02 November 2020
Nearly half of registered advisers have passed a mandatory exam with more than 14 months of the transition period remaining, a Senate Estimates Economics Legislation Committee hearing was told last week...
02 November 2020
Investment group Challenger says its annuities business has had a strong start to fiscal 2021, with record quarterly annuity sales and significant progress in deploying Challenger Life’s cash balance into higher-yielding investments...
02 November 2020
New Zealand insurer Fidelity Life has appointed Melissa Cantell as CEO, effective January 25...
02 November 2020
Direct Life insurer NobleOak has won this year’s Overall Excellence award in direct life insurance at the Plan For Life Insurance Awards...
02 November 2020
Honor Grant-Hennessy, the Senior Group Underwriter at OnePath Life/Zurich, has been awarded this year’s ALUCA TurksLegal Scholarship...
26 October 2020
Consultancy Rice Warner has proposed a new advice model that it says will help take the under-pressure industry forward...
26 October 2020
Disability income insurance policies topped the claims paid ratio in two out of the four channels where the products are distributed, new data from the Australian Prudential Regulation Authority shows...
26 October 2020
Westpac’s full-year financial results, which will be released next Monday, will contain a $406 million writedown of its life insurance business...
26 October 2020
Life risk premium inflows fell 6.4% to $15.9 billion in the year to June 30 as every insurer, with the exception of market leader TAL and ClearView Life, recorded declines during the period, new data from actuaries and researchers Plan for Life shows...
26 October 2020
Former financial planner Sam Henderson has been sentenced to a two-year good behaviour bond and fined $10,000 after being convicted of issuing defective disclosure documents and dishonest conduct...
26 October 2020
Joanne Faglioni, the former head of claims for OnePath who became Chief Claims Officer handling retail and group claims for Zurich and OnePath Life, has won the Leadership Award at last week’s Australasian Life Underwriting and Claims Association annual awards...
26 October 2020
Count Financial announced today it will provide an educational program for its network of risk advisers in collaboration with MetLife Australia...
19 October 2020
Further losses are likely in store for the life industry after it made an aggregate loss of $1.3 billion in the last financial year, compared with an $800 million profit in the previous year...
19 October 2020
The Australian Labor Party has reiterated its stance against the commission model – indicating that major changes could be on the cards for advisers if the party wins the next federal election, which may be held as early as August next year...
19 October 2020
The Federal Government says it is aware of advisers’ concerns over the cost impact of regulatory reforms and is considering ways to ease the burden to support the provision of affordable financial advice...
19 October 2020
The Australian Securities and Investments Commission has suspended the financial services licence of Ballast Financial Management for 10 weeks after it was unable to obtain professional indemnity insurance...
19 October 2020
Zurich-owned OnePath will provide total and permanent disability and death cover for the AFL Players Association after the group completed a review process...
19 October 2020
ClearView has reported a 35% rise in underlying net profit to $6.9 million for the first quarter, underpinned by solid contributions from its life insurance division...
19 October 2020
Investment group Challenger says its life annuity sales in the first quarter grew 46% to $1.23 billion from a year earlier...
19 October 2020
MLC Life Insurance says the number of customers using its Mental Health Navigator service has almost doubled since the onset of COVID-19...