Hayne hearings prompt probe by NZ regulators
28 May 2018
New Zealand life insurers must explain actions taken to address conduct and culture issues as regulators seek to avoid the kind of practices that have tainted their Australian counterparts…
Life Insurance
Regulators ‘well advanced’ on claims data reporting regime
28 May 2018
A public reporting regime for life insurance claims information may be ready early next year, as regulators progress through the second round of pilot data collection…
Mitsui buys CBA stake in Chinese insurer
28 May 2018
Commonwealth Bank has sold its 37.5% holding in China’s BoComm Life Insurance for $668 million to Mitsui Sumitomo Insurance…
TAL claims managers, leaders gain mental health coaching
28 May 2018
TAL is introducing mental health coaching programs to help claims managers assist clients, and to enhance management skills within the company…
MLC lets Vision Super members into portal
28 May 2018
MLC Life will open its LifeView group insurance digital portal to Vision Super’s 100,000 members…
ALUCA names award winners
28 May 2018
The Australasian Life Underwriting and Claims Association has named the winners of its maiden excellence awards, covering 10 categories…
AFA opens rising star nominations
28 May 2018
Nominations are open for the Association of Financial Advisers Rising Star of the Year Award…
AMP faces record class action threat as more lawyers file
21 May 2018
Maurice Blackburn and Shine Lawyers have announced plans for class actions against AMP, which now faces five such possible lawsuits over alleged financial misconduct and its effect on shareholders…
Risk chief quits AMP advice business
21 May 2018
Pally Bargri has resigned as chief risk officer for AMP’s advice arm, a company spokesman told insuranceNEWS.com.au…
MLC backs call for worker rehab role
21 May 2018
MLC Life Insurance has joined its peers in calling for legislative change to let the industry fund medical treatment for injured workers…
ASIC seeks feedback on ethics compliance schemes
21 May 2018
The Australian Securities and Investments Commission has outlined plans for approving and overseeing compliance schemes for financial advisers…
Commissions dominate NZ advisers’ pay
21 May 2018
About 43% of authorised financial advisers in New Zealand derived income from commissions in the year to last June…
FMA soft commission report raises conflict fears
21 May 2018
Insurers spent $NZ34 million on New Zealand advisers through so-called soft commissions over a two-year period to March last year…
ASIC bans lying adviser
21 May 2018
Adviser Ezzat-Daniel Nesseim has been permanently banned from the industry…
MLC adds mental health to medical advice service
21 May 2018
MLC Life Insurance has expanded its free medical advice service to cover mental health conditions including depression, stress and anxiety…
AIA extends Claims on Wheels program
21 May 2018
AIA Australia will roll out its Claims on Wheels home visit service nationwide following a successful pilot in Victoria…
FPA calls for grant nominations
21 May 2018
The philanthropic arm of the Financial Planning Association is calling for members to nominate non-profit organisations for its grants program…
Budget axes exit fees, default cover for under-25s
14 May 2018
Exit fees on superannuation accounts will be stopped and under-25s will no longer be given default life insurance under reforms outlined in the federal budget…
Moody’s report adds to AMP woes
14 May 2018
Moody’s has slapped AMP with a negative credit outlook, following testimony at the Hayne royal commission…
Class actions filed as more AMP directors quit
14 May 2018
Two class action lawsuits have been filed against AMP, as the fallout from the Hayne royal commission continues…