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Policy & Regulation
Unsolicited cold call sales of direct life insurance and consumer credit insurance are to be banned by the Australian Securities and Investments Commission....
Life/Risk
The Australian Prudential Regulation Authority has intervened in the disability income insurance market imposing capital requirements on insurers....
Financial planning
Colonial Mutual Life Assurance Society, trading as CommInsure, has been convicted of 87 counts of life insurance hawking after pleading guilty last week....
Life/Risk
Resolution Life, the company which is acquiring AMP Life, has gone to the market and raised US$3 billion ahead of closing the AMP deal early next year....
Life/Risk
TAL has announced the key changes around its two business lines: individual life and group life and investments....
Expert Analysis
Many Australians will have insurance as part of their superannuation, writes SuperFriend’s Sandy Macleod, but could the industry do more to support its clients?...
Expert Analysis
Senator Jane Hume may have spoken about changes to superannuation but, based on previous experience, writes Graeme Colley, it may be a while until they come to fruition....
Life/Risk
ASIC has found that 60% of ‘activities of daily living’ claims are declined and AMP, Asteron, and Westpac had decline rates higher than expected....
Financial planning
Advisers would do well to assume worst-case scenario outcomes when it comes to extending the Financial Adviser Standards and Ethics Authority deadlines, according to weal...
People & Products
The product, Five plus, would allow employers to manage their financial risk without the traditional high cost structures of insurers....
Policy & Regulation
The Federal Government is consulting on draft regulations and legislation to remove the Corporations Act exemption for funeral insurance policies....
Life/Risk
The Australian life insurance sector has never been more dominated by the big five life insurers but sales are decreasing, according to the latest data from Dexx&r....
Financial planning
New research has confirmed that clients are more aware of advice but are still struggling to understand the value it delivers....
Financial planning
Insurance firms should be prevented from pressuring people to buy products over the phone, according to the Financial Services Council. ...
Financial planning
The Financial Services Council has thrown its support behind extending Unfair Contract Terms regime to life insurance....
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...