Life profits continue their downward slide
02 September 2019
The life insurance sector recorded a profit drop in the June quarter of more than 50% compared to the same time last year, according to APRA industry-level statistics...
Life Insurance
Metlife Survey finds ‘mass ignorance’
02 September 2019
A new survey by Metlife has revealed widespread ignorance and distrust about insurance in super, with a lack of awareness about how it works, what it costs, or how to modify it...
Minister shrugs off arguments against second insurance in super bill
02 September 2019
Industry arguments against passing the second insurance in super bill are weak and mostly coming from vested interests, according to Superannuation and Financial Services Minister Jane Hume...
Survey finds super fund members lack engagement
02 September 2019
A “persistent lack of engagement” over superannuation has made it difficult for the life industry to achieve its objective of convincing fund members to keep their life cover, a survey says...
ClearView struggles with market conditions, lapse rates
02 September 2019
ClearView has recorded a net profit after tax of only $4 million after higher than expected life insurance claims and lapse rates and “extremely challenging” market conditions...
Early CFP advisers win recognition
02 September 2019
Financial advisers who trained as Certified Financial Planners prior to 2003 will have their coursework recognised by the Financial Adviser Standards and Ethics Authority, the Financial Planning Association says...
AFA advisers’ excellence recognised
02 September 2019
The Association of Financial Advisers has awarded several advisers for excellence across advice, education, and female leadership at the AFA Conference...
Congress speakers chosen for their inspiration
02 September 2019
The Financial Planning Association line-up of experts speaking at the FPA Congress in November are intended to inspire delegates to embrace the changes happening in the industry...
CBA signs sale agreement with AIA over CommInsure
26 August 2019
The Commonwealth Bank of Australia has signed a joint cooperation agreement with insurer AIA to progress the sale of CommInsure Life, at a $150 million discount from its original price...
Super fund and insurer awareness campaign only had limited results
26 August 2019
Thirty-five per cent of super fund members who were aware of legislative changes to insurance in super chose to keep their life insurance, new research shows...
Advised consumers more likely to monitor their insurance
26 August 2019
Significantly higher numbers of people who receive financial advice regularly check that their insurance arrangements still meet their needs, a survey finds...
AIA records strong improvement in new business value
26 August 2019
Strong performance in Australia led to a 17% improvement in new business value in AIA’s other markets in the first half of the year compared to 2018, AIA says...
MetLife wins at ANZIIF awards
26 August 2019
MetLife has been awarded life insurance company of the year at the Australian Insurance Industry Awards...
Universities offer discounts for FPA members
26 August 2019
Members of the Financial Planning Association will be offered discounted course fees on their postgraduate studies after a deal between the body and five higher education providers...
Insurer launches mental health support for advisers
26 August 2019
Insurer TAL is launching a mental health course for financial advisers...
Study finds link between advisers and under-disclosures
19 August 2019
Life insurance sold through the adviser channel has a higher level of under-disclosure than policies bought directly from insurers, new research has found...
Challenger takes hard knocks from financial advice disruption
19 August 2019
Challenger is warning investors it is still struggling with a challenging financial advice environment and it doesn’t expect any improvement in domestic local sales next financial year...
Adviser banned for three years
19 August 2019
Financial adviser Tarandeep Aujla has been banned for three years, with the Australian Securities and Investments Commission saying he failed to act in his clients’ best interests...
Life advice practices MBS and CRA to merge
19 August 2019
Life and business risk planning practices MBS Insurance and Complete Risk Analysis (CRA) are merging to create one of the industry’s largest life advice groups...
MetLife adds value to customer experience
19 August 2019
MetLife has appointed Lina Saliba as Head of Customer Experience...