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LIFE/RISK
INDUSTRY NEWS
The Australian Securities and Investments Commission has secured $102 million for customers who could have been mis-sold policies by Freedom Insurance....
INDUSTRY NEWS
The Quality of Advice Review should make affordable advice a priority or risk advice being accessible only by wealthy Australians, according to MLC Life....
INDUSTRY NEWS
Westpac has completed the sale of Westpac Life Insurance Services Limited to TAL but expected to report a total after tax loss on sale of $1.37 billion....
INDUSTRY NEWS
New business for disability income insurance has grown 2.5% after reaching a 10-year low last year while the attrition rate has grown for the first time in nine years....
INDUSTRY NEWS
The Australian life insurance industry has announced the formation of a dedicated life insurance industry peak body that will launch later this year....
INDUSTRY NEWS
The Financial Services Council has issued a new Life Insurance Code of Practice for life insurers, introducing 50 additional consumer protections....
INDUSTRY NEWS
Commission should continue to be offered on insurance advice, according to The Advisers Association, and current commission rates are too low which was causing advisers t...
INDUSTRY NEWS
Further changes to life insurance commission caps could see up to 87% of financial advisers stop providing standalone risk insurance advice, according to ClearView resear...
INDUSTRY NEWS
The Financial Services Council has urged Australians who have lost their life insurance policies due to recent flooding to utilise the FSC’s services to help them find ou...
INDUSTRY NEWS
Claims to the Insurance Council of Australia have reached almost 31,000 in a single day in relation to the flood emergency in Queensland and New South Wales....
INDUSTRY NEWS
COVID-19 lockdowns and disruptions in advice distribution channels have led to the continued decrease of new business in the risk market, according to DEXX&R....
INDUSTRY NEWS
The enforceable standard will remove 87% of all occupational exclusions and occupation based restrictive disability definitions that currently exist in the industry by 1 ...
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...