TAL defends subsidiary in 'spam' uproar
18 November 2019
TAL is defending itself against accusations that a subsidiary is sending unsolicited emails in a campaign encouraging people to take up funeral insurance in return for bonus gifts...
Life Insurance
Market withdrawal possible under draft regulations: FSC
11 November 2019
Insurers may decide to withdraw group insurance coverage for small retail clients and super fund trustees if they are caught in the Treasury’s draft design and distribution obligations, the Financial Services Council warns...
AFCA backs goodwill gesture and 'stress' refusal
11 November 2019
The Australian Financial Complaints Authority has backed a goodwill gesture by OnePath to refund the entire premium of a life policy after a customer claimed it had breached its promise to respond quickly to an enquiry...
ASIC data project identifies churning
11 November 2019
Queensland adviser Mark Alexander Rothnie has been banned for three years by the Australian Securities and Investments Commission for churning clients through insurance policies...
Group risk inflows reveals winners and losers
11 November 2019
Growth in life insurance inflows have flatlined over the past year, increasing by only 0.8% over the whole industry, according to Plan For Life research...
FPA elects trio to its board
11 November 2019
The Financial Planning Association has appointed a new board member and re-elected two others...
FPA charity increases grants
11 November 2019
The Financial Planning Association’s charity arm Future2 has awarded $191,066 in new grants this year, a 5% increase from 2018...
AIA hands over first payment for CommInsure
04 November 2019
The Commonwealth Bank has received its first cash payment of $500 million from AIA for the sale of CommInsure Life...
ASIC urges care over how super funds explain opting-in
04 November 2019
The Australian Securities and Investments Commission is urging super funds to improve their communication to members about the Putting Members First bill on opt-in insurance in super...
Lost life revenue hits Westpac cash earnings
04 November 2019
Westpac’s decision to abandon the financial advice sector has caused a 4% drop in cash earnings from reduced life insurance premiums and higher insurance claims...
Challenger investment in IFAs helps counter annuities slump
04 November 2019
Challenger annuity sales by independent advisers are up by 26% as the financial services company invests in reaching more advisers and broadening its distribution channels to counter a weak financial advice market...
TAL takes preventative mental health program to super funds
04 November 2019
TAL is launching an online preventative mental health program for super fund members...
Bill could cost 1.6 million their life cover
28 October 2019
About 1.6 million people are likely to lose life cover by 2021 because of the Putting Members’ Interests First bill, which makes insurance opt-in for low-balance super accounts and young members...
Adviser groups lash 'confusing' FASEA ethics code
28 October 2019
Both the Association of Financial Advisers and the Financial Planning Association say the ethics guidance produced by the Financial Adviser Standards and Ethics Authority is confusing and out of touch with current laws...
Call to ban approved product lists
28 October 2019
Life insurance approved product lists should be banned by the regulator, according to a new paper commissioned by ClearView...
TAL launches online claims hub
28 October 2019
TAL has launched a digital claims platform to support and educate policyholders through a claims process. It will complement the TAL claims team...
Fidelity profits down in claims rise
28 October 2019
The underlying profit of New Zealand insurer Fidelity Life has fallen to $NZ13.6 million from $NZ19.2 million last year, amid a multi-million dollar increase in net claims...
Zurich wins group insurance mandate
28 October 2019
Zurich has been given a mandate for group life insurance from industry super fund Energy Super...
ClearView fills senior ranks
28 October 2019
ClearView has appointed Judilyn Beaumont to the dual role of General Counsel and Company Secretary...
TPD cover 'is essentially junk insurance'
21 October 2019
A scathing report into Total and Permanent Disability insurance has found the sector riddled with industry-wide problems in design and claims-handling processes that have left it little better than junk insurance...