Sluggish growth predicted for ‘mature’ Asia
24 April 2017
Life insurance premiums in mature Asia-Pacific markets including Australia are expected to rise only 1.4% in the next eight years, according to a new report from Munich Re…
Life Insurance
‘Weak’ FSC product list standard cops criticism
24 April 2017
The Financial Services Council’s new Life Insurance Approved Product List standard will not apply to platforms and non-institutionally owned dealer groups, because they are not part of the organisation…
Life framework ‘poses threat to independence’
24 April 2017
The loss of independent life advisers to help clients during claims will be devastating, and new legislation is to blame, according to MBS Insurance partner Trevor Shipton…
Move now or risk sinking, business sales broker warns
24 April 2017
Older advisers are continuing to delay selling their practices in the belief higher offers will emerge, according to Connect Financial Service Brokers founder Paul Tynan…
Banking sales bonus report calls for adviser reform
24 April 2017
A report recommending changes to sales-driven remuneration packages for bank staff says the new model should extend to financial advisers employed by the institutions…
Challenger annuity sales continue to soar
24 April 2017
Challenger annuity sales grew 53% to $880 million in the March quarter…
AFA opens education award nominations
24 April 2017
Nominations are open for the Association of Financial Advisers’ 10th excellence in education award…
Asteron offers discounts for healthy lifestyles
24 April 2017
Asteron Life will give premium discounts of up to 25% to customers with healthy lifestyles, while its application process for healthier clients has been simplified for advisers…
Zurich upgrades life app
24 April 2017
Zurich Financial Services Australia is replacing its LifeXpress mobile app…
Synchron expands into SA and NT
24 April 2017
Synchron has become a national dealer group with the appointment of a manager for SA and NT…
Insurers misuse mental health diaries, AFA says
10 April 2017
The Association of Financial Advisers has called for standards and set periods around the use of daily activity diaries during mental health claims…
ANZ to sell OnePath, but remain in market
10 April 2017
ANZ has confirmed OnePath is for sale, but has not ruled out a listing for its wealth business…
Adviser standards body names board
10 April 2017
The Federal Government has appointed Catherine Walter as Chairman of the new Financial Adviser Standards and Ethics Authority for a four-year period…
ASIC turns fire on ‘inappropriate sales tactics’ in direct life
10 April 2017
Direct life insurance is to face the same scrutiny as advised sales, according to the Australian Securities and Investments Commission…
Heart disease tops death chart, with dementia on rise
10 April 2017
Heart disease remains the leading cause of death in Australia, according to latest figures from the Australian Bureau of Statistics…
Staff show willing on workplace coverage: MetLife
10 April 2017
Many employees would contribute to employers buying them life, health or medical insurance, a new MetLife study shows…
AFA supports disclosure reforms
10 April 2017
The Association of Financial Advisers has backed introducing more disclosure obligations for financial product issuers and distributors…
Adviser sentiment improving, Zurich study shows
10 April 2017
Life insurance adviser sentiment has improved in the past 14 months, according to a new survey commissioned by Zurich Financial Services Australia…
Practice guilty on best-interest breaches
10 April 2017
Advice practice NSG Services has been found guilty of breaching best-interests duty obligations…
Industry group calls for deadlines on group claims
10 April 2017
A paper examining claims management in group life insurance recommends maximum timeframes for responding to superannuation fund members’ requests…