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LIFE/RISK
INDUSTRY NEWS
The Association of Financial Advisers has claimed vindication following the Government's announcement of key changes to the underlying LIF regulations, including reducing...
INDUSTRY NEWS
MLC Life Insurance, in partnership with National Australia Bank, has expanded the distribution of its life insurance product to 760 branches across Australia. ...
INDUSTRY NEWS
APRA is considering whether the whistleblowing provisions of the Life Insurance Act were adhered to in the CommInsure claims handling controversy....
INDUSTRY NEWS
Major group insurer, TAL, has confirmed the payment of ‘profit share rebates’ to superannuation funds in the expectation they will be used for the benefit of members....
INDUSTRY NEWS
Life insurers who decline up to 37 per cent of TPD claims should have been named by ASIC, according to Maurice Blackburn Lawyers....
INDUSTRY NEWS
The Government should ban sales commissions on life insurance to better protect consumers, Industry Super Australia said....
INDUSTRY NEWS
It is vital to have a better understanding of the underlying drivers behind the variations in the claims handling process of insurance, AIST believes....
INDUSTRY NEWS
Under investigation by ASIC, CommInsure has paid claims totalling $2.5 million after updating its definitions....
INDUSTRY NEWS
ASIC has delivered life insurers are relatively clean bill of health on claims handling but with significant caveats, particularly around TPD....
INDUSTRY NEWS
The Life Insurance Code of Practice falls short of reasonable community expectations about how insurers should behave, an insurance lawyer believes....
INDUSTRY NEWS
FSC releases life insurance Code of Conduct while defining relationship between insurers and advisers as separate and different....
INDUSTRY NEWS
Changes to remuneration structures in life insurance sit alongside higher educational and professional standards in restoring consumer confidence, according to Kelly O'Dw...
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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...