Senators back super reforms
20 August 2018
A Senate committee reviewing the Turnbull Government’s planned reform of life cover in superannuation has backed the measures…
Life Insurance
Australian growth attracts Japanese insurers
20 August 2018
Australia’s life insurance market remains highly attractive for Japanese buyers, Fitch Ratings says in a report on Dai-ichi’s purchase of the Suncorp life business…
Challenger makes gains outside annuities
20 August 2018
Challenger’s annuity sales were unchanged at $4 billion last financial year, while total life sales increased 12% to $5.6 billion…
TAL names customer ops GM
20 August 2018
TAL has appointed Matt Paterson as GM Customer Operations and Underwriting following the departure of David Campbell…
TAL hails Suncorp life purchase, distribution deal
13 August 2018
TAL Dai-ichi will acquire Suncorp’s Australian life insurance business for about $725 million, in a deal that includes a 20-year distribution alliance…
‘Grudge’ buyers quick to dump life insurers
13 August 2018
About 242,000 customers switched life insurance providers in the year to June, with another 766,000 investigating other providers for a better deal, a study shows…
Earnings plunge as AMP feels Hayne pain
13 August 2018
Scandal-hit AMP expects further fallout from the Hayne royal commission, which has exposed the group’s poor conduct and corporate deceit…
Fee scandal payouts pass $250 million
13 August 2018
Customers caught in the fees-for-no-service scandal have been offered or paid $259.56 million in refunds and interest, according to the corporate regulator…
MetLife fills roles in growing retail team
13 August 2018
MetLife has expanded its retail sales team, making seven appointments across underwriting and relationship management roles…
CFO quits Centrepoint
13 August 2018
Centrepoint Alliance CFO John Cowan will leave in November after nearly four years with the company…
FPA announces keynote speaker
13 August 2018
American author and financial services expert Mitch Anthony will be a keynote speaker at the Financial Planning Association’s Professionals Congress in Sydney in November…
Opt-in reform may put 11% on premiums
06 August 2018
Premiums for insurance within superannuation could rise 11.1% due to proposed rule changes that will reduce the opportunity for cross-subsidisation by age, consultant Rice Warner says…
APRA consults on group cover standards
06 August 2018
The Australian Prudential Regulatory Authority is seeking feedback on the prudential framework covering insurance in superannuation, and whether it is fit for purpose…
Advisers urged to sign exam register
06 August 2018
Financial advisers must join the Australian Securities and Investments Commission’s existing provider register this year to avoid the Financial Adviser Standards and Ethics Authority exam, the regulator says…
FPA Awards open for nominations
06 August 2018
The Financial Planning Association is calling for nominations to its annual awards honouring advisers, paraplanners, university students and planning practices…
TAL hits road to reach advisers
06 August 2018
TAL’s adviser roadshow began in Adelaide last week and will continue across Australia before concluding in Wagga Wagga next month…
CommInsure introduces data dashboard
06 August 2018
CommInsure has developed a data analytics dashboard that it says helps group life insurance clients make faster and better decisions about cover…
Affinia helps licensees stick to rules
06 August 2018
Dealer group Affinia has introduced a support service to help Australian financial services licensees with compliance and other business requirements…
FSC invests in data reforms
30 July 2018
The Financial Services Council has established a project to improve the life insurance industry’s collection and analysis of aggregate data and design more efficient products…
ASIC to step up super scrutiny
30 July 2018
Superannuation funds can expect greater scrutiny from the Australian Securities and Investments Commission as it works to rebuild consumer trust in the financial system…