Page 11 - Fair Dealing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The FMA case was based on three core breaches: purported enhancement of policy benefits; charging premiums after the termination of a policy and treating policies as terminated when they should have remained in force; and incorrect inflation adjustments. AIA wrongly told some customers they were entitled to cover enhancements for existing policies, also knowns as passback benefits. However, in reality the benefits only applied to policies after 2003. Supplied CEO Nick Stanhope says AIA NZ has reviewed its systems and processes so the situation doesn’t happen again. AIA misrepresented the...

Press Release – Financial Markets Authority Life insurer AIA has admitted making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Ttai Hokohoko. The case was filed in the Auckland High Court and alleges three … Life insurer AIA has admitted making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko. The case was filed in the Auckland High Court and alleges three causes of action under the Fair Dealing provisions (Part...

AIA Admits False And Misleading Representations To Customers In New Zealand Financial Markets Authority Fair-Dealing Proceedings Date 29/07/2021 Life insurer AIA has admitted making false and/or misleading representations to customers in proceedings brought by the Financial Markets Authority (FMA) - Te Mana Tātai Hokohoko.  The case was filed in the Auckland High Court and alleges three causes of action under the Fair Dealing provisions (Part 2) of the Financial Markets Conduct Act 2013 (the FMC Act).  AIA has agreed to admit all causes of action and will file a Notice of Admission ...

Australian mining billionaire and former politician Clive Palmer has been hit with a $1.5-million judgement over unauthorized use of the...

And now to what smells like hypocrisy.  As you may remember, Nine was one of the big news organisations accusing Google and Facebook of ‘stealing’ its content and was demanding millions of dollars in compensation. So, imagine our surprise to find that Nine’s A Current Affair has been doing some pilfering of its own. Last month, ACA viewers were treated to this stunning footage of outback Australia: NAT WALLACE: With overseas a COVID daydream, we’ve all been isolating in our own spectacular and oversized Aussie backyard, hitting the highways in a big way. A very big way. - A Current A...