12 October 2020
Funeral insurer Aboriginal Community Benefit Fund has been found to have misled an Indigenous woman who bought a policy in 2006 under the impression that the plan would benefit her community...
12 October 2020
Synchron has called for the scrapping of the Best Interests Duty regulation that life advisers must comply with, suggesting consumers would be better served instead with a “requirement to provide appropriate advice”...
12 October 2020
MLC Life Insurance has expanded its group insurance team with three new GM appointments...
12 October 2020
The Association of Financial Advisers has announced an On-Demand program and Masterclasses for this week’s annual conference...
05 October 2020
Individual disability income insurance providers must immediately work on turning around the money-losing product line or face additional upfront capital penalties from the Australian Prudential Regulation Authority...
05 October 2020
The Actuaries Institute’s proposed measures to turn around the ailing disability income insurance market have the backing of key stakeholders, the Financial Services Council and major life insurer AIA...
05 October 2020
Life Insurance Code of Practice breaches in the last financial year fell 29% to 171, including 44 that were reported by subscribers as significant...
05 October 2020
Consultancy McKinsey has outlined three ways in which life insurers can re-establish a central partnership in customers’ lives...
05 October 2020
The Australian Securities and Investments Commission has commenced civil action against WA adviser Rahul Goel, alleging he acted dishonestly while running his financial services company AR Wealth and Finance last year...
05 October 2020
The Australasian Life Underwriting and Claims Association has announced the contenders for its annual excellence awards...
05 October 2020
Commonwealth Bank of Australia has received a further $450 million from AIA as part of the sale of its Australian life insurance business CommInsure...
05 October 2020
About 79% of life insurance professionals are experiencing more job stress since work from home arrangements started in late March because of the pandemic, according to research from the Australasian Life Underwriting and Claims Association...
05 October 2020
Sydney-based Integrity Life has secured $43 million to support further development of its digital-led insurance offering...
05 October 2020
The Association of Financial Advisers has named Australian Olympic champion Cathy Freeman as the keynote speaker at its Vision Conference, which will be broadcast from Sydney’s Museum of Contemporary Art on October 14-15...
05 October 2020
An article in last week’s Life Insurance section confused the job titles and backgrounds of MLC Chief Life Insurance Officer Sean McCormack and Chief Group Insurance Officer Sean Williamson...
28 September 2020
The Actuaries Institute has published for consultation a report proposing sweeping reforms for the ailing retail disability income insurance market...
28 September 2020
MLC has created a new Life Insurance Division in a shake-up that new Chief Life Insurance Officer Sean McCormack says recognises its current service experience “is not acceptable”...
28 September 2020
A temporary measure to enable financial advisers to provide consumers with affordable services during the pandemic crisis has been extended by six months to April 15 next year...
28 September 2020
Suncorp New Zealand has promoted Grant Willis to a newly established Head of Life role at Asteron...
28 September 2020
Advisers in Victoria have been given more time to comply with fee disclosure statement and renewal notice obligations under temporary changes made by the Australian Securities and Investments Commissions...