AFA demands improved support for direct, group customers
30 January 2017
The Association of Financial Advisers wants direct and group life insurers to help consumers make more informed decisions on cover…
Life Insurance
AIA makes gains in individual lump sum
30 January 2017
AIA Australia recorded strong premium inflows in the individual lump sum market for the year to September 30, according to the latest figures from research house Strategic Insight…
Consumers turn away from advisers, study shows
30 January 2017
About 32% of consumers search the internet for advice on life insurance, but 36% seek no advice at all, according to a NobleOak Life survey…
FPA weighs up action against life adviser
30 January 2017
The Financial Planning Association is still considering what action to take over a NSW life insurance adviser who has been banned by the Australian Securities and Investments Commission…
FSC keeps up fight against stamp duty
30 January 2017
The Financial Services Council is continuing to push for the scrapping of stamp duty on life insurance policies…
ClearView and Sony strengthen ties
30 January 2017
Sony Life and ClearView Wealth have signed a co-operation agreement that will involve two staff from the Japanese insurer being seconded to the Australian business…
CommInsure secures group life mandate
30 January 2017
CommInsure has won the group life mandate for the Nationwide Superannuation Fund, replacing MetLife…
Group TPD steps up rehab, rethinks definitions
30 January 2017
Total and permanent disability cover in group life is in a transition phase as definitions tighten, but Rice Warner says more rehabilitation is being offered…
MLC Life appoints six executives
30 January 2017
MLC Life has made six appointments to its bancassurance, digital and direct teams…
Zurich names new life sales head
30 January 2017
Zurich Financial Services Australia has appointed Peter Mitchell as National Sales Manager for life insurance…
FSC unfit to decide on APL standard, ClearView warns
12 December 2016
ClearView wants the Financial Services Council removed from its role developing an industry standard for approved product lists…
ASIC bans former Synchron adviser
12 December 2016
A Queensland-based former Synchron adviser has been banned for seven years by the Australian Securities and Investments Commission for giving poor advice…
APRA challenges life insurers on legacy issues
12 December 2016
The life insurance industry must consider shutting down legacy products so it can update back-office systems, the Australian Prudential Regulation Authority says…
Baby Boomers urged to start planning business sales
12 December 2016
Business owners must weigh up the true value of their practices and focus on achieving higher multiples, according to GRG Momentum founder Geoff Green…
Regulator bans ex-ANZ adviser
12 December 2016
Former ANZ Financial Planning adviser Andrew TambyRajah has been banned for five years…
Lawyers call for mandatory group cover
12 December 2016
Insurance within superannuation should be mandatory over the age of 25, law firm Maurice Blackburn says in a submission to a life industry inquiry…
CBA dealer groups complying on advice remediation: report
12 December 2016
Commonwealth Bank dealer groups have complied with most of the conditions imposed by the Australian Securities and Investments Commission, a review has found…
Beyondblue hits out at mental health exclusions
12 December 2016
Life insurers should immediately remove mental health exclusions from all products, according to Beyondblue…
Super fund members value income protection: AIA study
12 December 2016
Income protection cover within superannuation is considered among the most valuable components of group life insurance, a new AIA Australia survey shows…
Japanese insurers tipped to continue global buying spree
12 December 2016
Japanese life insurers will continue their overseas expansion, “driven by a saturated domestic market”, Fitch says…