CBA completes advice review assessments
13 February 2017
Commonwealth Bank has completed all assessments in its Open Advice Review program, examining advice provided by Commonwealth Financial Planning and Financial Wisdom…
Life Insurance
Adviser calls for clearer picture on churn
06 February 2017
A life insurance adviser has called for more accurate data on churning before any legislation is enforced…
Automation aims to enhance adviser role: MLC
06 February 2017
Automating aspects of the life insurance advice process must add value to the adviser’s role, according to MLC Life Chief Customer Officer, Retail Advised Insurance Melissa Heyhoe…
AIA backs claims support service over lawyer intervention
06 February 2017
AIA Australia has called for an industry-funded independent service to help consumers, particularly superannuation fund members, lodge life insurance claims…
Infocus signs referral deal with H&R Block
06 February 2017
Infocus Wealth Management has formed an exclusive referral relationship with one of Australia’s largest accounting firms, H&R Block…
ASIC forces NAB to review group life compliance
06 February 2017
NAB’s wealth management superannuation funds trustee has been censured for a number of compliance issues around group life insurance policies…
TAL identifies ‘new breed’ of buyer
06 February 2017
TAL says a new kind of client is buying direct life insurance…
Asia the bright spot as MetLife income tanks
06 February 2017
MetLife says operating earnings in Asia grew by $US100 million to $US1.3 billion last year…
APRA reveals friendly societies’ performance
06 February 2017
Friendly societies earned $18.3 million in direct life insurance premium in the year to June 30, according to Australian Prudential Regulation Authority data…
Banks step up information-sharing on bad apples
06 February 2017
The Australian Bankers’ Association has developed a reference-checking and information-sharing protocol to help members share knowledge of bad advisers and stop them moving around the industry…
AIA gives advisers Vitality promotion package
06 February 2017
AIA Australia has developed a series of tools to help advisers promote its Vitality wellness program…
Risk Academy adds to workshop program
06 February 2017
TAL has added more than 10 workshops and webinars to its Risk Academy this year…
Policy documents need standardising: FPA
30 January 2017
The Financial Planning Association has called for a standard to describe product features in life insurance documents…
Reinsurers continue to struggle in Australian life market
30 January 2017
Some life reinsurers are still losing money, although their losses are easing, according to the latest company data from the Australian Prudential Regulation Authority…
MLC sees the future in Big Data
30 January 2017
Shorter claim times and tailored policies are two potential benefits arising from the use of Big Data, according to a report commissioned by MLC Life Insurance and the Financial Services Council…
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…
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…