus measures such as JobKeeper against people on claim.
Although research houses tend to take a case-by-case approach, it’s usually not the fund performance but movement of the key personnel and client business that leads to changes and mid-cycle review of the ratings.
State and territory governments are being urged to adopt consistent power of attorney laws to prevent elder financial abuse, as they meet today regarding a scope for a national register of power of attorney instruments.
Industry funds who have sponsored a major television advertising campaign against the Government’s Your Future, Your Super legislation have been accused of seeking to bully and intimidate the Government and, through it, the Parliament.
The corporate regulator’s contracts for difference product intervention order now allows maximum leverage available to retail clients to range from 30:1 to a 2:1 depending on the underlying asset class.