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Life Insurance

Select founder appeals court ruling 

07 August 2023

BlueInc founder Russell Howden, whose businesses were found to have engaged in “unconscionable conduct” when selling life and funeral insurance, has filed a notice of appeal to the Federal Court...

AIA talks mental health 

31 July 2023

Life insurer AIA is presenting an eight-part mental health conversation series with some of the country’s top sports stars such as Ash Barty and Ian Thorpe about their experiences and how they overcame their psychological struggles...

ClearView caught up in DDO crackdown 

24 July 2023

The Australian Securities and Investments Commission last week temporarily banned the sale of a life insurance product for the first time, using its design and distribution obligations powers that commenced in October 2021...

Industry peak bodies respond to ASIC DDO findings 

24 July 2023

Life insurers have responded to an initial Australian Securities and Investments Commission review of the industry’s compliance with design and distribution obligations laws as the regulator warns of a tougher enforcement approach, including more sales ban orders...

MLC pumps up Vivo program 

24 July 2023

MLC Life Insurance is improving its one-stop-shop Vivo holistic health, wellness and recovery program...

Colonial First State settles class action for $100 million 

17 July 2023

Colonial First State Investments has reached an in-principle agreement to pay $100 million to settle a class action claim in relation to adviser commissions and fees charged to super members between July 2013 and June 2020...