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LIFE/RISK
INDUSTRY NEWS
Consumers will have the choice between sticking with increasingly expensive features-rich income protection products or moving to more affordable products to be launched ...
INDUSTRY NEWS
From 1 October life insurance companies will be subject to upfront capital penalties until the Australian Prudential Regulation Authority is assured they have taken adequ...
INDUSTRY NEWS
A new Actuaries Institute Taskforce report has laid bare the fragility of the disability insurance market and has recommended changes to product ratings, a best interests...
INDUSTRY NEWS
MLC Life acknowledges less than acceptable service experience as it creates specific life division to be led by Sean McCormack....
INDUSTRY NEWS
The Australian Securities and Investments Commission has kicked off the first phase of its review of the Life Insurance Framework with the issuing of Section 33 notices t...
INDUSTRY NEWS
A workplace communications issue has seen the abrupt departure of QBE chief executive, Pat Regan. ...
INDUSTRY NEWS
Consumers experiencing life insurance premium rises need to understand the factors driving them, according to the Financial Services Council. ...
INDUSTRY NEWS
Some members would see an increase in premiums with an average increase of 30% while others would have significant reductions....
INDUSTRY NEWS
An under pressure OnePath has stepped up its efforts to cut its losses on income protection insurance by announcing a 25% increase in premiums for existing customers as w...
INDUSTRY NEWS
It has welcomed the finding from the draft report of the NSW review of Federal Financial Relations to abolish insurance duties. ...
INDUSTRY NEWS
Big insurer, MLC Life has admitted to advisers that it is up to six weeks behind on some key service deliverables as it seeks to deal with IT issues and Melbourne’s COVID...
INDUSTRY NEWS
New research has confirmed what most life/risk advisers already knew – that front-loading discounts on life/risk products to buy market share ultimately works against the...
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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...