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LIFE INSURANCE
Financial planning
The Australian Securities and Investments Commission is now claiming that its pivotal REP 413 which acted as the catalyst for the Life Insurance Framework is no longer re...
Life/Risk
Nippon Life and National Australia Bank have provided a $650 million capital injection to MLC Life with Nippon Life declaring it will be carefully monitoring developments...
Policy & Regulation
Financial advisers and authorised representatives looking to provide claims handling services for insurance products will be able to represent more than one Australian fi...
Life/Risk
The Australian Securities and Investments Commission has released a new draft document outlining how financial advisers and licensees will need to seek variations to thei...
Financial planning
AMP Limited has expanded its life insurance approved product list and extended it across all its planning licensees....
Expert Analysis
Life insurance has been very much in the spotlight during the COVID-19 pandemic, writes Don Stevenson, and both insured and insurer benefit from a personalised claims phi...
Financial planning
The Australian Labor Party has signalled its continuing suspicion of commission-based remuneration with Shadow Assistant Treasurer, Stephen Jones saying the advice indust...
Life/Risk
New research from KPMG has confirmed the degree to which COVID-19 impacted the Australian life insurance industry already on the back foot and facing revenue and profitab...
Financial planning
The corporate regulator’s review on life insurance advice will unlikely be followed by with enforcement action. ...
Life/Risk
MLC Life’s new chief of life insurance, Sean McCormack, has acknowledged the adverse impacts of the company’s technology changes but says the company is accepting its res...
Life/Risk
Consumers will have the choice between sticking with increasingly expensive features-rich income protection products or moving to more affordable products to be launched ...
Life/Risk
MLC Life acknowledges less than acceptable service experience as it creates specific life division to be led by Sean McCormack....
Life/Risk
Big insurer, MLC Life has admitted to advisers that it is up to six weeks behind on some key service deliverables as it seeks to deal with IT issues and Melbourne’s COVID...
Superannuation
The Government’s changes to insurance inside superannuation have been responsible for driving premium increases, not the superannuation funds themselves, according to the...
Life/Risk
New research has confirmed what most life/risk advisers already knew – that front-loading discounts on life/risk products to buy market share ultimately works against the...
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MARKET INSIGHTS
Podcast
Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...
It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...
So we are now underwriting criminal scams?...