Premium deductions allowed in MySuper
07 November 2011
The initial rules on insurance premiums in the Federal Government’s new MySuper legislation will allow member deductions for life insurance premiums, despite them not being a “permitted fee”…
Life Insurance
Claims hit OnePath’s profits, but sales up
07 November 2011
ANZ-owned OnePath’s after-tax profit dropped 4% to $311 million for the year ending September 30…
Asteron named top insurer by advisers
07 November 2011
Suncorp-owned Asteron has been named CoreData Life Company of the Year based on satisfaction ratings by advisers who use it as their main life insurance provider…
Australians ‘need to improve their health’
07 November 2011
Australians are not as healthy as their Asian counterparts, a new report by AIA has found…
New head of group insurance at MLC
07 November 2011
MLC has appointed Megan Beer as its new GM Group Insurance…
Warehouse Group goes online with life offer
07 November 2011
New Zealand’s Warehouse Group has moved into the online life insurance market in NZ with a web-based offering aimed at mums and dads…
AFA goes for reality TV approach
31 October 2011
The Association of Financial Advisers will use a reality TV campaign to grow the market for advice…
Life insurers want to know more about your lifestyle
31 October 2011
Life insurers will be using records from ATMs and credit cards as means of assessing an individual’s risk profile in the future, according to Munich Re Chief Underwriter Life Shane Burdack…
AMP life premiums up 4%
31 October 2011
AMP Financial Services has reported a 4% rise in annual life insurance premiums for the quarter ending September 30…
Lower life insurance revenue hits MLC’s earnings
31 October 2011
A dramatic fall in net income from NAB-owned MLC and NAB Wealth’s life insurance business has reduced the division’s cash earnings by 12.5% to $533 million for the full year ending September 30…
Need for more life insurance in estate planning
31 October 2011
Opportunities for life insurance specialists to become involved in estate planning advice are increasing, says Redchip Lawyers Director Ian Tindale…
Accountants need life insurance advisers
31 October 2011
Life insurance advisers have a growing opportunity to partner with accountancy practices, which are outsourcing such services…
Life insurers ‘aren’t keeping up with medical advances’
31 October 2011
Medical advances are powering ahead and life insurance definitions aren’t keeping up, says specialist consultant physician John Cummins…
FOFA will kill small practices, AFA conference told
24 October 2011
Many small financial planning practices will fail after the Future of Financial Advice legislation is introduced, Bridges Financial Services CEO Michael Carter has warned…
We didn’t model FOFA costs, says Treasury
24 October 2011
A Federal Treasury official has admitted that no modelling has been undertaken on the implementation costs of the Future of Financial Advice reforms…
Reform is inevitable, says Ripoll
24 October 2011
If the Future of Financial Advice bill stalls or fails to become law, federal MP Bernie Ripoll believes the reforms will still happen…
Australians willing to buy life insurance at the right price
24 October 2011
Australians are concerned about their economic future and are now looking to buy life insurance if the price is right…
Insurance service fee proposed for group life
24 October 2011
A body representing advisers working in corporate superannuation wants to charge a life insurance service fee…
Australians still not covering their needs
24 October 2011
The mortality protection gap in Australia has grown from $540 billion in 2000 to $972 billion in 2010, according to Swiss Re…
More support staff for MLC advisers
24 October 2011
MLC has created another support team – licensee relationship managers – for its aligned adviser network…