Royal commission to rattle distribution chain
11 February 2019
The Hayne royal commission’s recommendations are likely to disrupt the life insurance distribution chain, according to consultant Roy Morgan…
Life Insurance
AMP Life head to take CEO role under new parent
11 February 2019
Megan Beer has been appointed AMP Life CEO and will continue leading the business after its sale to international insurer Resolution Life is completed in the second half of the year…
Scandal-hit Freedom’s shares suspended
11 February 2019
Freedom Insurance is unsure when it can announce details of its financial status and has asked for its shares to be suspended on the Australian Securities Exchange “pending such an announcement”…
NAB to delay MLC sale
11 February 2019
NAB is likely to delay offloading MLC Wealth Management until the 2020 financial year following weak trading results and amid fallout from the Hayne royal commission…
Commission demands group cover probe
04 February 2019
The Productivity Commission wants an independent public inquiry into group insurance, saying it provides poor outcomes for low-income members…
Regulators savage NZ life insurer conduct
04 February 2019
New Zealand regulators have sharply criticised the life insurance industry’s poor governance and conduct following a review…
MetLife names new chief
04 February 2019
MetLife has appointed Statewide Super CEO Richard Nunn as its next CEO, effective from May…
MLC hires customer chief
04 February 2019
MLC Life Insurance has appointed Louise Portelli as Chief Customer Experience Officer…
NEOS recruits to WA office
04 February 2019
NEOS Life has appointed Reon Botha as State Manager for WA, where he will lead the sales team.
TAL shakes up adviser education program
04 February 2019
TAL has created a masterclass to help advisers prepare for the Financial Adviser Standards and Ethics Authority exam…
Consumers unwilling to share burden under DNA regime
10 December 2018
About 61% of people are against subsidising life insurance premiums for insureds at higher risk of illness based on genetic testing, according to Financial Services Council consumer research…
Consumers demand ‘fair, fast payouts’
10 December 2018
Life insurance policyholders want faster payouts and better innovation and communication, according to an analysis of hundreds of consumer reviews on comparator Insurance Watch…
Freedom creates compensation pot, weighs future
10 December 2018
Freedom Insurance Group will set aside an initial $3-4 million for a customer compensation program after completing its strategic review…
Soft skills key to client relationships: MetLife
10 December 2018
Clients still prioritise advisers’ soft skills even as the industry is focusing on education and technical competency, MetLife says…
Integrity bulks up for retail expansion
10 December 2018
Integrity Life has appointed Julie James as Regional Manager of Retail and Cornell Hoffman Head of Finance, as it strengthens its team before a move into the retail market…
Act fast or lose commission, ClearView urges advisers
03 December 2018
ClearView has warned advisers waiting on policy applications to contact it and finalise matters before December 31 to receive the maximum 88% commission…
Sovereign brand goes as AIA takes over in NZ
03 December 2018
Sovereign will rebrand as AIA following its acquisition by the Asian life insurer earlier this year…
FMA warns on ‘copy-paste’ adviser
03 December 2018
New Zealand’s Financial Markets Authority has issued a public warning over a financial adviser who copied and pasted client signatures on insurance policy documents…
ASIC cancels Financial Circle licences
03 December 2018
The Australian Securities and Investments Commission has cancelled advice group Financial Circle’s financial and credit licences…
AIA holds workplace mental wellness trial
03 December 2018
AIA is testing a corporate mental health program in partnership with medical technology group Medibio…