Insurers misuse mental health diaries, AFA says
10 April 2017
The Association of Financial Advisers has called for standards and set periods around the use of daily activity diaries during mental health claims…
Life Insurance
ANZ to sell OnePath, but remain in market
10 April 2017
ANZ has confirmed OnePath is for sale, but has not ruled out a listing for its wealth business…
Adviser standards body names board
10 April 2017
The Federal Government has appointed Catherine Walter as Chairman of the new Financial Adviser Standards and Ethics Authority for a four-year period…
ASIC turns fire on ‘inappropriate sales tactics’ in direct life
10 April 2017
Direct life insurance is to face the same scrutiny as advised sales, according to the Australian Securities and Investments Commission…
Heart disease tops death chart, with dementia on rise
10 April 2017
Heart disease remains the leading cause of death in Australia, according to latest figures from the Australian Bureau of Statistics…
Staff show willing on workplace coverage: MetLife
10 April 2017
Many employees would contribute to employers buying them life, health or medical insurance, a new MetLife study shows…
AFA supports disclosure reforms
10 April 2017
The Association of Financial Advisers has backed introducing more disclosure obligations for financial product issuers and distributors…
Adviser sentiment improving, Zurich study shows
10 April 2017
Life insurance adviser sentiment has improved in the past 14 months, according to a new survey commissioned by Zurich Financial Services Australia…
Practice guilty on best-interest breaches
10 April 2017
Advice practice NSG Services has been found guilty of breaching best-interests duty obligations…
Industry group calls for deadlines on group claims
10 April 2017
A paper examining claims management in group life insurance recommends maximum timeframes for responding to superannuation fund members’ requests…
FPA calls for policy feature improvements
10 April 2017
The Financial Planning Association says consumers should derive benefits from the significant features of life insurance policies…
MLC intervention scheme wins innovation prize
10 April 2017
MLC Life Insurance has won a Canstar innovation excellence award for its pre-claim early engagement service…
AMP lifts premiums by up to 30%
03 April 2017
AMP has raised premiums on some life insurance products by up to 30.25%, citing claims experience and market conditions…
Productivity Commission excludes group life from super report
03 April 2017
Group life insurance is not considered an essential part of superannuation and the Productivity Commission will not comment on models in its review of the sector…
Choice urges ASIC to stop commissions
03 April 2017
Choice wants the Australian Securities and Investments Commission to phase out life insurance commissions…
Katter launches fresh bid for financial services inquiry
03 April 2017
Queensland MP Bob Katter has set in motion yet another possible inquiry into the financial services industry…
ASIC funding model hurts compliant advisers, AFA says
03 April 2017
The Association of Financial Advisers fears the proposed model for funding the Australian Securities and Investments Commission will be unfair on members…
AMP overhauls advice business, management
03 April 2017
AMP has shaken up its advice business, with a new structure and changes to the management line-up…
Tough times predicted for European life market
03 April 2017
European life insurers face shrinking business volumes and profitability, according to a new report from Chinese research house Dagong Europe Credit Rating…
FPA calls for tax breaks on advice
03 April 2017
The Financial Planning Association says initial financial plans and ongoing management fees or retainers should be tax deductible…