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LIFE/RISK
INDUSTRY NEWS
AIA and the Commonwealth Bank have translated the CommInsure acquisition into a 25-year distribution arrangement....
INDUSTRY NEWS
Newly-merged MBS Insurance and Complete Risk Analysis see potential for growth in the life/risk space despite the challenges....
INDUSTRY NEWS
Using life insurance APLs at institutionally-aligned advice licensees has the potential to breach best interests duty and most continue to funnel new clients into in-hous...
INDUSTRY NEWS
ASIC has found that 60% of ‘activities of daily living’ claims are declined and AMP, Asteron, and Westpac had decline rates higher than expected....
INDUSTRY NEWS
ANZIIF and LIPSWG have agreed to create a professional standards framework for the life insurance industry in a bid to lift confidence and create a significantly better e...
INDUSTRY NEWS
CommInsure has been charged by the Australian Securities and Investments Commission for offering to sell life insurance products via non-compliant unsolicited phone calls...
INDUSTRY NEWS
The Financial Services Council has released ground-breaking new data revealing the impact of mental health on TPD claims....
INDUSTRY NEWS
Risk-focused financial planning group, Synchron has confirmed the turnover of around 20% of its advisers in the face of the new Financial Adviser Standards and Ethics Aut...
INDUSTRY NEWS
The Australian life insurance sector has never been more dominated by the big five life insurers but sales are decreasing, according to the latest data from Dexx&r....
INDUSTRY NEWS
A new survey has revealed that consumers are cooling on the purchase of life/risk insurance with the number of advisers actually involved also declining....
INDUSTRY NEWS
The latest Australian Prudential Regulation Authority life insurance data has revealed a negative picture of profitability being badly undermined by disability products....
INDUSTRY NEWS
The Commonwealth Bank has reset key elements of the transaction around the sale of CommInsure to AIA Australia, including a $150 million reduction in the sale price....
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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...