S&P lifts Challenger Life outlook
20 November 2017
S&P Global Ratings has revised its outlook on Challenger Life from stable to positive and confirmed its “A” financial strength and issuer credit ratings…
Life Insurance
Adviser banned for five years over churning
20 November 2017
A Queensland adviser who was found to have churned life insurance policies has been banned from the industry for five years…
OneView portal goes mobile
20 November 2017
ANZ Wealth’s online adviser portal, OneView Life, now offers mobile access to obtain client and policy information…
AMP enhances LIF support for advisers
20 November 2017
AMP has added a practice diagnostic tool and video tutorial series to its Life Insurance Framework resource hub…
Life insurers ‘decline 8% of claims’
13 November 2017
Life insurers admitted 92% of finalised claims last year and declined about 8%, according to pilot industry data released by the Australian Prudential Regulation Authority and Australian Securities and Investments Commission…
Group cover code must have teeth, lawyers warn
13 November 2017
Maurice Blackburn Lawyers says a code of practice for insurance provided within superannuation must be binding and enforceable from the start to be effective in driving higher standards…
Freedom anticipates first-half sales growth
13 November 2017
Freedom Insurance Group expects a 3-11% rise in first-half net revenue compared with the corresponding period last year…
ASIC acts against two NSW firms
13 November 2017
The Australian Securities and Investments Commission has cancelled the financial services licence of one company and suspended another following continued breaches…
Ex-CBA planner admits forgery
13 November 2017
Former Commonwealth Bank planner Ricky David Gillespie, previously banned from providing financial services, has pleaded guilty to forgery…
Premium deductions don’t raise many complaints
13 November 2017
Concerns about the deduction of insurance premiums from wages and salaries prompted 6.9% of complaints received by the Superannuation Complaints Tribunal in the third quarter…
AFG announces Lifebroker partnership
13 November 2017
Australian Finance Group has appointed comparator Lifebroker to its life insurance referral program…
AMP upgrades to Face ID
13 November 2017
AMP customers can securely log on to the life insurer’s apps on Apple’s iPhone X using facial recognition technology…
AMP reviews security after data breach
06 November 2017
AMP is assessing the way data is handled after internal staff expenses details were accidentally stored in a public cloud service by a third-party contractor…
BT to expand life product offerings
06 November 2017
Westpac-owned BT Financial Group aims to have at least three “high-quality insurers” on its life insurance approved product list by March next year…
Satisfaction rises, but planners’ client pool shrinks
06 November 2017
Client retention remains a key issue for financial planners, despite actions to improve satisfaction rates and rising demand for advice, according to market researcher Investment Trends…
FPA welcomes ‘certainty’ on education standards
06 November 2017
The Financial Planning Association has welcomed an announcement from the Financial Adviser Standards and Ethics Authority clarifying its position on qualifications for individuals entering the profession…
APRA seeks feedback on reinsurance amendment
06 November 2017
The Australian Prudential Regulation Authority is consulting on its proposal to amend Prudential Standard LPS 230, which applies to all life insurance companies including friendly societies…
CommInsure rehab worker wins TurksLegal scholarship
06 November 2017
Jennifer Jackson, a Rehabilitation Consultant at CommInsure, has won this year’s Australasian Life Underwriting and Claims Association TurksLegal Scholarship for her essay on genetic testing…
ANZ helps advisers adjust to reforms
06 November 2017
ANZ Wealth has introduced an online service to help advisers prepare for the Life Insurance Framework taking effect on January 1…
Future2 tops $130,000 in grants
06 November 2017
The Financial Planning Association’s charity arm, the Future2 Foundation, has awarded $133,000 in grants this year to 14 charities that help socially and financially disadvantaged young Australians…