27 April 2020
Disability income insurance policies have the highest claims paid ratio for last year in two out of the four channels where the products are sold, according to the latest update from the Australia Prudential Regulation Authority...
27 April 2020
The Financial Services Council has called for further consultation on advice fee consents and independence disclosures as regulatory timetables are disrupted by the coronavirus and advisers face increasing pressures...
27 April 2020
AMP’s wealth management unit has suffered a 13.5% decline in the value of assets under management as market volatility sparked by the COVID-19 pandemic affected its business in the first quarter...
27 April 2020
The COVID-19 outbreak is expected to further pressure the financial advice market, which is already dealing with existing challenges arising from the Hayne royal commission and changes to advice education requirements, according to Challenger...
27 April 2020
TAL has launched a webinar for financial advisers, offering tools and resources to help them remotely service clients while social distancing measures are still in place to control the coronavirus outbreak...
20 April 2020
Life insurers have been granted approval to "co-ordinate" on a joint policy response aimed at ensuring frontline healthcare workers won’t be excluded from coverage because of COVID-19...
20 April 2020
MetLife Australia has urged advisers to step up and help clients cope with financial anxieties caused by the coronavirus-induced economic slump...
20 April 2020
ClearView says its retail life business will likely see an “increase in claims and lapses in the months ahead” due to business uncertainties caused by the virus outbreak...
20 April 2020
The Financial Services Council has appointed its former senior policy manager Blake Briggs as Deputy CEO...
20 April 2020
Super trustees have been issued a temporary no-action position, allowing them to expand the scope of personal advice that may be provided to consumers in need of help to cope with the economic fallout from the coronavirus outbreak...
06 April 2020
The Australian Financial Complaints Authority has found TAL Life has no grounds to reject a claim for critical illness benefit lodged by a policyholder who had aorta repair and replacement surgery in November 2016...
06 April 2020
The coronavirus outbreak has underscored once again the importance of understanding exclusion clauses in life policies, according to Finlaysons Lawyers...
06 April 2020
The Australian Securities and Investments Commission has spelled out new obligations for funeral cover providers as Hayne royal commission reforms take effect this month...
06 April 2020
Commonwealth Bank has received further payment of about $865 million from AIA as part of the sale agreement for its life business CommInsure...
06 April 2020
The Financial Services Council supports greater compliance and enforcement activities aimed at strengthening the legality and penalty framework of the current unfair contract terms regime...
30 March 2020
Australia's life insurers and its Asia Pacific counterparts are in a for a "rough ride" as the coronavirus pandemic wreaks havoc on the global financial markets, S&P Global Ratings has warned...
30 March 2020
New TAL life policyholders may be offered "modified terms" after the insurer moved to change its underwriting guidelines to take into account risks arising from the coronavirus pandemic...
30 March 2020
TAL has agreed to waive the pandemic exclusion that comes with policies that are sold through its four superannuation funds partners – TWU Superannuation Fund, NGS Super, UniSuper and Prime Super...
30 March 2020
A WA adviser has been banned from the industry for four years over his failure to comply with financial services laws...
30 March 2020
Challenger has announced measures to ensure its life business is sufficiently capitalised to weather the financial market volatility caused by the coronavirus pandemic...