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Life Insurance

AMP 'carefully' considering ASIC allegations

31 May 2021

AMP has responded to legal proceedings launched against it by the corporate regulator over the alleged deductions of life premiums and advice fees from the accounts of more than 2000 deceased customers...

ASIC cancels Direct My Wealth licences

24 May 2021

ASIC has cancelled the Australian financial services and credit licences of Victorian-based Direct My Wealth after it failed to lodge its 2020 audited financial accounts and its annual compliance certificate as required...

Kaplan offers $100 per subject off 2021 enrolment fees

24 May 2021

Financial services education provider Kaplan Professional is offering $100 scholarships to financial advisers who enrol in a Kaplan Professional higher education financial planning subject in July, August or November...

'Vulnerable' Indigenous man wins dispute against ACBF

24 May 2021

Funeral insurance provider Aboriginal Community Benefit Fund has again been found to have used misleading and deceptive tactics to sell products to vulnerable Indigenous consumers who thought they were buying policies designed for their community...

MLC Life says cover unaffected by COVID vaccines

17 May 2021

MLC Life Insurance is “strongly encouraging” its customers in Australia to get the COVID-19 vaccine as soon as they are eligible, to protect themselves and the wider community from severe disease...