Code compliance committee gets new chairman
21 June 2021
University of New England Deputy Chancellor Jan McClelland has been appointed Chairman of the Life Code Compliance Committee...
Life Insurance
Scor Global Life Australia names former Zurich exec as Chairman
21 June 2021
Scor Global Life Australia has appointed Gavin Pearce as Chairman, taking over from Peter MacKenzie, who is retiring having served in the role since the board’s inception in 2011.
Synchron offers Bunnings voucher for vaccinated advisers, employees
21 June 2021
Synchron advisers and employees who have taken up the COVID-19 vaccine will get a $100 Bunnings gift voucher, the adviser group says...
FSC names new board members
21 June 2021
The Financial Services Council has appointed Sean West and Justin Delaney as board members...
Consumers seek more protection in wake of COVID: survey
07 June 2021
The COVID-19 pandemic has sparked a shift in consumers’ views on insurance protection, with many attaching greater importance to getting adequate cover, a Swiss Re survey has found...
Slater and Gordon flags insurance concerns over 'stapling' reform
07 June 2021
Plaintiff law firm Slater and Gordon is the latest to voice concerns over an impending change to the superannuation scheme that will lead to Australians holding just one default account...
AFCA dismisses complaint over rejected terminal illness claim
07 June 2021
A Swiss Re Life and Health insurance policyholder whose claim for a terminal illness benefit was declined has lost her dispute with the insurer...
Zurich goes into underwriting partnership with ALI Group
07 June 2021
Zurich Financial Services has entered into a long-term underwriting partnership with ALI Group, a provider of risk protection products to Australian home and property buyers via mortgage brokers...
MetLife auditor named Banking & Finance Oath ambassador
07 June 2021
MetLife Australia’s Aoife Donnelly has been crowned a Banking and Finance Oath Young Ambassador...
Individual DII, risk products record $164.7 million loss
31 May 2021
Key risk products continue to be an area of concern for the life insurance industry, according to new figures from the Australian Prudential Regulation Authority...
Advisers raise concern over 'impossible' fee disclosure legislation
31 May 2021
The Association of Financial Advisers says it has reached out to the corporate regulator and Treasury to share its concerns over the interim arrangements for new fee disclosure statement compliance...
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...
Draft super regulations have actuaries worried over potential insurance impact
31 May 2021
The Actuaries Institute has voiced concerns at certain aspects of the draft regulations for a raft of proposed reforms to the superannuation system, saying they have implications for Australians who have group insurance...
Industry reforms take toll on adviser mental wellbeing: study
31 May 2021
Financial advisers have poor mental health, suffering burnout, depression and other related ailments because of the stress from their work, a new study has found...
Marsh, Integrity Life pilot mental health workshops
31 May 2021
Mercer Marsh Benefits and Integrity Life have joined forces to deliver workplace wellbeing workshops specifically designed for SME employers from various industries and sectors...
MetLife partners with NSW Royal Botanic Gardens, Domain Trust
31 May 2021
MetLife Australia has become a principal partner of the Royal Botanic Gardens and Domain Trust...
Actuaries set out 'path forward' for individual DII market
24 May 2021
The Actuaries Institute has released its final report looking at ways to return the ailing individual disability income insurance market to a sustainable path...
Treasury paper sets out proposed funding levies for life industry
24 May 2021
Treasury is seeking submissions on its proposal to collect $24.1 million in total levies from the life insurance and friendly societies industries in the next financial year...
Woman loses dispute over death benefit claim on cancelled policy
24 May 2021
A woman whose husband died seven months after his life insurance policy was cancelled due to non-payment of premiums has lost a dispute over a death benefit claim...
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...