Insurance & Property Investment News Australia

Contest of wills over Investa Office Fund

12 September

Life/Risk

Insurer hit with 72 attempted cancellations daily

Freedom received 72 cancellation calls a day from customers for its funeral insurance policy over a 13-month

The Institute of Public Accountants has called on the federal government to extend the write-off initiative for 2017-2018.

12 September

Life/Risk

Insurers feel pressure ahead of new accounting standards

Australian insurers are behind their international counterparts in readiness for new major new accounting

An application made by a former AMP planner to restrain ASIC from making a banning decision has been dismissed by the Federal Court.

11 September

Life/Risk

Freedom lambasted at RC for “inappropriate, highly aggressive” sales practices

Freedom chief operating officer Craig Orton has admitted to the Royal Commission that aggressive insurance sales

11 September

Life/Risk

Freedom ends sales practice right before RC appearance

Freedom ended dubious sales practices for four insurance products just days before appearing before the Royal

11 September

Life/Risk

RC hears from victim of dubious sales call

With insurance sales practices proving a focus of the Royal Commission’s current hearings, the Commission has

Royal Commission 'lawyers' funding fest'

11 September

Life/Risk

RC hears of ClearView’s ‘random incentive days’

The Royal Commission has heard of the issues which gave rise to ClearView closing its Direct business including ‘

Accountants licensing not fit for purpose

11 September

Life/Risk

RC points to flaws in insurance rules

The Royal Commission has pointed to flaws and inconsistencies in the regulatory environment around life insurance

10 September

Life/Risk

Direct sales agents had access to $8,000 commissions

ClearView has confirmed that its direct life sales agents had access to commissions of up to $8,000 if they

10 September

Life/Risk

Clearview details breaches of anti-hawking law

In a hearing littered by admissions of wrongdoing by Clearview, the Royal Commission has heard the insurer’s chief

10 September

Life/Risk

“Downgrading” life/risk products under fire at RC

The practice of offering “downgraded” life insurance products has come under the spotlight at the Royal Commission

10 September

Life/Risk

Targeting of “poorer people” by Clearview questioned by Commission

Clearview’s targeting of particular demographics for its life/risk products has come under fire on the first day

10 September

Life/Risk

$6 billion paid in life/risk commission in five years

The Royal Commission has been told that Australia’s 10 major life insurers have paid advisers around $6 billion in

Say it ain't so

Very interesting game being played here. Now that ASIC/Industry Funds have Advisers defeated,...

Industry funds flex investor muscle on bank bonuses12 hours 9 min ago

sdf

It is next to impossible to have "robust procedures" in place to effectively monitor...

ASIC holding licensees to account for planner actions13 hours 46 min ago

Ted Stryker

I would love to know the percentage breakdown between 'IFA's and 'Aligned'...

Planners account for 52% of unpaid EDR determinations14 hours 45 min ago

Life/Risk

Insurer hit with 72 attempted cancellations daily

Insurers feel pressure ahead of new accounting standards

Freedom lambasted at RC for “inappropriate, highly aggressive” sales practices

Freedom ends sales practice right before RC appearance

RC hears from victim of dubious sales call

RC hears of ClearView’s ‘random incentive days’

RC points to flaws in insurance rules

Direct sales agents had access to $8,000 commissions

Clearview details breaches of anti-hawking law

“Downgrading” life/risk products under fire at RC

Targeting of “poorer people” by Clearview questioned by Commission

$6 billion paid in life/risk commission in five years

U.S. equity picture in 3 parts: Policy, economy and markets

U.S. Outlook: Aging economic expansion still flexing its muscles

Fast-track life with Alternative Terms

Riders on the storm: Fixed income investing for a rising rate world

3 key takeaways from the U.S. midterm elections

Say it ain't so

sdf

Ted Stryker

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Ted Stryker