LIFE INSURANCE

Policy & Regulation

The corporate regulator’s RG 275 will cover all requirements for the implementation the new deferred sales model for add-on insurance, including any exemptions....

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Life/Risk

Life insurance and group insurance inside superannuation will be exempt from the Government’s deferred sales model. ...

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Financial planning

The Financial Services Council has announced a collaborative work with members across the financial services industry to design templates to help enable the implementatio...

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Life/Risk

Only one-third of surveyed consumers believe an advised life insurance product is better quality than an unadvised product, according to MetLife....

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Life/Risk

The proposed stapling of superannuation funds may leave some members ineligible to claim against their own policy after paying premiums if they are injured or ill while w...

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Life/Risk

While individual disability income insurance products recorded a loss of $0.3 billion over the year to end March, 2021, this was a $1.1 billion improvement on last year’s...

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Life/Risk

The life insurer supports the Government’s plan announced in the Budget to develop a streamlined mechanism to transfer life insurance customers from old legacy products t...

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Life/Risk

Despite rumours suggesting otherwise, the Financial Services Council says receiving the COVID-19 vaccine will not invalidate life insurance policies....

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Expert Analysis

With claims handling moving into a front-line service, it is vital for the insurance industry to balance digitisation with human empathy, writes Jenny Oliver....

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Life/Risk

The Federal Opposition says it is willing to listen and be convinced about life insurance and commissions....

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Financial planning

Senator Jane Hume announced the FSC Life Insurance Summit that Treasury will assume control, merging it with the quality of advice review....

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Life/Risk

New data released by the Australian Prudential Regulation Authority has confirmed the value delivered by life/risk advisers while pointing to the continuing problematic n...

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Life/Risk

Life insurance claims specialist, Col Fullagar says life insurers appear to be falling back into their bad old ways, including using the Government’s COVID-19 stimulus me...

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Financial planning

Synchron has issued an urgent call for life insurers to clarify responses to the new Unfair Contract Terms regime. ...

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Superannuation

The corporate regulator has commenced proceedings in the Federal Court against Statewide Superannuation for its representations on insurance cover. ...

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Never miss the latest news and developments in wealth management industry

Ralph

How did the licensee not check this - they should be held to task over it. Obviously they are not making sure their sta...

17 hours ago
JOHN GILLIES

Faking exams and falsifying results..... Too stupid to comment on JG...

18 hours ago
PETER JOHNSTON- AIOFP

Must agree to disagree with you on this one Keith, with the Banks/Institutions largely out of advice now is the time to ...

18 hours ago

AustralianSuper and Australian Retirement Trust have posted the financial results for the 2022–23 financial year for their combined 5.3 million members....

9 months 2 weeks ago

A $34 billion fund has come out on top with a 13.3 per cent return in the last 12 months, beating out mega funds like Australian Retirement Trust and Aware Super. ...

9 months 1 week ago

The verdict in the class action case against AMP Financial Planning has been delivered in the Federal Court by Justice Moshinsky....

9 months 3 weeks ago