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Life Insurance

Industry pressure stalls new conflict standard

04 February 2013

The Accounting Professional and Ethical Standards board is to push back the launch of its controversial APES 230 standard “to allow stakeholders additional time to implement [it] once it is issued”…

Life insurers maintain growth

10 December 2012

Life insurance inforce premium grew 10.11% to $10.6 billion and new business increased 12.8% to $2.5 billion in the year to September 30, according to research house Dexx&r…

Online life applications outstrip paper

10 December 2012

Electronic life insurance applications have exceeded paper submissions for the first time, according to a survey by Munich Re Australasia…

PIS brings in legacy claims manager

10 December 2012

Professional Investment Services has appointed Scott Harvey to oversee all insurance claims and deal with legacy issues from the company’s previous owner…

Shorten move pleases planners

03 December 2012

The Association of Financial Advisers has welcomed Federal Government moves to restrict use of the terms “financial planner” and “financial adviser” to Australian financial services licensees…

FPA hails response to code consultation

03 December 2012

The Financial Planning Association says it has received “a great response” from members and the industry to its proposal for a revised Code of Professional Practice…

Trustees ‘must focus on life insurance’

03 December 2012

Super trustees must focus on a fund’s life insurance component and cannot rely on external advisers, CommInsure GM Wholesale Life Claire Roberts has warned…

FSC to host first life insurance awards

03 December 2012

The Financial Services Council will host the inaugural Life Insurance Awards Dinner next year as it seeks to increase its influence in the broader financial services sector…

ANZ focuses on insurance

03 December 2012

ANZ sees opportunities in life and general insurance and aims to drive returns in both sectors, according to CEO Global Wealth and Private Banking Joyce Phillips…

FOS warns on communication of risk

26 November 2012

The Financial Ombudsman Service dealt with fewer disputes about investments last financial year, but it says poor communication about risk is an issue for advisers and clients…

MySuper legislation passes Senate

26 November 2012

The Federal Opposition’s move to amend the MySuper bill in the Senate has failed and the legislation has passed for royal assent…

TAL tops life insurer survey

26 November 2012

TAL has been named CoreData Risk Provider of the Year, with Macquarie Life in second place and Asteron third…

CFPs earn more, survey reveals

26 November 2012

Certified Financial Planners earn 25% more than non-accredited counterparts in Australia, according to research by the Financial Planning Association…

Moving super balances aids savers, committee told

19 November 2012

People whose small super balances are transferred to the Australian Taxation Office will be better off despite losing their insurance cover, a Senate economics committee has heard…

Centric Wealth looks to spread out

19 November 2012

Centric Wealth is working to expand its three core offerings beyond Sydney to other state capitals and regional areas of NSW and Queensland…