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Life Insurance

Friendly societies record mixed insurance results

08 February 2016

Noble Oak Life reported a $2.4 million after-tax loss for last financial year, while other friendly societies selling funeral and insurance bonds recorded positive results, according to an Australian Prudential Regulation Authority industry report…

AFA adds to advocacy team

08 February 2016

The Association of Financial Advisers (AFA) has bolstered its advocacy team with the appointment of Troy Nutley as Senior Adviser, Policy and Professionalism…

FPA attacks education transition plan

01 February 2016

The Financial Planning Association has rejected the Federal Government’s proposals for older advisers to transition to new education standards…

Life discontinuances on downward trend

01 February 2016

Discontinuance rates in individual lump sum life insurance have continued to fall, dropping to 13.8% in the year to last September 30, according to Dexx&r…

AIA juices up member benefits

01 February 2016

AIA has increased incentive offers to retain customers, including premium discounts and Boost Juice, Rebel Sport and JB Hi-Fi vouchers…

ASIC puts ClearView life adviser under supervision

01 February 2016

A Queensland-based ClearView adviser has been ordered to undergo further training and supervision as part of an Australian Securities and Investments Commission enforceable undertaking…

Life advice still in demand: Asteron

14 December 2015

Consumers may research life insurance online but they still want to speak to an adviser before buying a policy, according to research by Asteron Life…

Robo-advice needs humans to thrive: Cerulli

14 December 2015

Robo-advice requires an element of human interaction to increase client satisfaction, according to a Cerulli Associates report on the US advice market…

Major life institutions record strong profits

14 December 2015

The big five institutional life insurers have reported strong profits for the year to June 30, according to latest industry data from the Australian Prudential Regulation Authority…