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Life Insurance

AMP charged dead clients life premiums

17 September 2018

AMP continued to charge clients who had died for life insurance premiums despite having been informed of their deaths, the Hayne royal commission into financial misconduct heard today…

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Freedom cuts phone sales after royal commission flak

17 September 2018

Freedom Insurance Group, under fire at the Hayne royal commission for its sales tactics, has dumped direct telephone calling for several products and appointed Deloitte to conduct a review of its strategy and operations…

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AMP slowest to decide life claims

17 September 2018

AMP was the slowest insurer to resolve life claims last financial year, but also had the lowest rejection rate, data provided by 10 insurers to the royal commission shows…

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TAL breaches standards, CommInsure medical definitions fail

17 September 2018

TAL breached professional standards and its actions fell below community expectations when it tried to halt income protection policy payments for a nurse who was suffering depression and anxiety, the Hayne royal commission heard last week…

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ASIC starts civil action against Dover, McMaster

17 September 2018

The Australian Securities and Investments Commission has taken Dover Financial Advisers and its former director Terry McMaster to court…

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FPA releases FASEA consultation papers

17 September 2018

The Financial Planning Association has released the seven submissions it has made to the Financial Adviser Standards and Ethics Authority during the year…

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PPS Mutual appoints state manager

17 September 2018

Specialist life insurer PPS Mutual has appointed Richard Hopwood to the new role of State Manager Queensland…

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