MLC introduces BMI incentive for customers
20 June 2022
MLC Life Insurance is offering a discount to new customers who fit within a determined range of the Body Mass Index to reward healthier lifestyles...
Life Insurance
New report flags ways to improve insurance in super
06 June 2022
Australia’s current insurance in superannuation setup can be further improved in two areas to strengthen member outcomes, a joint report from the Association of Superannuation Funds of Australia (ASFA) and Deloitte has found...
Industry lists priority areas for new Financial Services Minister
06 June 2022
Peak bodies for financial planners and advisers have listed the areas they hope the Federal Labor Government will focus on following the swearing-in of Prime Minister Anthony Albanese and his cabinet...
Insurer caught out over unclear policy term
06 June 2022
MLC has been ordered to settle a complainant’s disability claim after it was ruled to have been “unfair” to deny the woman the disablement benefits she was entitled to after undergoing breast surgery...
Mercy Super partners with Zurich Australia
06 June 2022
Mercy Super has announced that Zurich Australia will be its new insurance partner from August 1...
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...
'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”...