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LIFE/RISK
INDUSTRY NEWS
Risk advisers need some relief from the harshness of clawback arrangements as life/risk clients move to cut their costs, according to the Association of Financial Adviser...
INDUSTRY NEWS
When entering into a binder agreement both the insurance agents or brokers, and the insurer need to ensure the other party has the appropriate Australian financial servic...
INDUSTRY NEWS
Barely a week after completing the acquisition of AMP Life, Resolution Life Australia appears to be scouting other in-force acquisitions....
INDUSTRY NEWS
Stamp duty on life insurance is one of the most inefficient taxes in the economy and cost Australians $644 million in 2018/19, according to the Financial Services Council...
INDUSTRY NEWS
AMP Limited has sold AMP Life for $3 billion but will retain a 20% holding in Resolution Life Australia....
INDUSTRY NEWS
The life insurance industry’s own Life Code Compliance Committee has slammed the insurers for being so inconsistent that the committee has been unable to deliver meaningf...
INDUSTRY NEWS
AMP has cleared all the regulatory hurdles to complete the sale of AMP Life to Resolution Life on 30 June....
INDUSTRY NEWS
New data analysed by KPMG has confirmed insurers have paid out double the number of disability claims for policies sold through financial advisers....
INDUSTRY NEWS
Slater and Gordon have filed a class action against the bank for selling customers “worthless” insurance....
INDUSTRY NEWS
Life/risk advisers have been caught in a bind as they find themselves at risk of clawbacks as they seek to help clients deal with financial hardship by winding back premi...
INDUSTRY NEWS
Those members of AustralianSuper who empty out their superannuation accounts via the Government’s hardship early release scheme will continue to have life cover worth $10...
INDUSTRY NEWS
Individual disability income insurance as the worst hit risk product at a loss of $1.4 billion over the year to March 2020, according to data. ...
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