FPA puts focus on early financial literacy education
09 October 2017
The Financial Planning Association says financial literacy should be a focus in schools, as part of wider efforts to raise consumer understanding…
Life Insurance
GB partners on policyholder advocacy service
09 October 2017
Gallagher Bassett and specialist risk insurance adviser Australian Financial Risk Management have jointly established AFRM Claims Advocacy…
AMP upgrades mental health training
09 October 2017
AMP has updated its mental health training program for staff and advisers, to aid them in speaking to customers and directing them to further help if needed…
AFA team completes Kokoda challenge
09 October 2017
An 11-member team from the Association of Financial Advisers Foundation has completed the Kokoda Track walk over nine days…
AFA holds mentoring session
09 October 2017
The Association of Financial Advisers will hold a Meet the Mentors session at its National Adviser Conference on the Gold Coast this week…
AIA boosts market position with CBA life buy: Fitch
02 October 2017
AIA’s purchase of Commonwealth Bank’s life business will further strengthen the group’s leading market position in the Asia-Pacific region, Fitch says…
‘Cut and paste’ adviser gets lifetime ban
02 October 2017
Victorian adviser Koresh Daniel Houghton has been permanently banned from providing financial services by the Australian Securities and Investment Commission…
Planners preparing for new life regulations
02 October 2017
Financial planners are starting to adopt the hybrid commission models in preparation for January 1 when the Life Insurance Framework reforms come into effect…
Inquiry must review financial advice separately, FPA says
02 October 2017
Financial advice and funds management are two separate sectors and should be reviewed independently of each other, according to the Financial Planning Association…
TAL prepares advisers for framework
02 October 2017
TAL has launched a course to help advisers prepare for the impact of the incoming life insurance framework…
Super funds release insurance draft code
25 September 2017
The Insurance in Superannuation Working Group says a draft code of practice released last week will help ensure cover provided through super better meets policyholder needs…
ASFA outlines group life’s role plugging coverage gap
25 September 2017
Life cover sold with superannuation helps cushion the impact of high levels of underinsurance among Australians, according to the Association of Superannuation Funds of Australia…
CBA sells life businesses to AIA
25 September 2017
Commonwealth Bank has sold its life insurance businesses CommInsure Life (Australia) and Sovereign (New Zealand) to AIA for $3.8 billion…
ANZ pushes for ‘sustainable’ industry
25 September 2017
ANZ Wealth has released a white paper analysing challenges facing the life insurance sector and examining ways to build a more sustainable industry…
AMP establishes resource hub
25 September 2017
AMP has unveiled a Life Insurance Framework resource hub, featuring tools to help advisers prepare for the legislation taking effect from January 1…
TAL secures global innovation award
25 September 2017
TAL has won an SMA Innovation in Action Award for its online platform TAL CoverBuilder, which lets consumers build their own life insurance policies…
MetLife introduces digital claims tracker
25 September 2017
MetLife Australia has unveiled a digital claims tracker, enabling members to manage and follow their claims more easily…
AustralianSuper drops default cover for under-25s
18 September 2017
AustralianSuper will stop providing default life cover for people aged under 25 who sign up with the fund…
BT earmarks $12 million for customers hit by exclusion
18 September 2017
BT Financial Group will make $12 million of “goodwill payments” to 103 customers who were denied claims because of exclusion clauses around pre-existing conditions…
ISWG suggests more transparency on premium adjustment
18 September 2017
The Insurance in Superannuation Working Group has proposed ways to improve transparency around premium adjustment mechanisms…