LIFE/RISK

INDUSTRY NEWS

Risk advisers need some relief from the harshness of clawback arrangements as life/risk clients move to cut their costs, according to the Association of Financial Adviser...

INDUSTRY NEWS

When entering into a binder agreement both the insurance agents or brokers, and the insurer need to ensure the other party has the appropriate Australian financial servic...

INDUSTRY NEWS

Barely a week after completing the acquisition of AMP Life, Resolution Life Australia appears to be scouting other in-force acquisitions....

INDUSTRY NEWS

Stamp duty on life insurance is one of the most inefficient taxes in the economy and cost Australians $644 million in 2018/19, according to the Financial Services Council...

INDUSTRY NEWS

AMP Limited has sold AMP Life for $3 billion but will retain a 20% holding in Resolution Life Australia....

INDUSTRY NEWS

The life insurance industry’s own Life Code Compliance Committee has slammed the insurers for being so inconsistent that the committee has been unable to deliver meaningf...

INDUSTRY NEWS

AMP has cleared all the regulatory hurdles to complete the sale of AMP Life to Resolution Life on 30 June....

INDUSTRY NEWS

New data analysed by KPMG has confirmed insurers have paid out double the number of disability claims for policies sold through financial advisers....

INDUSTRY NEWS

Slater and Gordon have filed a class action against the bank for selling customers “worthless” insurance....

INDUSTRY NEWS

Life/risk advisers have been caught in a bind as they find themselves at risk of clawbacks as they seek to help clients deal with financial hardship by winding back premi...

INDUSTRY NEWS

Those members of AustralianSuper who empty out their superannuation accounts via the Government’s hardship early release scheme will continue to have life cover worth $10...

INDUSTRY NEWS

Individual disability income insurance as the worst hit risk product at a loss of $1.4 billion over the year to March 2020, according to data. ...

 

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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