23 May 2022
The Australian Financial Complaints Authority has upheld a superannuation trustee’s decision to distribute the death insurance benefit of a deceased member, who was murdered, to his children, dismissing a challenge from a woman who insisted she should receive half of the payout since she was his de facto spouse at the time of his death...
23 May 2022
Former NSW adviser Ezzat-Daniel Nesseim has been sentenced to a three-year intensive correctional order for engaging in dishonest conduct and providing falsified documents to the corporate regulator...
23 May 2022
Investment management firm Challenger has unveiled plans to set up a customer division and made changes to its leadership team, as the business works to expand its reach across more channels...
23 May 2022
Mid-sized insurers MetLife and QInsure, along with NobleOak, led the way as the life industry increased its overall risk premium inflows last year to $17.6 billion, up 5.5% from 2020, according to researcher Plan for Life...
23 May 2022
Education and training provider Kaplan Professional says a record number of financial advisers graduated from postgraduate financial planning qualifications last year and in 2020...
16 May 2022
The corporate regulator’s civil penalty proceedings against AMP over the alleged deductions of life premiums and advice fees from deceased customers’ accounts are listed for trial later this year in the Federal Court...
16 May 2022
A man whose wife’s $97,200 death cover in her super fund was cancelled and replaced by a more restrictive policy has lost a dispute after a claim was denied...
16 May 2022
Life settlements fund manager Laureola Advisors is scaling up its presence in Australia, two years after it launched a “soft entrance”...
16 May 2022
AIA New Zealand has announced new online offerings that it says are designed to address the 71% insurance protection gap in the country...
16 May 2022
Integrity Life says Ashish Khurana has joined as Chief Technology Officer...
09 May 2022
Zurich Australia is launching a new advice business, as the insurer looks to step up its retail life presence...
09 May 2022
Over the last few years, insurers have rolled out many new technologies to keep up with market demands. For insurers focused on innovation, artificial intelligence, robotics process automation and data analytics have all become critical tools for underwriters today...
09 May 2022
Advice practices have a significant presence on social media but converting their online activities into business referrals remains a challenge, a BT survey has found...
09 May 2022
MLC Life Insurance has launched a digital claims service aimed at improving customer experience...
09 May 2022
Nib Holdings has completed its $NZ45 million acquisition of Kiwi Insurance after the deal secured regulatory clearance...
09 May 2022
Synchron Director Don Trapnell will take over as Chairman from Michael Harrison, who is retiring after 15 years with the business...
02 May 2022
More than half of superannuation fund members have not heard of the Federal Government’s “stapling” reforms and just 25% say they understand what they are covered for under their life policies, according to a report by MLC Life Insurance...
02 May 2022
Fitch Ratings says it expects Resolution Life Australasia to acquire more “runoff” business as a way to diversify its balance sheet, noting ongoing changes in the life sector have given rise to “potential” investment targets...
02 May 2022
MLC failed to give the required one month’s written notice when it raised the critical illness premiums of a policyholder, the Australian Financial Complaints Authority says in a dispute ruling...
02 May 2022
The Australasian Life Underwriting and Claims Association has released the shortlist of contenders in the running for its annual excellence awards...