ClearView slams FSC over approved product lists
09 May 2016
ClearView says it has lost faith in the Financial Services Council developing a set of standards for approved product lists…
Life Insurance
Super funds welcome independent life code committee
09 May 2016
The Financial Services Council says an independent body will oversee the life insurance code of conduct – with the move attracting qualified support from industry superannuation funds…
Tax rules hinder annuities, Government concedes
09 May 2016
Treasury has accepted that tax rules for some annuity products are hindering their development, especially those dealing with longevity risk…
OnePath premium falls, lapses rise
09 May 2016
ANZ subsidiary OnePath says inforce premium fell 4% to $2 billion in the six months to March 31…
MLC life sale ‘progressing well’
09 May 2016
NAB will complete the sale of MLC’s life business to Nippon Life in the second half of this year, according to Group CEO Andrew Thorburn…
TAL introduces online life policy upgrades
09 May 2016
TAL is to let customers increase their cover online when certain life events occur…
FPA shuffles education team
09 May 2016
The Financial Planning Association has appointed Shaun Weston-Cole as Head of Education…
Strategic shifts hit MetLife’s Asia result
09 May 2016
MetLife’s Asia business, including Australia, has reported a 7% decline in operating earnings to $US305 million for the three months to March 31…
HBF boss joins CBA advice board
09 May 2016
HBF Health MD Robert Bransby has been appointed a non-executive director on the board overseeing Commonwealth Bank’s advice companies…
AFA opens search for best new advisers
09 May 2016
Nominations have opened for this year’s Association of Financial Advisers rising star award…
NAB partners with Deakin on adviser education
09 May 2016
NAB has signed an agreement for Deakin University to provide undergraduate and postgraduate courses for its financial advisers…
CBA defends sacking medical officer
02 May 2016
Commonwealth Bank has defended its decision to sack CommInsure chief medical officer Benjamin Koh, and argues it was not about whistleblowing…
APRA wants legislation to change legacy products
02 May 2016
Legislation should be introduced to allow the rationalisation of life insurance legacy products, according to the Australian Prudential Regulation Authority…
Former medical chief disputes CommInsure sacking claims
02 May 2016
Former CommInsure chief medical officer Benjamin Koh claims he was authorised to send clients’ files to his personal email address…
Advisers win changes as education reform goes to secret consultation
02 May 2016
A revised version of draft legislation covering adviser education has been sent out for consultation, but it will not be released to the public…
Advice associations welcome education changes
02 May 2016
Association of Financial Advisers CEO Brad Fox says many of the concerns raised by advisers have been addressed…
BT ‘proud’ as life business makes gains
02 May 2016
BT Life inforce premium grew 12% to $927 million in the six months to March 31…
Sunsuper scraps TPD waiting period
02 May 2016
Sunsuper has removed waiting periods for most claims under its new total and permanent disability product…
Super funds should tailor cover to life stages: Rice Warner
02 May 2016
Tailoring group life insurance to members’ family needs may help tackle underinsurance in the sector, according to Rice Warner…
Asteron introduces automated fee-for-service tool
02 May 2016
Asteron Life has updated its automated accounting package for life advisers, to include fee-for-service models…