Claimant wins TPD payout despite injury disclosure breach
02 December 2024
A painter who failed to tell his insurer about previous treatment for neck pain has won a court battle to have his total and permanent disability claim accepted...
Life Insurance
‘Smooth transition’ as AMP finalises advice deal
02 December 2024
AMP has today announced the completion of a deal for its advice business that was first flagged in August...
Life cover in firing line as consumers cut costs
02 December 2024
The Council of Australian Life Insurers warns financial security is taking a back seat after new data showed many people would reduce their life cover before cutting home or car insurance...
Melbourne adviser take top honours in FAAA awards
02 December 2024
Financial Advice Association Australia has presented awards to the profession’s standout performers...
Family violence charity secures MetLife grant
02 December 2024
Queensland-based DV Safe Phone has been chosen to receive funding from MetLife’s community impact grant program...
AIA launches online mental health consultations
02 December 2024
AIA is offering a virtual mental health support service for life customers and their immediate families...
Cancer victim loses dispute over death cover reinstatement
25 November 2024
The estate of a woman who made a trauma claim for breast cancer has lost its fight over a subsequent death claim because she died before cover could be reinstated...
Suspended adviser relied on old information
25 November 2024
The Financial Services and Credit Panel has suspended adviser Ian Reid’s registration for three months over breaches of his obligations...
Super reforms ‘a big win’ for retirees, industry says
25 November 2024
Life insurers have backed the federal government’s plans to reform the superannuation system...
ClearView addresses ASX query over claims loss update
25 November 2024
ClearView Wealth says the claims update given at its recent annual general meeting was not deemed “price-sensitive” and its long-term targets remain unchanged...
Kaplan opens enrolments as advisers eye education deadline
25 November 2024
Kaplan Professional has opened enrolments for next year’s postgraduate financial planning programs...
NZ creates power to tackle genetic test discrimination
18 November 2024
The New Zealand government has updated legislation to give it power to stop genetic testing discrimination by life insurers...
Insurer told to rethink denied TPD claim
18 November 2024
A truck driver whose total and permanent disability claim was rejected will have his case reassessed under a complaints ombudsman ruling...
MetLife moves to ease menopause impacts on financial, mental health
18 November 2024
A MetLife survey has detailed the financial and emotional toll of menopause, prompting the insurer to launch a pilot support program for customers...
Future2 awards financial wellbeing grants
18 November 2024
The Future2 Foundation has announced 12 recipients in this year’s grant program for projects promoting financial wellbeing in women, young Australians, people in need, and regional and remote communities...
Court backs AFCA decision in TPD claim dispute
11 November 2024
The Australian Financial Complaints Authority acted within its powers when handling a total and permanent disability insurance claim dispute, a court has ruled...
ClearView takes earnings hit after ‘poor claims experience’
11 November 2024
ClearView Wealth’s first-quarter earnings were affected by a “material increase” in claims from its legacy income protection and total and permanent disability businesses...
Offset clause cuts IP benefit to zero, AFCA rules
11 November 2024
The complaints ombudsman has ruled against a policyholder whose income protection benefit was reduced to zero because of an offset clause that stopped him claiming from more than one insurer...
Adviser body teams up with Indian counterpart
11 November 2024
Financial Advice Association Australia has signed an agreement with India’s Financial Planning Standards Board to increase opportunities for certified financial planners...
Insurer acts on discount breach
04 November 2024
A life insurer failed to provide promised discounts to policyholders for more than a year and discovered the error only after an “ad hoc” review of its internal processes...