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Life Insurance

Adviser guilty over false education documents

18 September 2017

Victorian financial adviser Michael Davie has been placed on a 12-month good behaviour bond without a conviction for submitting false or misleading statements to the Australian Securities and Investments Commission…

TAL educates advisers on cancer

18 September 2017

TAL has introduced an education course to increase financial advisers’ understanding of cancer conditions and help them give clients the best possible support…

AFA names top award finalists

18 September 2017

The Association of Financial Advisers and Zurich have announced the finalists for this year’s adviser of the year and practice of the year awards…

Income protection ‘drags on industry’

11 September 2017

The Australian life insurance sector continues to face headwinds from the loss-making income protection class and reputational risk, according to S&P Global Ratings…

Advisers still failing clients, says Kell

11 September 2017

A review has identified “potentially large numbers of advisers who may be providing life insurance advice to clients that is not in their best interests”, according to Australian Securities and Investments Commission Deputy Chairman Peter Kell…

Lawyers want stricter rules for life within super

11 September 2017

Life cover within superannuation needs standard definitions and other tougher rules to protect policyholders, the Australian Lawyers Association (ALA) says in a submission to the Productivity Commission…

AFA reveals award finalists

11 September 2017

The Association of Financial Advisers has named the finalists for its female excellence and rising star awards…

Australian Unity wealth arm lifts revenue

04 September 2017

Australian Unity’s wealth division, which includes life insurance and superannuation, increased revenue by 16.4% to $143.3 million in the year to June 30…

Former ANZ adviser banned

28 August 2017

A former Queensland representative of ANZ-owned Millennium3 Financial Services has been permanently banned from the industry…

AMP outlook revised after profit rebound

28 August 2017

S&P Global Ratings has revised its outlook for AMP to stable from negative after the financial services group reported a strong return to profitability and new reinsurance arrangements…