Life goes as YBR ditches wealth division
20 May 2019
Yellow Brick Road is to offload, outsource or restructure its wealth division, including life insurance, to focus more on mortgage distribution, servicing and product manufacture…
Life Insurance
FASEA exams open for registration
20 May 2019
Advisers can now register for the Financial Adviser Standards and Ethics Authority exam…
ALUCA to name award winners
20 May 2019
Finalists have been chosen for the Australasian Life Underwriting and Claims Association’s Life Insurance Excellence Awards…
FSC rejects civil penalties, code interference
13 May 2019
The Financial Services Council has rejected the idea that civil penalties should apply to a voluntary industry code…
TAL to absorb Asteron retail business
13 May 2019
TAL is to realign Asteron’s adviser-focused life insurance business with its own following a strategic review…
Stop ignoring complaints, regulator tells NZ life insurers
13 May 2019
The Financial Markets Authority in New Zealand has urged life insurers to respond more systemically to customer complaints, to uncover flaws in their product design, company conduct or processes…
Disability income losses ‘unavoidable for now’
13 May 2019
Unprofitable inforce individual disability income policies will dominate loss outcomes for the next decade until more profitable business grows, Rice Warner warns…
Post-death finances ‘too taboo’
13 May 2019
Australians would rather talk to their partners about their past relationships than broach the subject of financial security if one of them dies, according to a study…
APRA demands action on disability income cover
06 May 2019
The product design and pricing decisions behind disability income insurance may be harming the long-term interests of policyholders, the prudential regulator says…
Consumer groups demand group cover inquiry
06 May 2019
The Financial Rights Legal Centre and the Superannuation Consumers’ Centre want an independent inquiry into universal terms for insurance in super…
AMP wealth management bleeds as Murray defends life sale
06 May 2019
AMP lost $1.8 billion from its wealth management arm last quarter as investors and superannuation fund members continued to dump the troubled group…
Freedom hands off policy admin as Swiss Re steps in
06 May 2019
Freedom Insurance will transfer its policy administration services to Genus Life Insurance…
REST switches to TAL as new insurance partner
06 May 2019
REST Super will switch life insurance providers from AIA Australia to TAL at the end of this year…
Industry inflows rise as TAL tightens grip
06 May 2019
Australian life risk premium inflows grew 2% to $16.3 billion last year, analyst Strategic Insight says…
Industry funds attack ‘watered down’ commission ban
06 May 2019
Industry Super Australia has joined the chorus of superannuation groups criticising draft laws to ban grandfathered trail commissions…
AFA opens award nominations
06 May 2019
Nominations are open for the Association of Financial Advisers awards program, including the categories adviser of the year, practice of the year, rising star, female excellence in advice and excellence in education…
Industry slams grandfathered commissions reform
29 April 2019
Super industry groups have attacked draft laws to ban grandfathered trail commissions, saying they don’t go far enough…
Former Breakaway AR banned for five years
29 April 2019
Queensland-based adviser Gregory Forster has been handed a five-year ban for providing inappropriate advice and failing to act in clients’ best interests…
Challenger sales take hit as advice market struggles
29 April 2019
Life annuity provider Challenger has recorded a drop in sales as fallout from the Hayne royal commission disrupts the financial advice market…
Aon to exit financial advice
29 April 2019
Aon is to sell its financial planning business, adding to the raft of large companies abandoning the sector to independents…