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Life Insurance

Make advice fees, life premium tax deductible: ClearView MD

28 June 2021

Advice reforms introduced in recent years have added to the compliance cost burden facing advisers, contributing to the higher price that consumers must prepare to pay if they want professional guidance, a parliamentary hearing heard last week...

Westpac customer who breached disclosure duty loses case

28 June 2021

A decision by Westpac Life Insurance Services to avoid an income protection policy held by a customer who did not disclose his medical history of alcohol abuse and depression has been upheld by the Australian Financial Complaints Authority...

Advisers push back against 'shonky' criticism

21 June 2021

The Association of Financial Advisers has called for an end to the “persecution” of the profession, in response to the latest criticism levelled against it by Labor Senator Jenny McAllister...

ASIC releases ongoing fee arrangements guidance

21 June 2021

The corporate regulator has released an information sheet on ongoing fee arrangements to provide greater clarity to financial advisers and advice licensees on their obligations when providing personal advice to retail clients...

MetLife wins big at ALUCA excellence awards event

21 June 2021

The Australasian Life Underwriting and Claims Association has named the winners of its annual excellence awards, with MetLife Australia coming out top in five out of the 11 categories...

QBE exec appointed as MLC claims chief

21 June 2021

MLC  Life Insurance has announced Andrew  Beevors  will join the business on August 16 as Chief Claims Officer, reporting directly to CEO Rodney Cook...

FSC names new board members

21 June 2021

The Financial Services Council has appointed Sean West and Justin Delaney as board members...