TurksLegal Scholarship applications open
17 July 2017
Applications for this year’s Australasian Life Underwriting and Claims Association TurksLegal Scholarship are now open…
Life Insurance
Premium growth slows but outlook robust, Swiss Re says
10 July 2017
Growth in global life insurance premium income is expected to be “robust” in the next few years, despite a decline last year, according to Swiss Re’s latest Sigma industry report…
ASIC flags concerns on group life disclosure
10 July 2017
Superannuation fund information sheets on group life insurance often do not match the cover offered, an Australian Securities and Investments Commission report says…
MLC fires up underwriting engine
10 July 2017
MLC Life Insurance has struck a deal to offer Pacific Life Re’s underwriting rules engine – UnderwriteMe – in Australia…
Ex-AMP adviser’s ban upheld
10 July 2017
The Administrative Appeals Tribunal has upheld the permanent ban on a former AMP adviser…
Cbus secures 25% premium cut
10 July 2017
Construction industry superannuation fund Cbus has negotiated a 25% premium reduction on its group life insurance policy provided by TAL…
Planners ready to make change on education: FPA
10 July 2017
Financial Planning Association members are ready to begin implementing forthcoming legislative changes, CEO Dante De Gori says…
Study reveals scale of skin cancer costs
10 July 2017
Skin cancer treatments cost Victorian hospitals more than $122 million a year, according to research from Deakin University and Cancer Council Victoria…
TAL names psychologist to mental health role
10 July 2017
TAL has appointed psychologist Glenn Baird to the new role of Head of Mental Health, based in Sydney…
FPA opens award nominations
10 July 2017
Entries are open for this year’s Financial Planning Association Awards…
Medical definitions added to life code
03 July 2017
The Life Insurance Code of Practice has been strengthened with the last-minute inclusion of minimum standard medical definitions for cancer, heart attack and stroke, for use in trauma and critical illness policies…
Industry practices fall short, inquiry says
03 July 2017
The financial services industry’s practices and culture “fall well short” of public expectations, according to the Senate Economics References Committee’s Scrutiny of Financial Advice inquiry…
S&P hails ‘stable environment’ for insurers
03 July 2017
Australia’s life insurance industry carries low risk and its institutional frameworks are very strong, according to S&P Global Ratings…
Super bodies want commission ban extended
03 July 2017
The ban on upfront and trail commissions should apply to all life insurance sales and be expanded to cover general insurance, Industry Super Australia and the Australian Institute of Superannuation Trustees say in a joint submission to Treasury…
New dispute scheme ‘lacks insurance clarity’
03 July 2017
More legislative clarity is needed around insurance complaints in superannuation if the Australian Financial Complaints Authority is to handle such cases effectively, two super bodies say in a joint submission to Treasury…
Research puts $12 billion price tag on mental illness
03 July 2017
Depression, anxiety disorders and substance abuse, the three most common mental health conditions, cost Australia about $12.8 billion a year, according to a study funded by Medibank Better Health Foundation…
ASIC bans ex-AMP adviser
03 July 2017
The Australian Securities and Investments Commission has permanently banned former AMP adviser David Fong for his dishonest conduct…
APRA releases reinsurance contracts guidance
03 July 2017
Life insurers need approval from the Australian Prudential Regulation Authority before agreeing “reinsurance contracts that are potentially financial reinsurance contracts”, according to the regulator…
ASIC clarifies position on ‘independently owned’ tag
03 July 2017
The Australian Securities and Investments Commission has clarified its position on the use of restricted terms relating to the independence of financial advisers…
O’Dwyer headlines AFA conference
03 July 2017
Revenue and Financial Services Minister Kelly O’Dwyer will outline her vision for the financial advice profession at the Association of Financial Advisers annual conference…