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

So we are now underwriting criminal scams?...

5 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 1 week ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

1 week 5 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 weeks 1 day ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

2 days 17 hours ago