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INSURANCE
Life/Risk
The Australian Securities and Investments Commission has raised the possibility that some of the direct sales models being used by life insurance companies could breach t...
Policy & Regulation
Plaintiff law firm Maurice Blackburn has warned that there can be watering down of the code of conduct applying to insurance inside super and that it must be binding and...
Life/Risk
The life insurance industry will be required to use uniform definitions following work by APRA and ASIC which found meaningful comparisons could not be made under current...
Superannuation
A roundtable exercise involving Industry Super Australia and the Council of the Ageing has identified a role for industry funds in the aged care arena....
GAM Systematic Alternative Risk Premia offering has won a new mandate from CommInsure which plans to invest $300 million in its diversified risk premia portfolio....
Features
Mike Taylor writes that with the sale of CommInsure, the pending sale of the ANZ life insurance business and the looming full implementation of the Life Insurance Framewo...
Superannuation
Industry Super Australia has accused the big banks and retail super funds of deliberately confusing consumers by offering them too many super choices....
Life/Risk
Even a small rise in the number of genetic tests could lead to significant increases in life insurance claims costs, according to the Actuaries Institute. ...
Life/Risk
A life insurance policy lapse is not the issue but rather if the advice given was poor, according to a panel....
Life/Risk
Risk advisers need to articulate the value of their advice to clients in light of LIF reforms as they look to charge clients fees for risk advice....
Life/Risk
Insurance product manufacturers need to enhance their offerings to ensure seamless transition from group or direct insurance into advised retail products. ...
Financial planning
Westpac chief executive, Brian Hartzer has confirmed the company’s financial advisers are encouraged to sell BT Life products and he makes no apologies for the shape of t...
Financial planning
MetLife has poached AMP’s Matt Lippiatt to help lead its push into retail life via the newly-created position of head of retail sales....
Property
The Australian Securities and Investment Commission has concluded the first stage of its targeted review of interest-only home loans. ...
Financial planning
The Australian Bankers’ Association has warned that extending the BEAR to cover bank-owned wealth and insurance businesses risks making them uncompetitive....
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Podcast
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...