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…
Life Insurance
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…
ASIC takes Lionsgate off watch list
12 December 2016
The Australian Securities and Investments Commission has finished monitoring Lionsgate Financial Group…
Clawback concern raised as reform passes lower house
05 December 2016
The Labor Party remains concerned about clawback periods despite the House of Representatives passing the Life Insurance Framework legislation…
Fee-for-service model fatally flawed, industry veteran says
05 December 2016
The financial advice industry “has its head in the clouds” if it thinks a fee-for-service model is better than commissions when selling life insurance, Synchron director Don Trapnell says…
AMP Life changes leadership
05 December 2016
The head of AMP’s life insurance business Pauline Blight-Johnston has been replaced and will leave the company in a management shake-up…
Freedom targets growth after listing
05 December 2016
Direct insurer Freedom Insurance Group has listed on the Australian Securities Exchange after raising $15 from investors, giving a market capitalisation of $90 million…
Research shows high satisfaction with advisers
05 December 2016
Most clients of financial advisers are satisfied with their service, a study commissioned by the Financial Services Council and the Australian Research Council shows…
Region suffers spike in breast cancer rates
05 December 2016
Asia-Pacific breast cancer rates are increasing rapidly, with global distribution of new cases shifting towards the region…