Losses mount in income protection business
23 November 2015
Life insurers are still losing money on income protection cover, according to the latest industry data from the Australian Prudential Regulation Authority…
Life Insurance
MLC cuts stepped premiums for older customers
23 November 2015
MLC has cut stepped life and total and permanent disability insurance premiums by 15% for new customers…
Rantall to vacate top job at FPA
23 November 2015
Long-serving Financial Planning Association CEO Mark Rantall will leave in February, to be replaced by GM Policy and Conduct Dante De Gori…
Workers lack life cover, study shows
23 November 2015
Only one-third of respondents to a survey on financial advice have life insurance, while just 25% hold disability or income protection cover, according to new financial practice Map My Plan…
Brisbane adviser wins FPA accolade
23 November 2015
Brisbane-based adviser Christopher Smith has been named the Financial Planning Association’s Certified Financial Planner professional of the year…
Findex unites business units under one roof
23 November 2015
Financial Index Wealth Accountants has restructured its operations and begun a rebranding exercise to reflect its comprehensive services offering…
Life framework not all bad news: Rice Warner
16 November 2015
Rice Warner says reduced life insurance commissions for advisers will have a huge impact…
YBR life sales slow after growth spurt
16 November 2015
Yellow Brick Road says life insurance premium growth has slowed after a stellar result last financial year…
Asteron offers premium freeze, but conditions apply
16 November 2015
Asteron Life will freeze premiums on all new business written from next July 1, to help advisers through the Life Insurance Framework transition…
MLC keeps a watch on policyholders’ health
16 November 2015
MLC has introduced a wellness program that offers premium reductions through the use of smartwatches…
Ex-Industry Funds Services CEO to run adviser practice
16 November 2015
Melbourne-based advice practice Paradigm Group has recruited former Industry Funds Services chief Bill Danaher as CEO…
Government sticks to clawback proposal, with two-year cap
09 November 2015
Life insurance advisers will face clawback clauses under the final Life Insurance Framework announced by the Federal Government on Friday evening…
Most advisers taking steps to handle reforms, survey shows
09 November 2015
Almost two-thirds of advisers say they are prepared for the forthcoming Life Insurance Framework, a new study shows…
Warning over bogus agents stealing life commissions
09 November 2015
Identity theft has taken a new turn in the US, with fraudsters stealing life insurance agents’ details to claim their commissions, Gen Re VP and Chief Underwriter Keith Brown says…
Sunsuper extends AIA group life mandate
09 November 2015
AIA Australia has held on to its Sunsuper group life mandate, which was due to expire next July…
Super fund REST creates customer service, advice roles
09 November 2015
REST Industry Super has appointed Beth Parkin as GM Customer Service and Deborah Potts as National Manager Advice, both newly created roles…
Nippon takes life business off NAB for $2.4 billion
02 November 2015
NAB has sold 80% of MLC’s life insurance business to Nippon Life for $2.4 billion and agreed to continue distributing product for the next 20 years…
Zurich emerges as big winner in direct life awards
02 November 2015
Zurich Financial Services has won this year’s Plan For Life direct life insurance excellence award…
Group life drives OnePath performance
02 November 2015
ANZ-owned OnePath has reported a 3% rise in inforce premium to $2.2 billion for the year to September 30…
Former Perpetual director to lead Shadforth
02 November 2015
IOOF-owned Shadforth Financial Group has appointed Angus Benbow as its new CEO, replacing Nick Bedding, who left in August…