Super members paying too much for cover: O’Dwyer
26 March 2018
Minister for Revenue and Financial Services Kelly O’Dwyer has raised concerns that superannuation members do not receive value for money from default insurance premiums…
Life Insurance
TAL to refund funeral cover customers
26 March 2018
TAL Direct will offer refunds totalling $900,000 to 1200 Insuranceline customers after the insurer breached the terms of funeral insurance policies…
FMA adviser survey exposes poor conduct
26 March 2018
New Zealand life insurance advisers are engaging in practices that are not in clients’ best interests, according to an industry review by the Financial Markets Authority…
FASEA unveils draft adviser education guidance
26 March 2018
The Financial Adviser Standards and Ethics Authority has released draft guidance on education pathways for financial advisers…
AMP chief to step down
26 March 2018
AMP CEO Craig Meller will retire towards the end of this year, according to a statement released to the Australian Securities Exchange this morning…
TAL, CommInsure managers share FSC leadership award
26 March 2018
The Financial Services Council has awarded its annual industry leader prize to TAL GM Group Insurance Jenny Oliver and CommInsure Senior Manager Rehabilitation Services Julie-Ann MacCormick…
PwC plots way forward for life insurers
19 March 2018
Life insurance companies must refocus on their strategic strengths amid technological disruption, regulatory changes and eroding public trust, according to PwC…
TAL dominates AFA awards
19 March 2018
TAL has won the Association of Financial Advisers and Strategic Insight life company of the year award…
NobleOak, Virgin take Canstar income protection awards
19 March 2018
NobleOak Life has topped a Canstar review of the direct income protection market for the third year running…
Vision Super joins group cover code
19 March 2018
Vision Super has signed up to the Insurance in Superannuation Voluntary Code of Practice – the latest fund to commit to the guidelines on group cover…
Momentum wins NZ licence to underwrite
19 March 2018
Momentum Life will underwrite its own policies after obtaining a life insurance licence from New Zealand regulatory authorities…
Cigna NZ welcomes back former CEO
19 March 2018
Cigna New Zealand’s former CEO Gail Costa is to return to her old job…
Advisory firm expands into insurance
12 March 2018
Business advisory firm Ecovis Clark Jacobs has formed a new insurance joint venture, allowing it to expand its accounting, taxation and audit service offering…
Takeovers to cement major players’ market dominance
12 March 2018
Australia’s six largest life insurers will increase their share of inforce premium to almost 88% once the latest round of takeovers is completed, according to a report by market analyst Strategic Insight…
APRA urges super funds to back code
12 March 2018
The Australian Prudential Regulation Authority has urged superannuation fund trustees to sign up to the Life Insurance Code of Practice…
AIA worker health study returns
12 March 2018
AIA Australia will hold its second annual survey of worker lifestyles, clinical indicators, stress and mental health, to understand impacts on wellbeing and productivity…
Super fund signs up for life code
12 March 2018
MTAA Super has signed up for the Insurance in Superannuation Working Group’s Life Insurance Code of Practice…
Report breaks down industry trends
12 March 2018
Smoking trends have changed little in the past five years, according to a Strategic Insights report on the life insurance industry…
APRA releases final revised reinsurance standard
12 March 2018
The Australian Prudential Regulation Authority has released a final revised Prudential Standard LPS 230 following consultation in November…
FPA roadshow focuses on education standards
12 March 2018
The next Financial Planning Association National Roadshow aims to inform members about proposed Financial Adviser Standards and Ethics Authority standards…