INSURANCE

Financial planning

Private health funds should dump their upcoming October price rises, due to sustained “mega profits” in the industry, Choice says....

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Life/Risk

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...

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People & Products

Gary Dransfield, chief executive, insurance (Australia) is to leave Suncorp, as the firm undergoes a leadership restructure. ...

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Life/Risk

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...

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Life/Risk

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

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Financial planning

A major dealer group chair has pointed to advisers rather than licensees becoming responsible for professional indemnity cover....

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Life/Risk

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

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Life/Risk

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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Life/Risk

The efforts of many clients and their life/risk advisers to write Agreed Value income protection cover before the 1 April deadline were stymied by the job COVID-19 job lo...

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Life/Risk

Private equity firm, TA Associates has signed a strategic growth investment in commercial insurance broker, Honan Insurance Group....

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Life/Risk

Consumers of all ages are adopting a “millennial mindset” and established insurers must digitise and draw upon partners to retain market share from bigtech entrants. ...

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Life/Risk

Data needs to be collected on the fees paid to lawyers on group life insurance claims, according to the Association of Financial Advisers....

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Life/Risk

New research has revealed that many Australians would ditch their life insurance cover while maintaining house and car insurance if faced with financial distress....

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Superannuation

The risk for people seeking early access to their superannuation is that they will drive their balances so low that they lose their insurance access....

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Policy & Regulation

Faced with the uncertainties of COVID-19 the Australian Prudential Regulation Authority has suspended new licensing for banks, insurers and superannuation funds....

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MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 1 week ago

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

4 months 2 weeks ago

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

6 months 2 weeks ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

1 week 2 days ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

2 days 23 hours ago

ASIC has issued a warning to financial advisers to ensure they are complying with client consent requirements when entering into ongoing fee arrangements....

1 week 1 day ago