insuranceNEWS.com.au - Life Insurance

Advisers warn compensation scheme could kill off profession

Mon, 13 May 2024 03:44:15 GMT

Advisers say the Compensation Scheme of Last Resort in its current set-up poses an “existential threat” to the profession, in their strongest criticism yet of the financial redress program...

Dispute referee rejects TAL ‘predatory’ sales allegation

Mon, 13 May 2024 03:44:04 GMT

A policyholder who said his insurer misleadingly sold him trauma cover via an unsolicited call from his bank has lost his bid to have his premiums refunded...

Financial services body steps up digital advice push

Mon, 13 May 2024 03:43:18 GMT

The Financial Services Council has announced the formation of the Digital Advice Expert Group to support provision of online advice to consumers...

ClearView ‘on track to hit targets’ after Q3

Mon, 13 May 2024 03:42:51 GMT

ClearView Wealth says it performed “broadly in line” with expectation during the quarter ending March...

TAL launches 2025 graduate recruitment drive

Mon, 13 May 2024 03:42:22 GMT

Life insurer TAL is seeking 11 candidates for its next graduate program...

Industry urged to step up family violence support

Mon, 06 May 2024 04:20:48 GMT

Life insurers need to improve their approaches to family violence, consumer advocate the Financial Rights Legal Centre says...

Premium rises ‘no way to grow’ industry

Mon, 06 May 2024 04:20:34 GMT

TAL Group CEO Brett Clark has urged life insurers to be less reliant on premium increases to grow, while regulator Suzanne Smith warns the industry faces many challenges that require an “adapt and innovate” mindset...

ASIC finds weak spots in super death benefit claims handling

Mon, 06 May 2024 04:20:16 GMT

Group death benefit complaints rose steeply between 2021 and last year, exposing gaps in superannuation trustees’ claims handling practices, an Australian Securities and Investments Commission review has found...

Adviser body seeks member views on advocacy goals

Mon, 06 May 2024 04:19:44 GMT

Financial Advice Association Australia has released its draft policy platform focusing on accessibility, professionalism and technology, and is seeking members’ feedback...

Life peak body, digital solutions group collaborate

Mon, 06 May 2024 04:19:21 GMT

The Council of Australian Life Insurers says financial services digital solutions provider Equisoft has become the first group to join its Partner Program...

NZ adviser body appoints professional development head

Mon, 06 May 2024 04:19:00 GMT

Financial Advice New Zealand has appointed former director Cecilia Farrow as Head of Professional Development, a newly created role aimed at supporting advisers’ needs...

Insurer must restore policy after misleading ill claimant

Mon, 29 Apr 2024 03:53:31 GMT

The Australian Financial Complaints Authority has told TAL Life Insurance to reinstate a 34-year-old’s policy after it found the company misled the man about his coverage before cancelling his payouts...

Financial services bodies flag education proposal to attract new blood

Mon, 29 Apr 2024 03:53:07 GMT

A coalition of financial services bodies has made a pitch to the Federal Government to arrest the declining numbers of advisers...

FSC signs up more advice licensees, appoints directors

Mon, 29 Apr 2024 03:52:51 GMT

The Financial Services Council has expanded its financial advice representation and appointed four new board directors...

TAL launches ethics courses for advisers

Mon, 29 Apr 2024 03:52:32 GMT

TAL is introducing four new courses for advisers on navigating conflicts, ethical dilemmas, recent client determinations and how embedding ethics can shape their advice and daily business...

APRA details life claims

Mon, 22 Apr 2024 04:06:15 GMT

The Australian Prudential Regulation Authority has released life claims statistics for last year...

Insurer made to pay for TPD claim delays

Mon, 22 Apr 2024 04:04:56 GMT

The Australian Financial Complaints Authority has awarded a policyholder $2000 compensation after finding her insurer has taken too long to assess a total and permanent disability claim...

ClearView says life strategy is working

Mon, 22 Apr 2024 04:04:42 GMT

ClearView Wealth says its life growth strategy is paying off as the business continues to gain market share...

MetLife secures UniSuper insurance tender

Mon, 22 Apr 2024 04:04:24 GMT

MetLife has won a contract to provide life insurance to UniSuper fund members from June 1...

Challenger upbeat amid ‘sales remix’

Mon, 22 Apr 2024 04:03:48 GMT

Challenger says the business performed well in the third quarter, supported by its core life division...