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Life Insurance

Cbus settles over payout delays

06 October 2025

Industry superannuation fund Cbus and its administrator MUFG Retirement Solutions have settled a lawsuit over delays processing death benefits and other life insurance claims...

Life specialist cops ban over ‘deceptive conduct’

06 October 2025

An adviser has been hit with an eight-year ban from the financial services industry after regulators found he engaged in deceptive behaviour when submitting life insurance applications for clients...

Resolution recruits finance chief

06 October 2025

Resolution Life has appointed Jeff Davies as CFO, replacing Jonathan Moss, who will become chief technical officer...

Genetic results ban out for feedback

29 September 2025

The federal government is consulting on draft laws banning the use of genetic test results in life insurance underwriting...

Super fund had to cancel cover, AFCA rules

29 September 2025

The financial services ombudsman has backed an insurer that cancelled death benefit cover under the Protecting Your Super reforms without informing the policyholder...

ASIC removes adviser’s licence

29 September 2025

The corporate regulator has cancelled a financial services licence after its holder failed to have Australian Financial Complaints Authority membership...

Super trustee penalised over coverage notifications

29 September 2025

Fund trustee Retail Employees Superannuation has been hit with two infringement penalties totalling $37,560 for allegedly making false or misleading insurance representations to members...

Cricket stars to speak at adviser conference

29 September 2025

Retired cricketers Adam Gilchrist and Mel Jones will speak at the closing session of the Financial Advice Association Australia annual conference in November...

AFCA seeks feedback on misrepresentation approach

22 September 2025

The financial services ombudsman has drafted new guidance on its handling of life insurance disputes related to the duty to take reasonable care not to make misrepresentations...

Industry needs ‘different playbook’ for under-40s

22 September 2025

About 68% of consumers aged under 40 in Australia and other advanced markets see life insurance as essential but are not acting on it, a report co-authored by consultant Capgemini has found...

PPS director takes top seat

22 September 2025

Specialist life insurer PPS says director Anthony Asher will become its next chair, replacing the retiring Mike Jackson...