LIFE/RISK

INDUSTRY NEWS

Life insurers in search of new business need to curb irrational practices and income protection benefit periods should be shortened to reduce premium increases, according...

INDUSTRY NEWS

The industry needs to work together to move clients in closed income protection insurance products to more sustainable products and to manage the inforce book, according ...

INDUSTRY NEWS

Despite specialist risk advisers unable to currently grow their businesses, the need for life insurance is emphatic and new advice models will help their future, accordin...

INDUSTRY NEWS

Colonial First State will reduce insurance premiums on its FirstChoice Employer Super, Essential Super, FirstChoice Personal and FirstChoice Wholesale Personal products d...

INDUSTRY NEWS

While investment market performance boosted the industry’s financial performance to $1 billion in FY21, individual disability income insurance continued to report losses....

INDUSTRY NEWS

Risk specialist advisers will have a tough time growing new business as the life insurance market continues to shrink and the cost of advice continues to rise....

INDUSTRY NEWS

Only half of Australian institutional investors say engaging on environmental issues such as climate change or the use of fossil fuels are the most important stewardship ...

INDUSTRY NEWS

The prudential regulator is collecting more granular data on insurance premiums given the deteriorating experience in individual disability income insurance. ...

INDUSTRY NEWS

New business premiums for individual disability income insurance will drop 15% due to the prudential regulator’s product intervention measures, according to DEXX&R projec...

INDUSTRY NEWS

The Financial Services Council has released the second draft of the life insurance code of practice for public consultation. ...

INDUSTRY NEWS

The sale of Westpac Life Insurance Services sees the bank’s exit manufacturing life insurance products and would release capital back to the bank. ...

INDUSTRY NEWS

The life insurer’s board has assessed that it will “not be appropriate” to repay JobKeeper funds after its 2020 calendar year net profit declined $4.6 million from the pr...

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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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