Winning scholarship submission ‘impossible to ignore’
02 November 2020
Honor Grant-Hennessy, the Senior Group Underwriter at OnePath Life/Zurich, has been awarded this year’s ALUCA TurksLegal Scholarship...
Life Insurance
Time for changes: Rice Warner calls for new advice regime
26 October 2020
Consultancy Rice Warner has proposed a new advice model that it says will help take the under-pressure industry forward...
DII claims paid ratio highest in two out of four sales channels
26 October 2020
Disability income insurance policies topped the claims paid ratio in two out of the four channels where the products are distributed, new data from the Australian Prudential Regulation Authority shows...
Westpac flags $406 million writedown of life business
26 October 2020
Westpac’s full-year financial results, which will be released next Monday, will contain a $406 million writedown of its life insurance business...
TAL and ClearView avoid decline in life risk premium inflow
26 October 2020
Life risk premium inflows fell 6.4% to $15.9 billion in the year to June 30 as every insurer, with the exception of market leader TAL and ClearView Life, recorded declines during the period, new data from actuaries and researchers Plan for Life shows...
Celebrity adviser Henderson sentenced
26 October 2020
Former financial planner Sam Henderson has been sentenced to a two-year good behaviour bond and fined $10,000 after being convicted of issuing defective disclosure documents and dishonest conduct...
ALUCA names excellence award winners
26 October 2020
Joanne Faglioni, the former head of claims for OnePath who became Chief Claims Officer handling retail and group claims for Zurich and OnePath Life, has won the Leadership Award at last week’s Australasian Life Underwriting and Claims Association annual awards...
MetLife, Count Financial launch adviser education initiative
26 October 2020
Count Financial announced today it will provide an educational program for its network of risk advisers in collaboration with MetLife Australia...
No near-term relief for Life as losses top $1.3 billion
19 October 2020
Further losses are likely in store for the life industry after it made an aggregate loss of $1.3 billion in the last financial year, compared with an $800 million profit in the previous year...
ALP calls for ‘prohibition of commissions’
19 October 2020
The Australian Labor Party has reiterated its stance against the commission model – indicating that major changes could be on the cards for advisers if the party wins the next federal election, which may be held as early as August next year...
Minister flags action to cut red tape burden on advisers
19 October 2020
The Federal Government says it is aware of advisers’ concerns over the cost impact of regulatory reforms and is considering ways to ease the burden to support the provision of affordable financial advice...
PI problems lead to Ballast’s licence suspension
19 October 2020
The Australian Securities and Investments Commission has suspended the financial services licence of Ballast Financial Management for 10 weeks after it was unable to obtain professional indemnity insurance...
OnePath provides cover for AFL Players Association
19 October 2020
Zurich-owned OnePath will provide total and permanent disability and death cover for the AFL Players Association after the group completed a review process...
Rise in life profit drives up Clearview’s earnings
19 October 2020
ClearView has reported a 35% rise in underlying net profit to $6.9 million for the first quarter, underpinned by solid contributions from its life insurance division...
Challenger sees strong annuity sales in Q1
19 October 2020
Investment group Challenger says its life annuity sales in the first quarter grew 46% to $1.23 billion from a year earlier...
Pandemic doubles customer uptake of MLC’s Mental Health Navigator
19 October 2020
MLC Life Insurance says the number of customers using its Mental Health Navigator service has almost doubled since the onset of COVID-19...
AMP’s acting CEO joins FSC board
19 October 2020
The Financial Services Council has announced the appointment of AMP Australia acting CEO Blair Vernon as a board director...
AGI rejigs brand with two new-look websites
19 October 2020
Third-party group insurance administrator Australian Group Insurances is introducing a new “brand aesthetic” with the launch of two refreshed websites...
FSC’s 2020 advice summit to be held online tomorrow
19 October 2020
The Financial Services Council is holding its 2020 Future of Advice Summit tomorrow, featuring industry, regulatory and academic leaders discussing Australia’s financial advice landscape in detail...
Budget draws mixed reactions from advisers
12 October 2020
Advisers have voiced disappointment at the lack of specific measures in last week’s Federal Budget that would support the drive to encourage Australians to seek professional financial advice...