insuranceNEWS.com.au https://www.insurancenews.com.au/ General insurance and financial services news from Australia and around the world en-au admin@insurancenews.com.au Copyright 2019 TPD cover 'is essentially junk insurance' https://www.insurancenews.com.au/life-insurance/tpd-cover-is-essentially-junk-insurance https://www.insurancenews.com.au/life-insurance/tpd-cover-is-essentially-junk-insurance 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...

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Mon, 21 Oct 2019 13:26:00 +1100
ASIC chases information on grandfathering https://www.insurancenews.com.au/life-insurance/asic-chases-information-on-grandfathering https://www.insurancenews.com.au/life-insurance/asic-chases-information-on-grandfathering 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...

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Mon, 21 Oct 2019 13:25:00 +1100
Relief: regulator defers advisersí compliance obligations https://www.insurancenews.com.au/life-insurance/relief-regulator-defers-advisers-compliance-obligations https://www.insurancenews.com.au/life-insurance/relief-regulator-defers-advisers-compliance-obligations 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...

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Mon, 21 Oct 2019 13:24:00 +1100
Challenger still fighting domestic annuities slump https://www.insurancenews.com.au/life-insurance/challenger-still-fighting-domestic-annuities-slump https://www.insurancenews.com.au/life-insurance/challenger-still-fighting-domestic-annuities-slump 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...

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Mon, 21 Oct 2019 13:23:00 +1100
MetLife staff take the oath https://www.insurancenews.com.au/life-insurance/metlife-staff-take-the-oath https://www.insurancenews.com.au/life-insurance/metlife-staff-take-the-oath More than 40% of MetLife staff have taken the Banking and Finance Oath to help rebuild the industry’s reputation, the insurer says...

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Mon, 21 Oct 2019 13:22:00 +1100
NZ advisers staying put after licence changes https://www.insurancenews.com.au/life-insurance/nz-advisers-staying-put-after-licence-changes https://www.insurancenews.com.au/life-insurance/nz-advisers-staying-put-after-licence-changes 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...

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Mon, 21 Oct 2019 13:22:00 +1100
AFA life awards coming up https://www.insurancenews.com.au/life-insurance/afa-life-awards-coming-up https://www.insurancenews.com.au/life-insurance/afa-life-awards-coming-up The Association of Financial Advisers will present its annual Life Company of the Year and Consumer Choice Awards next month...

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Mon, 21 Oct 2019 13:20:00 +1100
FPA names finalists for awards https://www.insurancenews.com.au/life-insurance/fpa-names-finalists-for-awards https://www.insurancenews.com.au/life-insurance/fpa-names-finalists-for-awards The Financial Planning Association has named finalists across six different categories for its annual FPA Awards...

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