NZ revises advice industry code
19 September 2016
New Zealand financial advisers must now ensure clients understand any limitations in the personalised service they receive…
Life Insurance
AFA names award finalists
19 September 2016
The Association of Financial Advisers has named the finalists for its adviser, practice and female excellence in advice awards…
Life insurer disputes outnumber adviser cases: FOS
12 September 2016
Disputes concerning life insurers lodged with the Financial Ombudsman Service outnumbered those against financial advisers in the year to June 30…
Industry ‘must celebrate’ strong claims record
12 September 2016
The life insurance industry should better promote the benefits it provides consumers by paying most claims, according to BT Head of Life Insurance Phil Hay…
Life cover searches reveal ‘robust’ requirements
12 September 2016
Research among more than 10,000 users of the Canstar product ratings website shows that more than 40% of people searching for life insurance are seeking cover above $1 million…
Life practice joins forces with Sydney accountants
12 September 2016
MBS Insurance has formed a joint venture with Pitcher Partners Sydney to sell life insurance to the business advisory group’s clients…
Australians remain underinsured: report
12 September 2016
Most people still lack enough life insurance to cover their needs, according to Rice Warner’s latest Underinsurance in Australia report…
Canstar hails ClearView and OnePath value
12 September 2016
ClearView and OnePath have been named Canstar Outstanding Value winners in the product ratings group’s annual life insurance awards…
ClearView acts on income protection premiums
12 September 2016
ClearView has increased premiums on income protection products to counter losses in the sector…
AFA flags issues with life insurance code
05 September 2016
The Association of Financial Advisers says it still has concerns about the revised draft Life Insurance Code of Practice compiled by the Financial Services Council…
Settlement a moral duty at last resort: Gen Re
05 September 2016
Insurers should set return to work as their goal in disability claims, but sometimes a settlement is the best outcome for both parties, according to Gen Re Principal Claims Adviser Rob Frank…
AFA forced to hold EGM
05 September 2016
The Association of Financial Advisers has bowed to pressure from its membership and agreed to hold an extraordinary general meeting…
Royal commission falls just short
05 September 2016
A royal commission into Australia’s banks – which would also have involved the life insurance industry – was narrowly avoided last week as politicians in the House of Representatives staged a series of strategic manoeuvres…
Asteron changes life insurance definitions
05 September 2016
Asteron Life will include the terminal illness benefit definition “unlikely to survive more than 24 months” in its retail and group life policies, including on current Life Complete insureds…
Diversa produces strong pre-takeover results
05 September 2016
Diversa says revenue from providing services to superannuation funds, including group life, grew by $1 million to $5.9 million in the year to June 30…
Advisers desert life business
29 August 2016
More advisers have moved away from life insurance, with 12% writing no new business in the past year, according to a new Investment Trends survey…
Big picture lost as AFA descends into infighting
29 August 2016
It started as a battle between life insurance companies and advisers, but has escalated to civil war in the Association of Financial Advisers…
Adviser channel lifts ClearView life business
29 August 2016
ClearView has reported a 60% increase in after-tax profit for its life insurance business, rising to $24.5 million last financial year…
Study reveals underinsurance, financial literacy link
29 August 2016
Few workers believe they have adequate life insurance, according to a new survey conducted for Workplace Super Specialists Australia…
Mortgage Choice planners beat profitability target
29 August 2016
Mortgage Choice’s financial planning business has reported a 38% rise in gross profit to $1.7 million for the year to June 30…