Insurance & Property Investment News Australia

Industry news

CFS reduces insurance premiums

Colonial First State will reduce insurance premiums on its FirstChoice Employer Super, Essential Super,

15 September

Industry news

Life insurance performance improves

While investment market performance boosted the industry’s financial performance to $1 billion in FY21, individual

27 August

The FSC has released a draft standard paper for consultation, which proposes that life insurance APLs must have compulsory provider and product choice.

Money Management Original

Tough times for growing new risk business

Risk specialist advisers will have a tough time growing new business as the life insurance market continues to

23 August

Industry news

Only half of institutional investors prioritise climate change

Only half of Australian institutional investors say engaging on environmental issues such as climate change or the

23 August

Three of the four major banks are backing the imposition of an annual public reporting regime of the wealth management industry overseen by ASIC.

Money Management Original

APRA looks to identify poor insurance pricing practices

The prudential regulator is collecting more granular data on insurance premiums given the deteriorating experience

20 August

The gender gap in superannuation is narrowing very slowly and needs more definitive action, Roy Morgan believes.

Industry news

Insurance premiums to increase at slower rate

New business premiums for individual disability income insurance will drop 15% due to the prudential regulator’s

19 August

Demand for risk clients remained high from financial planners despite LIF, and most of the demand was for book sizes of $150,000 to $500,000.

Industry news

Life insurance code released for consultation: FSC

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

18 August

Industry news

Westpac sells life insurance business to TAL

The sale of Westpac Life Insurance Services sees the bank’s exit manufacturing life insurance products and would

9 August

Money Management Original

ClearView decides not to repay JobKeeper

The life insurer’s board has assessed that it will “not be appropriate” to repay JobKeeper funds after its 2020

4 August

Industry news

OnePath Life to remediate $35m to customers

OnePath Life is remediating up to $35 million to over 40,000 customers who were sold life insurance policies over

12 July

MetLife Australia has announced a campaign to raise awareness around group insurance within super as many Australians remained unaware they had it.

Industry news

Insurance inside super exempt from Govt deferred sales model

Life insurance and group insurance inside superannuation will be exempt from the Government’s deferred sales model.

9 July

Money Management Original

Ongoing need to educate clients on value of advice

Only one-third of surveyed consumers believe an advised life insurance product is better quality than an unadvised

7 July

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Market Insights

Billybob

Yet to meet a good financial link adviser

ASIC bans Melbourne-based adviser for three years1 day 9 hours ago

New Entrant

Kaplan is the Red Rooster of education providers. The quality of their units is far below those...

Kaplan offers second Women in Finance scholarships1 day 11 hours ago

Same Sh*t Same Smell

Good idea Vanguard... bring in more useless categories to reduce professionalism and confuse the...

Is excessive regulation stemming advice innovation?1 day 12 hours ago

Life/Risk

CFS reduces insurance premiums

Life insurance performance improves

Tough times for growing new risk business

Only half of institutional investors prioritise climate change

APRA looks to identify poor insurance pricing practices

Insurance premiums to increase at slower rate

Life insurance code released for consultation: FSC

Westpac sells life insurance business to TAL

ClearView decides not to repay JobKeeper

OnePath Life to remediate $35m to customers

Insurance inside super exempt from Govt deferred sales model

Ongoing need to educate clients on value of advice

Billybob

New Entrant

Same Sh*t Same Smell

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Billybob

New Entrant

Same Sh*t Same Smell