Lawyers call for mandatory group cover
12 December 2016
Insurance within superannuation should be mandatory over the age of 25, law firm Maurice Blackburn says in a submission to a life industry inquiry…
Life Insurance
CBA dealer groups complying on advice remediation: report
12 December 2016
Commonwealth Bank dealer groups have complied with most of the conditions imposed by the Australian Securities and Investments Commission, a review has found…
Beyondblue hits out at mental health exclusions
12 December 2016
Life insurers should immediately remove mental health exclusions from all products, according to Beyondblue…
Super fund members value income protection: AIA study
12 December 2016
Income protection cover within superannuation is considered among the most valuable components of group life insurance, a new AIA Australia survey shows…
Japanese insurers tipped to continue global buying spree
12 December 2016
Japanese life insurers will continue their overseas expansion, “driven by a saturated domestic market”, Fitch says…
ASIC takes Lionsgate off watch list
12 December 2016
The Australian Securities and Investments Commission has finished monitoring Lionsgate Financial Group…
Clawback concern raised as reform passes lower house
05 December 2016
The Labor Party remains concerned about clawback periods despite the House of Representatives passing the Life Insurance Framework legislation…
Fee-for-service model fatally flawed, industry veteran says
05 December 2016
The financial advice industry “has its head in the clouds” if it thinks a fee-for-service model is better than commissions when selling life insurance, Synchron director Don Trapnell says…
AMP Life changes leadership
05 December 2016
The head of AMP’s life insurance business Pauline Blight-Johnston has been replaced and will leave the company in a management shake-up…
Freedom targets growth after listing
05 December 2016
Direct insurer Freedom Insurance Group has listed on the Australian Securities Exchange after raising $15 from investors, giving a market capitalisation of $90 million…
Research shows high satisfaction with advisers
05 December 2016
Most clients of financial advisers are satisfied with their service, a study commissioned by the Financial Services Council and the Australian Research Council shows…
Region suffers spike in breast cancer rates
05 December 2016
Asia-Pacific breast cancer rates are increasing rapidly, with global distribution of new cases shifting towards the region…
Life CEO secures Challenger promotion
05 December 2016
Challenger Life CEO Richard Howes has been appointed CEO Distribution, Product and Marketing at the parent company…
Asian insurers look offshore for asset growth
05 December 2016
Asian life insurers’ investment assets will grow at a five-year compound rate of 14.7% to $US4.8 trillion by 2020, according to a forecast by Cerulli Associates…
Suncorp swaps adviser heads
05 December 2016
Suncorp’s Head of Wealth and Life Intermediaries Mark Vilo will swap roles with Head of Bank Intermediaries Steven Degetto next year…
AFA demands action on ‘glaring deficiency’ in life code
28 November 2016
The Association of Financial Advisers wants the Life Insurance Code of Practice revised to include group life and legacy products…
CFP advisers win tax law concession
28 November 2016
The Tax Practitioners Board has recognised the Certified Financial Planning program as an approved course in Australian tax law…
AIOFP attacks insurers on churn issue
28 November 2016
Life insurers are to blame for churning because they put pressure on advisers to recommend new products to clients, an adviser group says…
Adviser banned for ‘one-size-fits-all’ insurance approach
28 November 2016
A Westpac adviser has been banned for eight years for over-insuring clients…
FPA fee code secures ASIC approval
28 November 2016
Financial Planning Association members will be excused from providing fee renewal notices every two years if they sign up to the body’s Professional Ongoing Fees Code…