AMP upgrades to Face ID
13 November 2017
AMP customers can securely log on to the life insurer’s apps on Apple’s iPhone X using facial recognition technology…
Life Insurance
AMP reviews security after data breach
06 November 2017
AMP is assessing the way data is handled after internal staff expenses details were accidentally stored in a public cloud service by a third-party contractor…
BT to expand life product offerings
06 November 2017
Westpac-owned BT Financial Group aims to have at least three “high-quality insurers” on its life insurance approved product list by March next year…
Satisfaction rises, but planners’ client pool shrinks
06 November 2017
Client retention remains a key issue for financial planners, despite actions to improve satisfaction rates and rising demand for advice, according to market researcher Investment Trends…
FPA welcomes ‘certainty’ on education standards
06 November 2017
The Financial Planning Association has welcomed an announcement from the Financial Adviser Standards and Ethics Authority clarifying its position on qualifications for individuals entering the profession…
APRA seeks feedback on reinsurance amendment
06 November 2017
The Australian Prudential Regulation Authority is consulting on its proposal to amend Prudential Standard LPS 230, which applies to all life insurance companies including friendly societies…
CommInsure rehab worker wins TurksLegal scholarship
06 November 2017
Jennifer Jackson, a Rehabilitation Consultant at CommInsure, has won this year’s Australasian Life Underwriting and Claims Association TurksLegal Scholarship for her essay on genetic testing…
ANZ helps advisers adjust to reforms
06 November 2017
ANZ Wealth has introduced an online service to help advisers prepare for the Life Insurance Framework taking effect on January 1…
Future2 tops $130,000 in grants
06 November 2017
The Financial Planning Association’s charity arm, the Future2 Foundation, has awarded $133,000 in grants this year to 14 charities that help socially and financially disadvantaged young Australians…
AustralianSuper calls for ‘regulatory solutions’ in code
30 October 2017
The proposed insurance code of practice for superannuation trustees should have “regulatory solutions” involving the Australian Securities and Investments Commission, AustralianSuper says…
Industry needs to tackle genetic testing threat, actuaries warn
30 October 2017
Life insurers must address the implications of genetic testing, which is likely to become more widespread as costs fall, according to a discussion paper from the Actuaries Institute…
Keep an eye on foreign ownership trend, Byres says
30 October 2017
Australian Prudential Regulation Authority Chairman Wayne Byres has flagged long-term changes in the financial sector as more life insurers are sold into foreign ownership…
AMP enjoys ‘stable’ third quarter
30 October 2017
AMP’s wealth protection business grew its assets under management by $211 million to $125.3 billion in the third quarter…
OnePath premium falls flat
30 October 2017
ANZ subsidiary OnePath recorded life insurance inforce premium of $1.61 billion in the year to September 30, little changed from $1.6 billion the previous year…
S&P upgrades MLC outlook
30 October 2017
S&P Global Ratings has lifted its outlook on MLC to stable from negative, based on the life insurer’s robust capitalisation and solid operating performance…
FPA names annual award finalists
30 October 2017
The Financial Planning Association (FPA) has announced this year’s award finalists…
Challenger reports annuity sales growth
23 October 2017
Challenger has reported life annuity sales of almost $1.1 billion for the quarter to September 30, up 6.2% on the corresponding period last year…
Female life expectancy continues to rise
23 October 2017
Australian females have the highest life expectancy on record, according to the latest national figures…
OnePath buyer search ‘may take time’
23 October 2017
ANZ is continuing to seek a buyer for its life insurance arm following the partial sale of its OnePath wealth business to IOOF for $975 million…
China growth lifts AIA in third quarter
23 October 2017
AIA Group has reported a 20% rise in new business to $US824 million in the third quarter to August 31, underpinned by strong growth in China and the rest of Asia…