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TPD cover 'is essentially junk insurance'

Mon, 21 Oct 2019 13:26:00 +1100

A scathing report into Total and Permanent Disability insurance has found the sector riddled with industry-wide problems in design and claims-handling processes that have left it little better than junk insurance...

ASIC chases information on grandfathering

Mon, 21 Oct 2019 13:25:00 +1100

The Australian Securities and Investments Commission is asking product providers for information about their grandfathered commissions arrangements in the lead up to the ban in January 2021...

Relief: regulator defers advisers� compliance obligations

Mon, 21 Oct 2019 13:24:00 +1100

The Australian Securities and Investments Commission will provide regulatory relief for advisers from current compliance scheme obligations, following the Government decision to establish a single disciplinary body for the sector...

Challenger still fighting domestic annuities slump

Mon, 21 Oct 2019 13:23:00 +1100

Challenger’s total life net flows have jumped $766 million over the first quarter of the financial year, thanks to a strong performance in Japanese annuities and other life sales. The overseas performance contributed 5.2% growth to their life book, offsetting disappointing results at home...

MetLife staff take the oath

Mon, 21 Oct 2019 13:22:00 +1100

More than 40% of MetLife staff have taken the Banking and Finance Oath to help rebuild the industry’s reputation, the insurer says...

NZ advisers staying put after licence changes

Mon, 21 Oct 2019 13:22:00 +1100

Most New Zealand financial advisers plan to stay in the industry after the new financial advice licence regime starts next year, according to a recent survey...

AFA life awards coming up

Mon, 21 Oct 2019 13:20:00 +1100

The Association of Financial Advisers will present its annual Life Company of the Year and Consumer Choice Awards next month...

FPA names finalists for awards

Mon, 21 Oct 2019 13:19:00 +1100

The Financial Planning Association has named finalists across six different categories for its annual FPA Awards...