GROUP INSURANCE

Financial planning

Risk advisers need to explain why consumers can be worse off taking advised insurance when compared to those taking group insurance within superannuation, according to pl...

Superannuation

Superannuation funds operating within vertically-integrated structures will have to more definitely prove the value of the insurance cover they are offering to members....

People & Products

The product, Five plus, would allow employers to manage their financial risk without the traditional high cost structures of insurers....

Superannuation

The commencement date for switching off insurance inside super for low balance accounts should be deferred to 1 October, this year, according to a leading superannuation ...

Life/Risk

Super funds could face legal problems once group insurance for inactive accounts is switched off on 1 July, as members who were unaware they were losing their cover may s...

Life/Risk

Australians are at risk of losing their life insurance cover when superannuation changes come into effect in July, as AIA Australia, Commonwealth Superannuation Corporati...

Superannuation

TAL has reasserted its market dominance within the group insurance sector, with LGIAsuper announcing the company would take over its insurance mandate just weeks after Re...

Superannuation

The standardisation of group insurance terms and conditions could help achieve some of the Banking Royal Commission’s recommendations, a leading insurance law firm has sa...

Features

Major banks and AMP Limited have exited life insurance, significant consolidation has occurred and the Royal Commission has delivered a verdict but, as Mike Taylor writes...

Tools & guides

Suzie Brown outlines some of the key considerations for financial advisers when making life insurance recommendations and provides an overview of the upcoming legislative...

Awards

In the fifteenth year of the Money Management/DEXX&R Adviser Choice Risk Awards, MLC Life has maintained its top place on the podium as the Risk Company of the Year for 2...

Life/Risk

Shifting community standards and expectations are driving eight new trends in life insurance which may cost policyholders over $1 billion, according to a new report....

Life/Risk

The Federal Government has been urged to drop the minimum age for automatic insurance cover inside superannuation to 21, rather than age 25....

Policy & Regulation

Life insurance companies are now under a legal obligation to provide consistent data on claims and disputes to the Australian Prudential Regulation Authority and the Aust...

Superannuation

The SMSF Association has confirmed just how common it is for self-managed superannuation fund trustees to maintain low balances in Australian Prudential Regulation Author...

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 14 hours ago