MLC welcomes ex-manager to advised sales role
14 June 2016
Former MLC national manager insurance Russell Hannah has returned to the company after a two-year stint at BT, where he was NSW state manager…
Life Insurance
Howard to open AFA conference
14 June 2016
Former prime minister John Howard will deliver the opening address at the Association of Financial Advisers’ conference in Canberra on October 5…
CBA’s poor advice compensation payout reaches $4.8 million
06 June 2016
The Commonwealth Bank’s compensation scheme has now paid $4.8 million in compensation to customers who received poor advice…
Life advisers’ body attacks FSC support of framework legislation
06 June 2016
The Life Insurance Customer Group wants the Financial Services Council to put consumers first, accusing it of pushing the Life Industry Framework reforms on behalf of the big banks…
ClearView completes institutional fund-raising
06 June 2016
ClearView has raised $34 million from institutional investors as part of its $50 capital-raising offer…
Lapse rates falling in life industry
06 June 2016
Life insurance lump sum lapse rates have fallen to 13.9% in the 12 months ending March 31, according to new data from Dexx&r…
AFA wants robo-advisers to play by the same rules
06 June 2016
The Association of Financial Advisers wants robo-advice providers to comply with the same rules as traditional advice providers…
Tribunal upholds ban on Meritum adviser
06 June 2016
A former Meritum Financial Group adviser has lost his appeal to the Administrative Appeals Tribunal to stop the Australian Securities and Investments Commission from banning him…
Cancer death rates are falling for both sexes
06 June 2016
Cancer mortality rates continue to fall, although the disease accounted for 30% of all deaths in 2013, according to new data from the Australian Institute of Health and Welfare…
Tax board spells out best-interests duty for advisers
06 June 2016
The Tax Practitioners Board is looking for comments on sections of its draft code of professional conduct for tax advisers…
BT Life excels in claims management rating program
06 June 2016
BT Life has achieved the highest score of 95% in the Risk Store’s Claims Management Analysis Program…
Smokers paying heavy premiums for their habit
06 June 2016
Life insurance premiums for a male smoker in their late 50s are now almost double that of a non-smoker, according to research by Canstar…
Advice educator to chair Mentor’s academic board
06 June 2016
Mentor Education has appointed David Lamond as Chairman of its new 10-person academic board…
ClearView facing sale as it raises $50 million
30 May 2016
ClearView is to raise $50 million through a rights issue to repay a Commonwealth Bank debt facility and strengthen its balance sheet…
Uncertainty about lapse rates after life reforms
30 May 2016
Life insurers are still not sure what the impact of the stalled life insurance framework will be on lapse rates, says EY Actuarial Services Manager Tyson Johnston…
Buyers looking harder at life books, despite demand
30 May 2016
Life books are still in demand, although people selling them now face tougher due diligence, Connect Financial Service Brokers CEO Paul Tynan says…
FPA wants standards to be retained for robo-advice
30 May 2016
The Financial Planning Association is calling for the existing financial advice regulations to apply to providers of robo-advice…
Insurers ‘still slow to analyse Big Data’
30 May 2016
Life insurers have a significant amount of Big Data on consumers but they don’t know what to do with it, says Finity Consultant Nicholas Warren…
Adviser loses case against possible ASIC ban
30 May 2016
A NSW adviser has lost his case against the Australian Securities and Investments Commission, which is trying to ban him from the industry…
Life insurance ‘in dire need of innovation’
30 May 2016
While many industries have experienced dramatic change in the past five years, innovation in the life insurance industry has been minimal, says Oliver Wyman Principal Angat Sandhu…