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…
Life Insurance
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…
Life specialist joins Paradigm
02 May 2016
Paradigm Group has appointed Carsten Zuber as Head of Operations, to drive further expansion…
InterPrac hires compliance specialist
02 May 2016
InterPrac Financial Planning has appointed Rae Stagbouer as National Advice Manager…
Dai-ichi Life ratings hold firm
02 May 2016
Fitch has maintained Dai-ichi Life’s financial strength rating at “A” and its outlook at stable…
ASIC funding boost signals more scrutiny for life industry
26 April 2016
The life insurance industry and financial planners will face greater scrutiny as the Australian Securities and Investments Commission gains more funding…
Australian life industry ‘presents growth opportunities’
26 April 2016
Underinsurance in Australia provides a significant growth opportunity for the life industry, according to UK-based researcher Timetric…
Challenger’s annuity sales maintain growth
26 April 2016
Challenger says annuity sales grew 29% to $575 million in the three months to March 31…
Synchron to link adviser, accounting software
26 April 2016
Synchron plans to integrate its recently launched adviser software SyncAdvsr with accounting software Xero…
CPA advice arm secures regulator approval
26 April 2016
CPA Australia Advice has been awarded an Australian financial services licence and an Australian credit licence by the Australian Securities and Investments Commission…
Underinsurance figures ‘show need for reform’
26 April 2016
Although more than 70% of life insurance in Australia is held through superannuation, there is still a considerable underinsurance problem, according to Rice Warner…
ASIC demands more consistent white-collar crime penalties
26 April 2016
The Australian Securities and Investments Commission has called for consistency in penalties for white-collar crime…
AMP Chairman steps down
26 April 2016
AMP Chairman Simon McKeon will retire at the company’s AGM next month…
AFA opens education award nominations
26 April 2016
The Association of Financial Advisers has opened nominations for its ninth excellence in education award…