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Life Insurance

Consumers ‘know little about life insurance’

02 April 2012

Consumers are happy with the life insurance cover they have within a super fund, but they don’t know anything about the policy, according to Canstar Head of Wealth Management Stephen Mitchell…

Government changes FOFA opt-in rules

26 March 2012

The Federal Government has changed the controversial opt-in provision in its Future of Financial Advice legislation, now providing advisers exemptions from the measure if they are members…

FOFA bill reveals deep divisions

26 March 2012

The latest changes to the Future of Financial Advice regulations have divided the financial services industry…

Industry rejects FSC’s churn concerns

26 March 2012

The Financial Services Council will talk to the life insurance industry on developing a policy to stop churning, but industry sources say it is not a major problem…

Government caves in on FOFA start date

19 March 2012

The Government has caved in after fierce industry lobbying and delayed the introduction of the Future of Financial Advice reforms for a year…

Industry welcomes FOFA delay

19 March 2012

The financial services industry has welcomed the delayed start date for the Future of Financial Advice reforms, but will keep lobbying on other elements of the bill…

Group market continues to grow

19 March 2012

Group life insurance inforce premiums rose 16.8% to $1.48 billion in the 12 months ending June 30 last year, according to Plan For Life…

AFA continues the FOFA fight

12 March 2012

The Association of Financial Advisers is continuing its campaign to amend the Future of Financial Advice legislation by writing to all senators and federal MPs…

Life sales continue to grow

12 March 2012

New life insurance sales were up 19.38% in the 12 months ending December 31, according to research house Dexx&r…