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LIFE/RISK
INDUSTRY NEWS
The insurance industry has been allowed to “morph” itself into a financial advice profession blind-sided by hidden agendas, according to accounting firm, Chan and Naylor....
INDUSTRY NEWS
Advisers’ culture-driven reluctance to sell is contributing to the dearth of the life insurance industry as we know it, according to Synchron’s Don Trapnell. ...
INDUSTRY NEWS
Suncorp Life chief executive, Geoff Summerhayes wants Treasury to get life/risk legacy product rationalisation back on agenda....
INDUSTRY NEWS
ANZ has used its second submission to the FSI to back the imposition of time limits on life insurance claims similar to those applying to general insurance....
INDUSTRY NEWS
Life insurers should have the same powers as general insurers when it comes to dealing out benefits like riders, according to TAL. ...
INDUSTRY NEWS
Insurer, Tower Limited, has confirmed the sale of its residual life business in a statement to the ASX....
INDUSTRY NEWS
ASIC’s upcoming report on risk insurance churn is likely to lead to further debate on removing commissions but would overlook the related costs of advice according to Syn...
INDUSTRY NEWS
The disability insurance dilemma has been wrongly excluded from a series of financial services inquiries, placing the onus on industry to work together to resolve the raf...
INDUSTRY NEWS
Both APRA and ASIC express concerns at failure to learn lessons in life/risk sector....
INDUSTRY NEWS
Changes to SIS-related lump sum and disability income products inside superannuation will set more stringent requirements for pay-outs, DEXX&R reports...
INDUSTRY NEWS
An alarmingly low proportion of Australians say they would use a pay increase to take out financial protection, a survey shows. ...
INDUSTRY NEWS
TAL chief executive, Jim Minto, wants a time-limit imposed on late claims amid concerns that insurers are assessing claims which occurred decades ago....
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