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Life Insurance

Legislation extends TPD complaints time

22 October 2012

The time limit for lodging total and permanent disability claims with the Superannuation Complaints Tribunal has been extended to six years under the latest tranche of Stronger Super legislation…

Health providers form joint venture

22 October 2012

Three health services support companies have joined forces to provide medical risk management for the life and general insurance industries…

Hood Sweeney keeps AFSL despite Countplus stake

22 October 2012

Commonwealth Bank-owned Countplus has taken a 25% stake in SA accounting firm Hood Sweeney, which will maintain its own financial services licence and continue to operate independently…

Challenger records flat annuity sales

22 October 2012

Challenger Life made $558 million of annuity sales in the three months to September 30 – the same figure recorded in the previous corresponding period…

BOQ life insurance sales hold steady

22 October 2012

The Bank of Queensland’s life insurance premiums remained flat in the 12 months to August 31, reaching $40.9 million compared with $40.3 million in the previous year…

Ads raise consumer trust in FPA

15 October 2012

The Financial Planning Association says its consumer advertising campaign has increased awareness and improved the public’s perception of members…

APRA issues guide on MySuper transition plans

15 October 2012

Super funds will have to provide the Australian Prudential Regulation Authority with copies of their MySuper transition plans, under the terms of a new draft practice guide…

Life market keeps growing

15 October 2012

Life insurance premiums increased 11.9% in the 12 months to June 30, according to figures from Plan For Life…

Plan B and Clearview bids wrap up

15 October 2012

IOOF’s $49.1 million takeover of Plan B is moving into the completion phase, with the company having secured 96.05% of shares when the bid closed last Tuesday…

AFS reviews adviser relationships

08 October 2012

Australian Financial Services Group CEO Alan Logan has instigated a strategic review to define the company’s direction following the Future of Financial Advice reforms…

AFA announces rising stars

08 October 2012

The Association of Financial Advisers has named five finalists for its Rising Star of the Year Award, with Victorians dominating for the second year in a row…