LIFE INSURANCE
Financial planning
The AFA has welcomed the Government’s move to introduce the life insurance remuneration bill to the lower house today, particularly the move to treat life insurance attai...
Policy & Regulation
The obligations flowing from the FSC’s Life Insurance Code of Conduct may extend beyond its members with the Federal Government signalling it wants the code to carry ASIC...
Life/Risk
The Life Insurance Code of Practice falls short of reasonable community expectations about how insurers should behave, an insurance lawyer believes....
Financial planning
The AFA has formed a life insurance sub-committee and a professional standards sub-committee, whose members will review and provide suggestions on various policy issues a...
Life/Risk
The LIF reforms might boost the capital position of a life insurer but would not increase profits, BTFG said....
Life/Risk
The LICG proposal for a special resolution to force the AFA to oppose the LIF has failed to garner the required support...
Financial planning
The Productivity Commission has been told a reasonable case can be made for allowing super fund members aged under 30 to opt out of default death cover. ...
Life/Risk
Consumers are often sceptical of insurers and the claims process and the industry needs to be more transparent to rectify this, BT Financial Group believes....
Life/Risk
The Association of Financial Advisers has sought substantial improvements in the Financial Services Council’s Life Insurer Code of Practice....
Editorial
There can be no doubting how many life/risk advisers remain aggrieved by the LIF outcome, but bi-partisan Parliamentary support means there is no unscrambling the omelett...
Financial planning
Advisers and adviser associations agreed to life insurance framework reforms under duress, while the reforms failed to address insurers’ commercial imperatives, the LICG ...
Financial planning
The Federal Government will allow its expert standards setting body discretion to issue exemptions on a case-by-case basis....
Financial planning
Direct life insurance policies were significantly more expensive than advised retail policies across most age group and cover brackets, according to a quote index....
Financial planning
The Life Insurance Customer Group has taken aim at the FSC once again for its role in achieving a carve-out for direct insurance in the Life Insurance Framework. ...
Financial planning
The FSC’s new Life Insurance Code of Practice faced a delay of three months from its 1 July deadline after it identified areas requiring improvement following industry co...
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