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…
Life Insurance
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…
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…
AMP hails case managers’ motivational approach
18 September 2017
Motivational interview techniques have produced a 34% increase in customer re-engagement with treatment, AMP says…
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…
Infocus buys financial advice group Announcer
11 September 2017
Wealth management group Infocus has bought advice business Announcer, strengthening an expanding national footprint…
ClearView poaches AIA underwriting manager
11 September 2017
ClearView has appointed Warren Page as Chief Underwriter…
AFA reveals award finalists
11 September 2017
The Association of Financial Advisers has named the finalists for its female excellence and rising star awards…