LIFE/RISK

INDUSTRY NEWS

The Australian Securities and Investments Commission has released a new draft document outlining how financial advisers and licensees will need to seek variations to thei...

INDUSTRY NEWS

Life advisers may have thought commissions attaching to BT Life policies sold before 2013 were safely grandfathered. They were wrong....

INDUSTRY NEWS

Placing consumers and their treating doctors at the centre of the decision-making process will improve outcomes and reduce the claims costs for life insurers to keep prem...

INDUSTRY NEWS

A Federal Opposition frontbencher has been warned against misinterpreting Australian Prudential Regulation Authority data to suggest that group TPD insurance delivers bet...

INDUSTRY NEWS

The Life Code Compliance Committee is to be given the power to impose sanctions on life insurers if they fail to live up to their obligations under the Financial Services...

INDUSTRY NEWS

The Australian Securities and Investments Commission has lifted the lid on the underlying methodology of its Life Insurance Framework review. ...

INDUSTRY NEWS

Fixed term level premiums will give more certainty for clients and will become the norm in the future but there has not been a proper level premium for a fixed term produ...

INDUSTRY NEWS

New research from KPMG has confirmed the degree to which COVID-19 impacted the Australian life insurance industry already on the back foot and facing revenue and profitab...

INDUSTRY NEWS

St Andrew’s insurance is set to become an independent player in the Australian market after being sold by the Bank of Queensland to investment player, Farmcove Investment...

INDUSTRY NEWS

MLC Life’s new chief of life insurance, Sean McCormack, has acknowledged the adverse impacts of the company’s technology changes but says the company is accepting its res...

INDUSTRY NEWS

The newly-raised capital will be used to support the expansion of operations and continued development of its digital-led insurance offering....

INDUSTRY NEWS

Insurance claims for mental health injuries have risen by 80% since 2017, according to Allianz, with firms now seeking to address mental health in the workplace....

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MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

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Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

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gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

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A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

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ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

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Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

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