Resolution Life makes key leadership appointments
27 June 2022
Resolution Life Australasia has announced two key leadership appointments, aimed at supporting its goal to be the “leading” in-force specialist life insurer in the region...
Life Insurance
Advisers warn of 'destructive' impact if commissions are banned
20 June 2022
Banning life insurance commissions would lead to “destructive” consequences, as most Australians have indicated repeatedly in past surveys that they will not pay an upfront fee to receive professional guidance, the Association of Financial Advisers says in a submission...
ALUCA excellence award winners named
20 June 2022
The Australasian Life Underwriting and Claims Association has named the winners of this year’s excellence awards...
MLC Life appoints finance chief as CEO
20 June 2022
MLC Life Insurance says CFO Kent Griffin will take on the CEO role in late October, replacing Rodney Cook who is retiring at the end of the year...
Industry profit tops $1 billion: APRA data
20 June 2022
Life insurers and reinsurers achieved more than $1 billion in combined net profit for financial years ended in the 12 months to December 31, according to latest data from the Australian Prudential Regulation Authority...
OnePath, Cigna admit breaching New Zealand fair dealing provisions
20 June 2022
OnePath and Cigna have admitted liability for breaching New Zealand’s fair dealing provisions in relation to misleading representations that their distribution partner, ANZ, made to certain customers who held credit card repayment insurance...
MetLife consultant named Banking and Finance Oath young ambassador
20 June 2022
MetLife Australia Customer Experience Consultant Kat Ilieska has been named one of eight Banking and Finance Oath Young Ambassadors for 2022...
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...
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...