life insurance

Financial planning

Aussies seek to become ‘empowered’ through advice

While fewer than one in five Australians consult financial advisers, the vast majority wish they could do more to feel in control of their personal finances, two new repo...

Life/Risk

CALI director Marshan exits after less than a year

Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Plannin...

Life/Risk

Life Code transitions from FSC to CALI

The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers....

Expert Analysis

The healthcare burden no one is talking about

The financial burden of chronic disease is growing, making life insurance as important as private health insurance, writes Michael Pillemer....

Financial planning

Advice firm in pilot partnership to boost risk advice

Risk Hub has partnered with Loyalty Financial Group on a pilot project to address the unmet advice needs in life insurance. ...

Financial planning

Lack of insurance advice leaving behind underinsured consumers

Less than half of advisers wrote a life insurance policy in the first half of the year, according to Adviser Ratings, while Deloitte has identified a group of underinsure...

Life/Risk

Integrity Life scraps new life insurance in retail advised channel

The firm has announced it will no longer be writing new life insurance policies in the retail advised and corporate group insurance channels, citing a declining market an...

Policy & Regulation

ASIC writes to insurance bodies on TMD review

The regulator has reached out to the Insurance Council of Australia, Council of Australian Life Insurers and Financial Services Council about its review of over 100 TMDs ...

Financial planning

Higher bar for life insurers in new financial year

The Financial Services Council and Council of Australian Life Insurers have welcomed the new Life Insurance Code of Practice, coming into effect 1 July 2023, that will de...

People & Products

CALI appoints 2 to board

Two new board members have been appointed to join the Council of Australian Life Insurers....

Financial planning

Are life insurance advisers at risk of extinction?

Less than 1 per cent of total advisers are ‘pure risk’ advisers as commission changes and premium increases drive them out of the profession or into new advice careers, s...

People & Products

Distribution head returns to MLC

Former MLC head of distribution, Rob Dassie, has returned to the firm in the financial advice arm of its life insurance business. ...