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…
Life Insurance
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…
CommInsure penalised over trauma cover confusion
29 January 2018
CommInsure will pay $300,000 to a consumer advice service and have its advertising sign-off process independently reviewed after an Australian Securities and Investments Commission investigation…
Ex-Commonwealth adviser banned
29 January 2018
A former Commonwealth Financial Planning adviser who left clients without insurance after they switched products has been banned for five years…
Voluntary super code draws fire
29 January 2018
A voluntary code of practice for providing insurance within superannuation has come under fire for lacking teeth and rejecting stronger reforms…
ASIC acts over planners’ advice failings
29 January 2018
Queensland’s Breakaway Finance Group will cancel its financial services licence under an enforceable undertaking to the Australian Securities and Investments Commission, as the regulator continues to crack down on planners…
Advisers warned over death nomination process
29 January 2018
The Australian Securities and Investments Commission says financial advisers are cutting corners when witnessing signatures for superannuation death benefit nomination forms…