AFA supports disclosure reforms
10 April 2017
The Association of Financial Advisers has backed introducing more disclosure obligations for financial product issuers and distributors…
Life Insurance
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…
FPA calls for policy feature improvements
10 April 2017
The Financial Planning Association says consumers should derive benefits from the significant features of life insurance policies…
MLC intervention scheme wins innovation prize
10 April 2017
MLC Life Insurance has won a Canstar innovation excellence award for its pre-claim early engagement service…
AMP lifts premiums by up to 30%
03 April 2017
AMP has raised premiums on some life insurance products by up to 30.25%, citing claims experience and market conditions…
Productivity Commission excludes group life from super report
03 April 2017
Group life insurance is not considered an essential part of superannuation and the Productivity Commission will not comment on models in its review of the sector…
Choice urges ASIC to stop commissions
03 April 2017
Choice wants the Australian Securities and Investments Commission to phase out life insurance commissions…
Katter launches fresh bid for financial services inquiry
03 April 2017
Queensland MP Bob Katter has set in motion yet another possible inquiry into the financial services industry…
ASIC funding model hurts compliant advisers, AFA says
03 April 2017
The Association of Financial Advisers fears the proposed model for funding the Australian Securities and Investments Commission will be unfair on members…
AMP overhauls advice business, management
03 April 2017
AMP has shaken up its advice business, with a new structure and changes to the management line-up…
Tough times predicted for European life market
03 April 2017
European life insurers face shrinking business volumes and profitability, according to a new report from Chinese research house Dagong Europe Credit Rating…
FPA calls for tax breaks on advice
03 April 2017
The Financial Planning Association says initial financial plans and ongoing management fees or retainers should be tax deductible…
BT and AIA dominate FSC awards
03 April 2017
AIA and BT were big winners at the Financial Services Council’s Life Insurance Awards…
Life advisers take seats on ASIC committee
03 April 2017
Most appointees to the Australian Securities and Investments Commission’s new financial adviser panel are authorised to sell life insurance products…
Sentry names award-winning advisers and practices
03 April 2017
Dealer group Sentry has given its life risk practice of the year award to Queensland-based Lifecover Australia…
ASIC clears CommInsure of legal breach allegations
27 March 2017
The Australian Securities and Investments Commission has cleared CommInsure of any legal breaches related to using out-of-date medical definitions in policies…
AFA calls for ASIC levy to reward good behaviour
27 March 2017
Advisers’ good behaviour should be recognised through lower levies to fund the Australian Securities and Investments Commission, the Association of Financial Advisers says…
BT hails its life insurance business
27 March 2017
BT Financial Group considers its life insurance business an integral part of operations that is delivering good results, according to CEO Brad Cooper…