Life Insurance

Further losses are likely in store for the life industry after it made an aggregate loss of $1.3 billion in the last financial year, compared with an $800 million profit in the previous year...

The Australian Labor Party has reiterated its stance against the commission model – indicating that major changes could be on the cards for advisers if the party wins the next federal election, which may be held as early as August next year...

The Federal Government says it is aware of advisers’ concerns over the cost impact of regulatory reforms and is considering ways to ease the burden to support the provision of affordable financial advice...

The Australian Securities and Investments Commission has suspended the financial services licence of Ballast Financial Management for 10 weeks after it was unable to obtain professional indemnity insurance...

Zurich-owned OnePath will provide total and permanent disability and death cover for the AFL Players Association after the group completed a review process...

ClearView has reported a 35% rise in underlying net profit to $6.9 million for the first quarter, underpinned by solid contributions from its life insurance division...

Investment group Challenger says its life annuity sales in the first quarter grew 46% to $1.23 billion from a year earlier...

MLC Life Insurance says the number of customers using its Mental Health Navigator service has almost doubled since the onset of COVID-19...

The Financial Services Council has announced the appointment of AMP Australia acting CEO Blair Vernon as a board director...

Third-party group insurance administrator Australian Group Insurances is introducing a new “brand aesthetic” with the launch of two refreshed websites...

The Financial Services Council is holding its 2020 Future of Advice Summit tomorrow, featuring industry, regulatory and academic leaders discussing Australia’s financial advice landscape in detail...