SCT Rulings, Dominated by Life Insurance Complaints

The last quarter of 2012 financial year saw a great number of life insurance complaints filed at the Superannuation Complaints Tribunal. Telephone complaints coming from fund members totaled 2809 while the number of written complaints reached 627.   Summary of complaints with decisions by both fund trustees and insurers upheld by the SCT:   In…

Life Insurance and Income Protection – Frequently Asked Questions

Some people have second thoughts about protecting themselves with Life Insurance and Income Protection as they find them unnecessary, only to realise later on that it can provide them and their families with the financial assistance that they need. Life Insurance and Income Protection are two of the most common types of insurance. Sickness, accident,…