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....

 

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Time to Go

I really can't see how getting rid of the safeguards with no other changes achieves anything at all. We're still the ea...

1 day 15 hours ago
Rob

Nowhere else in the world do innocent bystanders have to pay for the losses incurred to investors due to failed business...

1 day 18 hours ago
Time to Go

Yet everything states profitability is much higher in a larger practice. As a smaller planning practice it is a hard sl...

3 days 11 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

10 months 1 week ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 4 weeks ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

10 months 1 week ago