FPA reaches out to uni students
18 March 2019
The Financial Planning Association has launched a new networking program aimed at attracting university students to the profession…
Life Insurance
Consumers won’t pick up the tab for life advice
11 March 2019
Nearly 30% of consumers are unwilling to pay out-of-pocket fees for life insurance advice, according to a Rice Warner study…
AFCA tells FSC to make super code compulsory
11 March 2019
The Australian Financial Complaints Authority has criticised plans to include the insurance in superannuation code as a voluntary commitment within the Life Insurance Code of Practice…
Industry urged to get real on innovation
11 March 2019
Life insurers must undertake a fundamental product redesign and underwriting transformation to be sustainable in the long term, consultant Oliver Wyman warns…
S&P positive on Suncorp Life after TAL deal
11 March 2019
S&P Global has upgraded its outlook on Suncorp Life to positive after the business’ sale to TAL completed two weeks ago…
FPA online tool addresses FASEA confusion
11 March 2019
The Financial Planning Association has launched an online education portal to combat confusion about forthcoming higher education requirements for advisers…
Integrity takes plunge into retail market
11 March 2019
Integrity Life has fully expanded into the retail market after piloting products with a select group of life advisers…
Profits continue decline as investments struggle
04 March 2019
The life insurance sector’s struggle to maintain viability has been laid bare by the prudential regulator, which says falling investment revenue has slashed profits over the past year…
TAL wraps up Suncorp sale, names integration chief
04 March 2019
TAL has completed its acquisition of Suncorp’s life insurance business and has appointed Andrew Howard as Chief Commercial Officer to lead the integration…
Claims, lapses hit ClearView profit
04 March 2019
ClearView suffered a 13% drop in net profit in the six months to December…
AMP on credit watch amid life divorce
04 March 2019
AMP and its subsidiaries have been placed on a “negative credit watch” by S&P Global Ratings as the group separates from its life insurance businesses…
Freedom holds talks as future remains uncertain
04 March 2019
Freedom Insurance has confirmed it is holding confidential discussions with key stakeholders about its financial position…
APRA consults on threat from offshore reinsurers
04 March 2019
The Australian Prudential Regulation Authority has asked life insurers for input on a review of capital adequacy standards for overseas players…
BT upgrades quoting software
04 March 2019
BT has upgraded its life insurance quote and application software, to make it easier for advisers to obtain cover…
Pacific Life Re’s local MD takes on Asia role
04 March 2019
Pacific Life Re has appointed Andrew Gill as MD of its Australian and Asian businesses…
Grandfathering ban moves a step nearer
25 February 2019
The Federal Government has introduced draft legislation to ban grandfathered commissions paid to financial advisers from January 2021…
Coalition presses on with under-25s opt-in bill
25 February 2019
The Federal Government has introduced legislation to end default life insurance in superannuation for members aged under 25 or with account balances below $6000…
Post-FOFA adviser exodus ‘failed to materialise’
25 February 2019
Growth in the number of financial advisers after the Future of Financial Advice reforms disproves claims there will be an industry exodus if life insurance commissions are scrapped in 2021, Rice Warner says…
Moody’s downbeat on AMP Life
25 February 2019
Moody’s has downgraded AMP Life’s financial strength rating amid deteriorating profitability and increased product risk…
TAL waives premiums for flood and bushfire victims
25 February 2019
Life insurer TAL is waiving premium payments for up to two months to help customers affected by the Queensland floods and Tasmania bushfires…