16 March 2020
Merger and acquisition opportunities in life insurance remain limited after many years of strong activity, with the sector now largely foreign-owned and the top three insurers controlling more than half of net policy revenue, Deloitte says...
09 March 2020
Consumers are doubtful the life insurance industry has addressed issues raised by the Hayne royal commission as lack of trust remains a problem, research by NobleOak shows...
09 March 2020
Proposed legislation to crack down on hawking could impede natural conversations that are beneficial for consumers, the Financial Services Council (FSC) says...
09 March 2020
Overly complex reforms don’t help consumers and only make financial advice more expensive and difficult to access, the Financial Planning Association has warned...
09 March 2020
MetLife Australia has signed the United Nations (UN) Women’s Empowerment Principles, which aim to promote gender equality in the workplace and society...
09 March 2020
Colonial Mutual Life has been ordered to pay an income protection policyholder $1500 compensation after providing incorrect explanations for premium increases...
02 March 2020
The troubled life industry is suffering further setbacks, with new figures from the prudential regulator showing a massive blowout in revenue...
02 March 2020
The Financial Services Council has backed the Hayne royal commission’s proposed reform measures relating to the duty of disclosure and limiting avoidance of life insurance contracts...
02 March 2020
More than 40% of consumers and 60% of SMEs with life insurance policies worry whether their claims will be paid, according to an annual survey by MetLife Australia...
02 March 2020
ClearView Wealth has reported a “disappointing” second half, with income protection claims battering its life insurance business...
02 March 2020
MLC Life Insurance has appointed Kent Griffin as its new CFO and also has a new head of technology after Sarv Girn departed the life insurer with immediate effect...
24 February 2020
The Financial Services Council says civil penalties proposed for individuals under an extension of the Banking Executive Accountability Regime may hit industry recruitment...
24 February 2020
Zurich has a new distribution team to help it execute its dual-brand proposition after the acquisition of OnePath Life from ANZ in June...
24 February 2020
The majority of shareholders of Freedom Insurance have voted to liquidate the business...
24 February 2020
Yellow Brick Road has sold its Wealth Division, which includes life insurance, to Sequoia Financial Group...
24 February 2020
Donations to Australian charities by the Association of Financial Advisers Foundation have reached $2 million...
17 February 2020
AMP’s life insurance business posted an operating loss of $21 million last year, weighed by changes to retirement income rules and structural challenges in the wealth protection industry...
17 February 2020
Shine Lawyers plans a new class action against AMP Life, AMP Financial Planning and two of its subsidiaries, saying clients were slugged with excessive premiums and deserve to be compensated...
17 February 2020
A number of fund trustees are failing to properly explain to members the changes in super laws that could affect their accounts, an Australian Securities and Investments Commission review says...
17 February 2020
Freedom Insurance Group will hold an extraordinary general meeting in Sydney on Friday where shareholders will vote on whether to liquidate the business...