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Life Insurance

Melbourne adviser wins Gwen Fletcher award 

30 October 2023

The Financial Advice Association Australia announced today Strategic Wealth Partner and financial adviser Andrew Dickinson has won the Gwen Fletcher Memorial Award for semester two of 2023...

Insurer fails to pause AFCA payout ruling 

23 October 2023

An insurer’s application to stay the operation of an Australian Financial Complaints Authority superannuation dispute ruling has been dismissed by the Federal Court...

TPD has highest claims paid ratio 

23 October 2023

Latest Australian Prudential Regulation Authority data shows total and permanent disability with a claims paid ratio of 78%, the highest among seven life product lines covered for the rolling 12-month period to June 30...

FAAA announces new board members  

23 October 2023

The Financial Advice Association of Australia has announced three new board members who will start their three-year terms at the annual general meeting on November 20...

Industry in-force premium rises to $16.4 billion 

09 October 2023

Life in-force annual premium – comprising of lump sum, disability and group risk business – rose 2.2% to $16.4 billion for the year to June 30, but new annual premium declined 4.83% to $1.67 billion, research house Dexx&r says...

Insurer’s decision upheld in income protection dispute 

09 October 2023

A part-time cabinetmaker who lodged an unsuccessful income protection claim after suffering a head injury at work has lost his dispute over insurer TAL’s decision to reject his claim for providing insufficient information to show he was working for more than 20 hours a week before the injury...

Costello to speak at financial services summit 

09 October 2023

Former federal treasurer Peter Costello will speak at the inaugural Trans-Tasman Strategic Leaders conference in Auckland next year, the Financial Services Councils of Australia and New Zealand announced today...

Advisers call for self-regulation 

02 October 2023

The Advisers Association has launched a push for industry self-regulation given the substantial changes that have taken place in the last two decades...