Brought to you by:

Life Insurance

Life firms fire back after Hayne hammering

08 October 2018

AMP, TAL and other life insurers have taken issue with potential misconduct findings identified by the counsel assisting the Hayne royal at the end of the round six hearings…

Hayne must spell end for cold calls: Choice

08 October 2018

Choice CEO Alan Kirkland has called on the financial services and life insurance sector to end outbound sales calls following revelations at the Hayne royal commission…

ASIC wins appeal over fine with no conviction

08 October 2018

The Australian Securities and Investments Commission and the Director of Public Prosecutions have won an appeal against the sentence of former senior financial planner Ricky David Gillespie…

Zurich adopts UnderWriteMe

08 October 2018

Zurich has adopted UndewrWriteMe’s underwriting rules engine as part of a major overhaul of the insurer’s adviser-facing portal. It is the fourth company to adopt the engine this year…

S&P predicts bleak year for life insurers

01 October 2018

Life risk premium growth and earnings will be subdued over the next year as super insurance opt-in and poor income product performance damages the life risk sector, says a new S&P Global ratings report…

ASIC issues advisers’ ethics compliance guide

01 October 2018

The Australian Securities and Investments Commission has released a guide setting out its approach to the approval and oversight of compliance schemes for financial advisers…

New minister Robert to address AFA conference

01 October 2018

Assistant Treasurer Stuart Robert, who took over the financial services portfolio last month, will address the Association of Financial Advisers conference on Friday next week…

FSC says life code update will be tougher

24 September 2018

Financial Services Council CEO Sally Loane says the next version of the life insurance code of practice will take a stronger stance on poor sales practices highlighted at the Hayne royal commission…

Lump sum sales skid to five-year low

24 September 2018

Individual risk lump sum new business sales fell 6.8% to a five-year low of $1.27 billion in the last financial year, research house Dexx&r says…

ASIC bans ex-Macquarie advisers

24 September 2018

Dishonest conduct has resulted in two former Macquarie financial advisers being banned from providing financial services for 10 years…

Events will push for more female planners

24 September 2018

The Financial Planning Association is supporting an expanded series of networking events that aim to encourage the advancement of women in the profession…

AMP charged dead clients life premiums

17 September 2018

AMP continued to charge clients who had died for life insurance premiums despite having been informed of their deaths, the Hayne royal commission into financial misconduct heard today…