TAL appoints new chairman
06 June 2022
Life insurer TAL says Mark Joiner has been appointed as Chairman, following the retirement of Duncan Boyle who occupied the role for eight years...
Life Insurance
'Substantial' DII turnaround lifts risk products: APRA data
30 May 2022
Individual disability income insurance (DII) posted improved results in the 12 months to March, making a net profit of $723.2 million following a $359.9 million loss in the year-earlier corresponding period, according to latest data from the Australian Prudential Regulation Authority...
Dispute ruling 'substantially in favour' of claimant who misrepresented back pain
30 May 2022
The Australian Financial Complaints Authority has ruled “substantially in favour” of a TAL policyholder who made misrepresentations about his history of back pain...
Comparator names 'outstanding value' life products
30 May 2022
NobleOak, RAC and TAL have won this year’s Outstanding Value Direct Life Insurance Awards given out by Canstar...
NZ regulator releases record-keeping guide for advisers
30 May 2022
The Financial Markets Authority of New Zealand has released an information sheet for advisers, setting out how they can demonstrate compliance with record-keeping obligations...
Intelliflo appoints sales head
30 May 2022
Global financial advice technology provider intelliflo has appointed Stuart Alsop as Head of Sales, as the business looks to build its presence in Australia...
Advisers, planners urge Albanese to act quickly on industry challenges
23 May 2022
The Labor Government has been urged to act quickly on the challenges facing the financial advice industry following the swearing-in this morning of Anthony Albanese as Prime Minister, after he led his party to victory in Saturday’s federal election...
AFCA knocks back complainant's bid for share of murdered man's death benefit
23 May 2022
The Australian Financial Complaints Authority has upheld a superannuation trustee’s decision to distribute the death insurance benefit of a deceased member, who was murdered, to his children, dismissing a challenge from a woman who insisted she should receive half of the payout since she was his de facto spouse at the time of his death...
Former NSW adviser hit with three-year correctional order
23 May 2022
Former NSW adviser Ezzat-Daniel Nesseim has been sentenced to a three-year intensive correctional order for engaging in dishonest conduct and providing falsified documents to the corporate regulator...
Challenger eyes bigger presence with new customer division
23 May 2022
Investment management firm Challenger has unveiled plans to set up a customer division and made changes to its leadership team, as the business works to expand its reach across more channels...
Life risk inflow passes $17-billion mark
23 May 2022
Mid-sized insurers MetLife and QInsure, along with NobleOak, led the way as the life industry increased its overall risk premium inflows last year to $17.6 billion, up 5.5% from 2020, according to researcher Plan for Life...
Advisers complete Kaplan courses in record numbers
23 May 2022
Education and training provider Kaplan Professional says a record number of financial advisers graduated from postgraduate financial planning qualifications last year and in 2020...
ASIC proceedings against AMP set for December trial
16 May 2022
The corporate regulator’s civil penalty proceedings against AMP over the alleged deductions of life premiums and advice fees from deceased customers’ accounts are listed for trial later this year in the Federal Court...
Husband loses dispute over wife's death cover
16 May 2022
A man whose wife’s $97,200 death cover in her super fund was cancelled and replaced by a more restrictive policy has lost a dispute after a claim was denied...
Laureola Advisors expands Australia presence
16 May 2022
Life settlements fund manager Laureola Advisors is scaling up its presence in Australia, two years after it launched a “soft entrance”...
AIA New Zealand unveils new digital-only offerings
16 May 2022
AIA New Zealand has announced new online offerings that it says are designed to address the 71% insurance protection gap in the country...
Integrity Life appoints technology chief
16 May 2022
Integrity Life says Ashish Khurana has joined as Chief Technology Officer...
Zurich announces new advice business service
09 May 2022
Zurich Australia is launching a new advice business, as the insurer looks to step up its retail life presence...
Unlocking the human ingenuity in AI-powered life insurance
09 May 2022
Over the last few years, insurers have rolled out many new technologies to keep up with market demands. For insurers focused on innovation, artificial intelligence, robotics process automation and data analytics have all become critical tools for underwriters today...
BT survey reveals advisers' social media usage patterns
09 May 2022
Advice practices have a significant presence on social media but converting their online activities into business referrals remains a challenge, a BT survey has found...