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LIFE/RISK
INDUSTRY NEWS
Clearview’s targeting of particular demographics for its life/risk products has come under fire on the first day of the Royal insurance hearings, in regard to the insurer...
INDUSTRY NEWS
The Royal Commission has been told that Australia’s 10 major life insurers have paid advisers around $6 billion in commissions over the past five years....
INDUSTRY NEWS
AMP Limited has admitted to the existence of life/risk churn in its submissions to the Royal Commission into Misconduct in the Banking, Superannuation and Financial Servi...
INDUSTRY NEWS
The practices which led to ClearView ending its direct life sales and undertaking a $1.5 million remediation process will kick off today’s sixth round of hearings of the ...
INDUSTRY NEWS
The Australian Securities and Investments Commission has placed insurers and superannuation funds on notice to lift their game in the wake of a report which has found the...
INDUSTRY NEWS
TAL’s agreement with Suncorp to acquire the latter’s Australian life insurance business is binding as of today, subject to regulatory approvals in Australia and Japan and...
INDUSTRY NEWS
The Financial Services Council has welcomed a regulator’s positive review on the role of the FSC Life Insurance Code of Practice in the sale of direct life insurance, whi...
INDUSTRY NEWS
An Australian Securities and Investments Commission report has pointed to significant ongoing problems with direct life sales including poor practices and product design....
INDUSTRY NEWS
TAL, CommInsure, AMP and ClearView have been named to front the next round of hearings of the Royal Commission into Misconduct in the Banking, Superannuation and Financia...
INDUSTRY NEWS
MLC Life has drawn recruits from a range of competitors to help building its group insurance business....
INDUSTRY NEWS
Facing heavier regulatory scrutiny, new research has suggested that Australia’s major life insurers will likely look to greater use of technology....
INDUSTRY NEWS
Colonial First State retained CommInsure as its group insurer despite it performing poorly against a number of industry benchmarks but that may change following the sale ...
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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...