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Life Insurance

Consumer satisfaction tumbles further

29 October 2018

Customer satisfaction with risk and life insurance continues to decline, falling to 65.4% this year from 66.4% last year, according to a Roy Morgan survey…

Group insurance budget benefits ‘doubtful’

29 October 2018

The “public purse” benefits of default insurance policies in superannuation are doubtful due to increased demand for the age pension as premiums erode balances, the Productivity Commission says…

CBA sells Indonesian life business

29 October 2018

Commonwealth Bank has sold its 80% stake in an Indonesian life insurance business to Hong Kong-based FWD Group for $426 million…

Industry premium inflows rise

22 October 2018

Risk premium inflows to the life insurance sector increased 1.8% to $16.4 billion last financial year, according to consultant Strategic Insight…

MetLife upbeat on adviser reputations

22 October 2018

Financial advisers’ reputations can withstand the fallout from the Hayne royal commission, according to research by MetLife Australia…

SuperFriend recruits Sydney manager

22 October 2018

Melbourne-based workplace mental health support group SuperFriend has appointed Rob Costello to the newly created Partner Relationship Manager role in Sydney…

BT improves online offering

22 October 2018

BT has changed its online application system, aiming to make it simpler for advisers and clients…

NobleOak takes direct life award

22 October 2018

NobleOak Life has won the Strategic Insight annual direct life insurance award, edging out TAL Life and Suncorp Life for the top prize…

FPA names award contenders

22 October 2018

The Financial Planning Association has announced the finalists in its annual awards program…

ASIC turns spotlight on FOFA breaches

15 October 2018

The Australian Securities and Investments Commission intends to review financial services licensees’ non-compliance with renewal notices and fee disclosure statements…

ASIC hands adviser three-year ban

15 October 2018

The Australian Securities and Investments Commission has imposed a three-year ban on financial adviser Gurumukh Singh Mehra for failing to act in clients’ best interests…

FPA names new Chairman

15 October 2018

The Financial Planning Association has appointed Marisa Broome as Chairman, taking over from Neil Kendall, who has served on the board for eight years…

ASIC releases reporting dates instrument

15 October 2018

The Australian Securities and Investments Commission has introduced a legislative instrument related to professional standards reforms for financial advisers…

MetLife secures Tasplan contract

15 October 2018

MetLife has won a tender to provide group life insurance to Tasmanian industry superannuation fund Tasplan’s 145,000 members…