Insurance & Property Investment News Australia

Industry news

CBA divests equity interest in BoCommLife

Commonwealth Bank has announced its divestment of 37.5% equity interest in BoCommLife to MS&AD Insurance Group

9 December

Digital advice provider, Ignition Wealth has partnered with BT Panorama to provide its digital advice solution to advisers and accountants on the platform.

Industry news

Kelly and Partners and Austbrokers enter partnership

The partnership will deliver a mix of insurance broking, account and tax services to members of either firm.

3 December

Industry Super Australia has claimed the Australian Bankers Association-sponsored Sedgwick Review has failed to address the key issue of banks cross-selling superannuation products.

Industry news

Westpac sells general insurance business to Allianz for $725m

Westpac has announced it will sell its General Insurance and General Insurance Services to Allianz for $725

2 December

Money Management Original

As ASIC begins its LIF review an adviser report tells its own story

As the Australian Securities and Investments Commission kicks off its review of the Life Insurance Framework a new

2 December

Money Management Original

Hannover Life Re to exit direct group market

In yet another sign of the challenging times confronting the life insurance industry in Australia, Hannover Life

1 December

AFSLs have been warned against drafting unfair contract terms as they risk it becoming void if a court rules it unfair, The Fold Legal said.

Industry news

Advisers and lawyers impacted by new claims handling licensing

The Australian Securities and Investments Commission has released a new draft document outlining how financial

27 November

Money Management Original

BT Life to switch-off of pre-2013 SuperWrap life commissions

Life advisers may have thought commissions attaching to BT Life policies sold before 2013 were safely

26 November

Industry news

PC recommends increased life insurance funding for mental health

Placing consumers and their treating doctors at the centre of the decision-making process will improve outcomes

18 November

Money Management Original

APRA corrects ALP on benefits of group over advised TPD

A Federal Opposition frontbencher has been warned against misinterpreting Australian Prudential Regulation

17 November

Money Management Original

Life Code Committee to get increased sanctions power

The Life Code Compliance Committee is to be given the power to impose sanctions on life insurers if they fail to

9 November

Industry news

ASIC confirms LIF review approach

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

22 October

MLC Life Insurance chief executive, David Hackett has admitted the company’s income protection book moved into loss recognition in 2015, prompting significant premium increases.

Money Management Original

There is a future for level premiums: panel

Fixed term level premiums will give more certainty for clients and will become the norm in the future but there

15 October

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"Compare the pair" is about as in your face for competing Retail funds as it gets....

ASIC moves against REST on false and misleading charges 49 min 36 sec ago

Same Sh*t Same Smell

You can bet 100% plus that new clients are not told about the potential insurance loss from...

ASIC moves against REST on false and misleading charges 51 min 44 sec ago

Same Sh*t Same Smell

I can appreciate the "delayed contribution" issue, but there's nothing to stop...

ASIC moves against REST on false and misleading charges 53 min 33 sec ago

Life/Risk

CBA divests equity interest in BoCommLife

Kelly and Partners and Austbrokers enter partnership

Westpac sells general insurance business to Allianz for $725m

As ASIC begins its LIF review an adviser report tells its own story

Hannover Life Re to exit direct group market

Advisers and lawyers impacted by new claims handling licensing

BT Life to switch-off of pre-2013 SuperWrap life commissions

PC recommends increased life insurance funding for mental health

APRA corrects ALP on benefits of group over advised TPD

Life Code Committee to get increased sanctions power

ASIC confirms LIF review approach

There is a future for level premiums: panel

ken

Same Sh*t Same Smell

Same Sh*t Same Smell

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ken

Same Sh*t Same Smell

Same Sh*t Same Smell