AMP reports earnings recovery
12 February 2018
AMP’s life insurance business enjoyed a dramatic turnaround last year, with operating earnings up to $110 million following a $415 million loss in 2016…
Life Insurance
ClearView refunds $1.5 million after ASIC slams telesales
12 February 2018
ClearView has stopped selling life insurance products direct and will refund $1.5 million to 16,000 customers after an investigation identified unfair sales practices…
Cancer researchers near testing breakthrough
12 February 2018
A simple blood test has been developed that can check for eight common cancer types should cost below $500 when it is made available, according to life reinsurer…
SCT urges empathy around TPD claims
12 February 2018
Deduction of group life insurance premiums accounted for the second-highest number of complaints to the Superannuation Complaints Tribunal in the three months to December 31…
Practices fined, banned for ‘flouting law’
12 February 2018
A Melbourne-based financial planning business that charged advice fees to superannuation while claiming life insurance commissions has been fined $7.1 million…
Rice Warner flags protection gap
12 February 2018
The life insurance gap remains significant among the working-age population, according to actuary Rice Warner’s latest analysis using updated census data…
Ex-Suncorp exec fills Freedom COO role
12 February 2018
Freedom Insurance Group has appointed Craig Orton to the newly created role of COO…
‘Role-model advisers’ seeking to enhance education
12 February 2018
Advisers are signing up for education courses as higher qualification requirements loom, according to Mentor Education Principal Mark Sinclair…
Hewison drops commissions for life policies
05 February 2018
Hewison Private Wealth says it will not use a commission-based model for policies sold in its expansion into the life insurance arena, distancing it from financial advisory scandals that have hit groups such as the major banks…
MBS joint venture targets accounting clients
05 February 2018
MBS Insurance has formed a joint venture with accounting group HLB Mann Judd Sydney to provide income protection to the latter’s individual, self-managed superannuation fund and business clients…
Code committee names new chairman
05 February 2018
Anne Brown has been appointed Chairman of the Life Code Compliance Committee, replacing David Weisbrot…
AIA fills ‘people and culture’ role
05 February 2018
Charlotte Ward has been appointed Chief People and Culture Officer for AIA Australia and New Zealand, based in Melbourne…
TAL Risk Academy tops up offering
05 February 2018
The TAL Risk Academy is offering 16 new courses this year, plus a new online learning management system to help advisers create more personalised programs…
Super tribunal welcomes funding to finish job
05 February 2018
About $9.5 million has been allocated to the Superannuation Complaints Tribunal to help it resolve a backlog of disputes by June 30 2020, when it will cease operations…
AFA goes state to state for Connect Tour
05 February 2018
The Association of Financial Advisers will hit the road for its Connect Tour from February 14 to March 2…
Challenger leads industry on profits
29 January 2018
Life insurers made an after-tax net profit of about $2.38 billion last year, with Challenger Life the runaway leader on $445 million, according to the Australian Prudential Regulation Authority’s institution-level statistics…
Kogan adds life to insurance offerings
29 January 2018
Listed online retailer Kogan.com will start selling life and funeral insurance after striking an agreement with Greenstone Financial Services, a distributor and administrator of life policies…
Phone dominates life sales despite drop-off
29 January 2018
The phone still rules when it comes to buying life insurance, even as online sales record the fastest growth among channels, according to a Roy Morgan survey…
OnePath purchase lifts Zurich to leadership status
29 January 2018
Zurich will become the country’s biggest retail life insurer when its $2.85 billion purchase of OnePath from ANZ is complete, which could take up to a year…
ASIC consults on managing adviser conflicts
29 January 2018
The Australian Securities and Investments Commission will consult with the financial advice industry on plans to better manage conflicts of interest…