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LIFE/RISK
INDUSTRY NEWS
Individuals spent an astonishing $29.5 billion on health-related expenses in 2015-16, according to Zurich, and helping clients better understand the risk of illness could...
INDUSTRY NEWS
Industry superannuation fund REST has filed a breach report with the Australian Securities and Investments Commission after admitting to failings during the Royal Commiss...
INDUSTRY NEWS
The Royal Commission has raised the issue of the enforceability of the life insurance code of practice, with the Financial Services Council facing tough questions on whet...
INDUSTRY NEWS
Financial Services Council chief executive, Sally Loane, has admitted to the Royal Commission that insurers effectively pay for their products to be sold by advisers....
INDUSTRY NEWS
Financial Services Council chief executive Sally Loane has told the Royal Commission that direct sales of life policies via outbound “cold calls” is viewed as unlawful by...
INDUSTRY NEWS
In an effort to better meet the needs of its members, specialist insurer PPS Mutual has updated definitions and expanded the range of benefits available in its Profession...
INDUSTRY NEWS
Suncorp chief executive, insurance, Gary Dransfield has admitted to the Royal Commission that it could have “communicated better” during the Victorian bushfires of 2015....
INDUSTRY NEWS
New data points to life insurers becoming increasingly reliant on advisers as the major banks exit life insurance products....
INDUSTRY NEWS
Allianz attempted to either change or kill two separate independent reports into its compliance procedures that were unfavourable to the insurer’s processes, the Royal Co...
INDUSTRY NEWS
The Royal Commission has heard that Allianz is checking past compliance issues to see if they should have been reported to a regulator, in addition to its approximately 1...
INDUSTRY NEWS
The Royal Commission today heard that AMP failed to refund members’ estates for fees charged on life insurance after AMP knew they had died....
INDUSTRY NEWS
AMP Limited charged a non-smoker $72,000 worth of premiums designed to be for smokers under a system that required non-smokers to submit a declaration identifying themsel...
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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...