Tributes paid to former AFA board member
07 August 2017
Life insurance industry stalwart Gerry Porter died late last month…
Life Insurance
AFA flags concerns on draft SOA
07 August 2017
The Association of Financial Advisers says a statement of advice is not the primary means of delivering advice on life insurance…
Group cover, SCT remit ‘confuses fund members’
07 August 2017
Fund members are confused about the role of the Superannuation Complaints Tribunal (SCT) when handling disputes about group life insurance premiums…
Greenstone exec steps into CEO role
07 August 2017
Greenstone has promoted COO Brenard Grobler to CEO…
PPS matches benefits to high wage growth
07 August 2017
PPS Mutual has indexed its professionals’ policy benefits against a realistic, proprietary measure of their earnings growth…
Super fund secures IP premium cut
07 August 2017
Intrust Super has negotiated a 12% cut in premiums for its group life income protection policy PayGuard…
Super working group consults on insurance data sharing
31 July 2017
The Insurance in Superannuation Working Group is calling for comment on plans to improve data sharing for group life policies…
Education needed on default life cover: Maurice Blackburn
31 July 2017
Reforms allowing easier opt-out from life cover sold with superannuation are welcome, but education is needed to ensure consumers do not act to their own disadvantage, Maurice Blackburn Principal Kim Shaw says…
AIA new business jumps
31 July 2017
AIA Group’s “other markets” division, which includes Australia, has reported a 35% rise in new business to $US184 million for its first half…
FSC names leadership awards winners
31 July 2017
The Financial Services Council presented excellence awards to six industry executives at last week’s Leaders Summit in Sydney…
MLC unveils group cover platform
31 July 2017
MLC Life Insurance has launched LifeView, a group insurance digital platform for superannuation funds, as part of its $400 million technology transformation…
Prove it: OnePath rewards active clients
31 July 2017
ANZ Wealth will reward OnePath clients who use wearable devices and mobile phone fitness trackers to prove their active lifestyles…
Super reforms to ease life opt-out
24 July 2017
The Federal Government is targeting automatic payment of life and disability insurance premiums under proposed superannuation reforms…
Advice industry challenges ‘intensifying’
24 July 2017
Issues confronting the financial advice sector are “increasing and intensifying”, according to Connect Financial Service Brokers CEO Paul Tynan…
Australians ignoring funeral costs
24 July 2017
About 60% of Australians have not thought about their funeral costs, or they expect families to foot the bill, according to comparator Finder.
NZ financial providers fall short on fee clarity
24 July 2017
New Zealand financial providers often fail to adequately explain fees charged or why a product is appropriate for a client, a survey for the Financial Markets Authority has found…
ANZ holds APEX webinars
24 July 2017
ANZ Wealth has announced its third series of APEX Lunch and Learn webinars to help advisers stay abreast of industry and regulatory change…
Deadline looms for AFA award nominations
24 July 2017
Nominations for the Association of Financial Advisers annual awards program close this Friday…
FPA ‘strongly opposes’ last-resort compo scheme
17 July 2017
There is no merit in having a compensation scheme of last resort and a past redress forum unless corresponding action is taken to improve the regulatory and compensation framework, the Financial Planning Association says…
Group cover faces commission scrutiny
17 July 2017
The Productivity Commission will examine group insurance arrangements, costs and fees, and default fund members as part of its inquiry into the $2 million-plus superannuation system’s efficiency and competitiveness…