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LIFE INSURANCE
Financial planning
Advisers who do not ask about a client’s mental and physical health are doing them a disservice, Leading Advice believes....
Financial planning
ASIC has released its Cost Recovery Implementation Statement outlining its estimated regulatory costs in 2017/18 as part of the industry funding model. ...
Life/Risk
AIA now has 25 per cent of the life insurance market share with an in-force risk annual premium of $3.9 billion thanks to its acquisition of CommInsure, according to DEX...
Life/Risk
The ISWG’s draft Life Insurance in Superannuation Code of Practice requires any opt out or cessation arrangements to be straightforward and transparent. ...
Financial planning
The Australian Securities and Investments Commission has pointed to an insurance comparison web site which is owned by an insurer and actually sells that insurer’s prod...
Policy & Regulation
Advisers and insurers will get to have their say on whether the regulator is right about life/risk at this year’s Money Management Risk Breakfast....
Financial planning
The Australian Securities and Investments Commission has told a Parliamentary committee it has seen little improvement in the delivery of non-compliant life insurance adv...
Policy & Regulation
The Australian Prudential Regulation Authority has listed profitability challenges in the life insurance industry high on its list of priorities over the next four years....
Life/Risk
TAL has created the role of head of mental health to help prevention and return of health of customers suffering from mental health illnesses....
Features
Technology may be vital for increasing efficiency and decreasing costs but the key to achieving this lies in how financial advice practices implement and utilise it, Jass...
Life/Risk
DEXX&R figures revealed the life insurance framework has done little to dent advice life business, with individual risk business increasing and attrition decreasing over ...
Superannuation
Superannuation funds need to provide new members with an easily understood but detailed explanation of what, precisely, insurance within super is delivering, according to...
Editorial
ASIC is taking a close look at the sale of life insurance direct to consumers and Mike Taylor writes that the regulator’s findings may significantly alter the commercial ...
Superannuation
Complex super insurance claims processes and delays forced members to opt for litigation in the lodgement of the claim despite the legal fees involved, a super working g...
Life/Risk
An additional layer of assistance to help consumers make a claim would add more confusion and would be seen as a way to discourage consumers from making a claim, a panel ...
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MARKET INSIGHTS
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...