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LIFE INSURANCE
Policy & Regulation
ASIC has commenced Federal Court proceedings against OnePath Life for allegedly failing to act with utmost good faith during claims handling, the first time it has sought...
People & Products
MLC Life Insurance has appointed Catherine Dubé as an independent non-executive director and as chair of the board audit committee....
Financial planning
The Financial Planning Association of Australia has rejected proposals to ban commissions as it believes it could leave consumers chronically underinsured and dependant o...
Financial planning
The FPA is recommending another review of life insurance commission as the current proposal “leaves more questions than answers” and presents concerns about the accessibi...
Life/Risk
AFA chief executive, Phil Anderson, has clarified Quality of Advice Review proposals regarding obtaining client consent for life insurance commission following a meeting ...
Life/Risk
The Quality of Advice Review has stated there are benefits of retaining commission for life insurance but admits it could result in a real risk of lower-quality advice fo...
People & Products
MLC Life Insurance has upgraded its MLC Insurance product range to allow a greater portion of earnings to be insured....
Life/Risk
The Financial Services Council has announced further consumer protections for the Life Insurance Code of Practice. ...
Life/Risk
Less than 10% of life insurance advice is placed without commission, according to the Financial Services Council, and thousands more of Australians would be able to obtai...
People & Products
The Council of Australian Life Insurers, the group of insurers who split off from the Financial Services Council to form its own organisation, has appointed a chief execu...
Life/Risk
The Australian Securities and Investments Commission (ASIC) has raised more concerns over life insurance claims handling by some insurers....
Life/Risk
The Financial Services Council has issued a new Life Insurance Code of Practice for life insurers, introducing 50 additional consumer protections....
Life/Risk
Commission should continue to be offered on insurance advice, according to The Advisers Association, and current commission rates are too low which was causing advisers t...
Life/Risk
Further changes to life insurance commission caps could see up to 87% of financial advisers stop providing standalone risk insurance advice, according to ClearView resear...
Financial planning
NEOS and MLC Life Insurance have released their Encompass Protection retail life insurance offering designed in response to the increasing cost of providing risk advice....
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Podcast
This can't be a surprising development. I'm sure every Financial Planner in Australia has had an experience of being sc...
Just 15 per cent of advisers said they may exit the industry over the next few years, Thats about 2,300 advisers! if ...
I think Mr. Toohey's conclusions and extrapolations are "currently" merging on the typical SMSF issue of "....prone to ...