LIFE/RISK

INDUSTRY NEWS

OnePath Life is remediating up to $35 million to over 40,000 customers who were sold life insurance policies over the phone between 2010 and 2016....

INDUSTRY NEWS

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

INDUSTRY NEWS

Only one-third of surveyed consumers believe an advised life insurance product is better quality than an unadvised product, according to MetLife....

INDUSTRY NEWS

The bank will sell its life insurance arm to Fidelity Life Assurance Company in its latest step to simplify the business....

INDUSTRY NEWS

As previously announced, Allianz will enter into an exclusive 20-year agreement for the distribution of general insurance products to Westpac’s customers....

INDUSTRY NEWS

Advice affordability is deteriorating and advice fees should be tax deductible, according to ClearView....

INDUSTRY NEWS

The proposed stapling of superannuation funds may leave some members ineligible to claim against their own policy after paying premiums if they are injured or ill while w...

INDUSTRY NEWS

While individual disability income insurance products recorded a loss of $0.3 billion over the year to end March, 2021, this was a $1.1 billion improvement on last year’s...

INDUSTRY NEWS

Life insurers are not yet out of the woods on disability income insurance and should remain under scrutiny by the Australian Prudential Regulation Authority, according to...

INDUSTRY NEWS

MLC Life Insurance has paid only two claims for customers with the COVID-19 virus as Australia manages to see low numbers of cases. ...

INDUSTRY NEWS

The life insurer supports the Government’s plan announced in the Budget to develop a streamlined mechanism to transfer life insurance customers from old legacy products t...

INDUSTRY NEWS

Despite rumours suggesting otherwise, the Financial Services Council says receiving the COVID-19 vaccine will not invalidate life insurance policies....

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

4 weeks ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 3 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

2 weeks 6 days ago