Industry profit collapses as investments, underwriting earnings drop
03 March 2025
The life industry suffered a weak December quarter as investment returns plunged and key risk products delivered lower underwriting earnings...
Life Insurance
ClearView reprices legacy products after earnings slide
03 March 2025
ClearView Wealth has posted weaker first-half-earnings and says repricing of its LifeSolutions product is a focus after the legacy portfolio caused a claims loss in the first quarter...
Acenda names inaugural chair
03 March 2025
MLC Life Insurance independent non-executive director Craig Dunn has been appointed chair of Acenda...
Former CBA exec to head TAL board
03 March 2025
TAL has named former Commonwealth Bank deputy CEO David Cohen as its new chair, with former Actuaries Institute president Annette King also joining the board...
Insurers back APRA consultation on annuity products
03 March 2025
The Australian Prudential Regulation Authority will hold a public consultation in the second quarter of this year on capital settings for annuity products...
Industry guide outlines support for domestic violence survivors
24 February 2025
The Council of Australian Life Insurers has prepared a guide for members on supporting victims and survivors of domestic violence...
St Andrew’s aims to provide ‘more choice’ with distribution deal
24 February 2025
St Andrew’s Insurance Group has formed a distribution pact with Neilson Financial Services, which it says marks a “significant milestone” in its strategy...
Leading industry super fund fined over ‘inexcusable’ breaches
24 February 2025
AustralianSuper has been fined $27 million for breaching laws that protect members with more than one account in a superannuation fund...
Challenger hails life performance as first-half profit climbs
24 February 2025
Challenger says its life business “maintained its momentum” in the first half, contributing to increased earnings at the investment group...
Peak body launches adviser lobby program
24 February 2025
Financial Advice Association Australia has urged members to join an initiative to increase the profession’s engagement with politicians ahead of this year’s federal election...
TAL marks 10 years of Risk Academy program
24 February 2025
TAL is celebrating a decade of its financial adviser education program, as it begins this year’s courses...
Labor opens consultation on genetic test ban
17 February 2025
The federal government will consult on the legislative design of its proposed ban on the use of genetic test results in life underwriting...
AFCA backs insurer over non-disclosure of injury, alcohol abuse
17 February 2025
The complaints authority says an income protection policyholder was “consciously indifferent to the truth” when she did not disclose her alcoholism and a recent operation to her insurer...
Minister headlines NZ adviser conference
17 February 2025
Financial Advice New Zealand will hold its national conference in Christchurch from April 1-3...
FAAA roadshow rolling into Geelong
17 February 2025
Financial Advice Association Australia will start this year’s forum roadshow in Geelong on March 4...
Advisers cautious as Jones flags education changes
10 February 2025
Financial Services Minister Stephen Jones has announced plans to reform education requirements for advisers...
Swiss Re fills national life and health role
10 February 2025
Swiss Re has named Lloyd Campbell-Gibson as Australia and New Zealand head of life and health...
Advisers target career changers in latest talent drive
10 February 2025
Financial Advice Association Australia is renewing its efforts to attract new talent to the profession...
Labor under fire for ‘dropping the ball’ on genetic test ban
10 February 2025
Healthcare lobby groups have attacked the federal government over a lack of progress on outlawing life insurers’ use of genetic testing to assess underwriting risks, despite a previously announced ban...
AFCA backs insurer on rejected memory impairment claim
10 February 2025
A policyholder who claimed income protection for a cognitive impairment will not receive a payout after the dispute authority found his condition arose while his cover was “on hold”...