PPS recruits medical chiefs
20 September 2021
Specialist life insurer PPS Mutual has appointed two Chief Medical Officers, John Cummins and Bill Monday...
Life Insurance
FPA details DDO concerns in Treasury submission
13 September 2021
The Financial Planning Association has outlined its concerns about the incoming design and distribution obligations regime in a submission to Treasury...
Claimant with rheumatoid arthritis not entitled to trauma benefit
13 September 2021
The Australian Financial Complaints Authority has ruled an AIA customer who has rheumatoid arthritis does not qualify for a benefit payment as her condition does not meet the definition of “severe” as was spelled out in her trauma insurance policy...
Survey reveals advisers' outlook on future, challenges
13 September 2021
About 58% of self-licensed financial advice practices are more profitable than two years ago despite increased compliance costs, according to a survey by My Dealer Services, which offers support services to advisers...
AFA finalises conference program
13 September 2021
Financial Services Minister Jane Hume will deliver the opening address at the Association of Financial Advisers conference next Tuesday...
MetLife a finalist for new diversity award
13 September 2021
MetLife Australia is a finalist in the Best Diversity, Equity and Inclusion Initiative category of the inaugural SEEK Talent Acquisition Recognition awards, which acknowledge excellence in talent acquisition...
Zurich adds extra COVID vaccine protection to life policies
06 September 2021
Zurich Life & Investments and its OnePath Life business have moved to include specific COVID-19 vaccination protection, the insurer announced...
AMP-linked adviser body seeks new advice model
06 September 2021
The Advisers Association has called on the industry to work together to find a business model that will take the profession forward...
ClearView seeks 'optimal' future with strategic review
06 September 2021
ClearView Wealth has commenced a strategic review of its business, to determine among other things, the “optimal” future direction of the company to “protect and enhance” customer and policyholder outcomes...
Treasury starts review of job exclusions in super-linked group insurance
06 September 2021
Treasury has launched a consultation paper seeking submissions on occupational exclusions in default insurance offered through MySuper products...
CountPlus acquires stake in Mildura accounting firm
06 September 2021
Accountant and adviser group CountPlus will take a 49% stake in Southern Cross Business Advisers, an accounting firm based in Mildura, Victoria...
Integrity Life ditches premium loadings
06 September 2021
Integrity Life will remove premium loadings for monthly policies from today, saying it has also stopped charging “unnecessary, additional fees” to pay monthly insurance premiums for all new business...
FPA, Kaplan offer scholarships for disadvantaged women
06 September 2021
Kaplan Professional is partnering the Financial Planning Association to offer 10 scholarships aimed at helping disadvantaged women enter or re-enter the industry...
Government agrees to freeze ASIC levy for advisers, review funding model
30 August 2021
The Morrison Government has agreed to reduce the levy that advisers have to pay for the next two years to support the corporate regulator’s supervision, following an outcry from the industry over the proposed fee hikes...
Risk product losses narrow as industry stages profit comeback
30 August 2021
The life industry returned to profitability in the year to June 30 with a net profit of $1 billion, rebounding from a $1.7 billion loss in the prior corresponding period, according to the latest update from the Australian Prudential Regulation Authority...
Centrepoint to buy ClearView advice businesses
30 August 2021
Centrepoint Alliance will acquire the financial advice businesses of ClearView Wealth for $15.2 million, the two companies announced last week on the day they released their full-year earnings results...
'Not about pay anymore': wellbeing, flexibility drive retention
30 August 2021
A focus on health and wellbeing, and a job with purpose should be the top priority for employers that want to stand out to the future workforce, experts say...
Centrepoint Alliance earnings rebound
30 August 2021
Centrepoint Alliance has posted a turnaround in full-year earnings, recording a net profit after-tax of $1.8 million for the 12 months to June following a $2 million loss in the preceding period...
'Solid' life arm drives 83% surge in ClearView earnings
30 August 2021
ClearView Wealth says its life insurance arm “performed solidly” in the last financial year, pushing overall operating earnings after-tax 83% higher to $23.9 million for the 12 months to June...
Munich Re launches Predictor underwriting solution
30 August 2021
Munich Re Automation Solutions has launched its next generation underwriting technology solution for the life and health industry in Australia and the Asia Pacific region...