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INSURANCE
Life/Risk
Suicide and total and permanent disablement (TPD) claims have totalled almost $350 million over a five year period between 2007 and 2011. ...
Financial planning
DEXX&R releases updated Superannuation Risk Insurance Premium Calculator....
Superannuation
Almost half the population do not have a proper understanding of insurance within their super, especially generation Y (under 32)....
Life/Risk
IOOF has partnered with three retail insurers in a bid to broaden the choice offered through its Pursuit channel. ...
Life/Risk
The insurance industry has been allowed to “morph” itself into a financial advice profession blind-sided by hidden agendas, according to accounting firm, Chan and Naylor....
Financial planning
Australian customers have little loyalty to their bank, with most splitting their investments and products across four or more financial institutions, a survey shows. ...
Life/Risk
Changes to SIS-related lump sum and disability income products inside superannuation will set more stringent requirements for pay-outs, DEXX&R reports...
Life/Risk
TAL chief executive, Jim Minto, wants a time-limit imposed on late claims amid concerns that insurers are assessing claims which occurred decades ago....
People & Products
Software and processing solutions firm SunGard Australia has appointed Grant Ives for its newly created role of director insurance solutions....
Life/Risk
Clients who forget to disclose even minor details of their medical past face having their insurance cover cancelled under new laws, a lawyer warns....
Life/Risk
The WFI and Lumley Insurance brands will formally shift to the Insurance Australia Group (IAG) after the latter received regulatory approval for the purchase of those bus...
Life/Risk
If life insurance policies fail to meet the client’s – and adviser’s – expectations, certain questions must be answered, Col Fullagar writes. ...
Superannuation
In the rush to put money in superannuation, other investment vehicles with concessionary tax benefits have been overlooked. Income bonds have become one of the forgotten ...
Life/Risk
AMP chief executive Craig Meller has told shareholders the company is re-engineering its insurance business, believing recent customer behaviour may be here to stay....
Life/Risk
Businesses that sell general or life insurance, or offer credit as an ‘add-on’ insurance offering, should be on guard as they come under ASIC scrutiny, a law firm warns....
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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...