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LIFE INSURANCE
Financial planning
ClearView has announced underlying net profit after tax is up 54% to $22.7 million but operating earnings for its financial advice arm were down 58% as it sells it to Cen...
Features
As TAL acquires Westpac Life Insurance, experts believe international ownership of life insurers is no bad thing as it will bring expertise and specialisation but a small...
Expert Analysis
Demutualisation of insurers has led to a destruction of value, writes Michael Pillemer, so remutualising could be a valid idea to rebuild consumer trust....
Life/Risk
The Financial Services Council has released the second draft of the life insurance code of practice for public consultation. ...
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....
Life/Risk
Life insurance and group insurance inside superannuation will be exempt from the Government’s deferred sales model. ...
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...
Life/Risk
Only one-third of surveyed consumers believe an advised life insurance product is better quality than an unadvised product, according to MetLife....
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...
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...
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...
Life/Risk
Despite rumours suggesting otherwise, the Financial Services Council says receiving the COVID-19 vaccine will not invalidate life insurance policies....
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....
Life/Risk
The Federal Opposition says it is willing to listen and be convinced about life insurance and commissions....
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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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...