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Life Insurance

ASIC acts over planners’ advice failings

29 January 2018

Queensland’s Breakaway Finance Group will cancel its financial services licence under an enforceable undertaking to the Australian Securities and Investments Commission, as the regulator continues to crack down on planners…

Advisers warned over death nomination process

29 January 2018

The Australian Securities and Investments Commission says financial advisers are cutting corners when witnessing signatures for superannuation death benefit nomination forms…

Regulator takes Financial Circle to court

29 January 2018

The Australian Securities and Investments Commission has started Federal Court action against Melbourne-based Financial Circle over its advice and tactics…

Research explores automated underwriting

29 January 2018

ANZ Wealth is collaborating with the Advanced Analytics Institute at the University of Technology Sydney to explore opportunities for artificial intelligence to improve the life insurance underwriting process…

FPA welcomes clarity on education

29 January 2018

An announcement by the Financial Adviser Standards and Ethics Authority on mandatory education pathways for current financial planners has been welcomed by the Financial Planning Association of Australia…

Customer satisfaction dips

11 December 2017

Overall satisfaction with life insurers has declined marginally to 66.2% from 67.5% last year, according to the annual Roy Morgan Single Source survey of more than 50,000 consumers…

Kaplan calls for shake-up of CPD system

11 December 2017

Kaplan Professional says advisers should embrace “lifelong learning” rather than the current process-driven approach to professional education…

Austock Life rebrands, splits CEO role

11 December 2017

Austock Life has changed its name to Generation Life and appointed Catherine van der Veen and Lucy Foster to replace Ross Higgins and act as joint CEOs…

ASIC bans pair over false insurance applications

11 December 2017

Found Financial Services principals Matthew Wallis and Rochelle Manoharan have been permanently banned from providing financial services after making false life cover applications…

Infocus CEO steps down

11 December 2017

Rod Bristow has left Infocus Wealth Management after six years as CEO…