LIFE INSURANCE

People & Products

Former MLC head of distribution, Rob Dassie, has returned to the firm in the financial advice arm of its life insurance business. ...

People & Products

The listed financial services company has released numerous enhancements to its ClearChoice life insurance product range. ...

Life/Risk

The Financial Services Council has commenced operation of an enforceable standard for handling group life insurance claims in superannuation....

People & Products

Financial advice data and ratings agency, Adviser Ratings, has acquired wealth data analytics firm Beddoes Institute....

Policy & Regulation

ASIC has commenced Federal Court proceedings against OnePath Life for allegedly failing to act with utmost good faith during claims handling, the first time it has sought...

People & Products

MLC Life Insurance has appointed Catherine Dubé as an independent non-executive director and as chair of the board audit committee....

Financial planning

The Financial Planning Association of Australia has rejected proposals to ban commissions as it believes it could leave consumers chronically underinsured and dependant o...

Financial planning

The FPA is recommending another review of life insurance commission as the current proposal “leaves more questions than answers” and presents concerns about the accessibi...

Life/Risk

AFA chief executive, Phil Anderson, has clarified Quality of Advice Review proposals regarding obtaining client consent for life insurance commission following a meeting ...

Life/Risk

The Quality of Advice Review has stated there are benefits of retaining commission for life insurance but admits it could result in a real risk of lower-quality advice fo...

People & Products

MLC Life Insurance has upgraded its MLC Insurance product range to allow a greater portion of earnings to be insured....

Life/Risk

The Financial Services Council has announced further consumer protections for the Life Insurance Code of Practice. ...

Life/Risk

Less than 10% of life insurance advice is placed without commission, according to the Financial Services Council, and thousands more of Australians would be able to obtai...

People & Products

The Council of Australian Life Insurers, the group of insurers who split off from the Financial Services Council to form its own organisation, has appointed a chief execu...

Life/Risk

The Australian Securities and Investments Commission (ASIC) has raised more concerns over life insurance claims handling by some insurers....

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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 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. ...

4 weeks 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 4 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 ago