life risk

Life/Risk

TAL faces RC scrutiny on direct life sales

TAL will today join ClearView and Freedom in being scrutinised by the Royal Commission on the failings of direct life/risk sales business....

Financial planning

RC background paper’s blunt assessment of life/risk advice

A background paper on the sale of life/risk products provided to the Royal Commission has suggested life/risk advisers recommend in-house products in return for lower dea...

Life/Risk

Big insurers to front Royal Commission

TAL, CommInsure, AMP and ClearView have been named to front the next round of hearings of the Royal Commission into Misconduct in the Banking, Superannuation and Financia...

Life/Risk

Will CFS dump CommInsure as its group insurer?

Colonial First State retained CommInsure as its group insurer despite it performing poorly against a number of industry benchmarks but that may change following the sale ...

Life/Risk

Self-regulation not adequate for life insurers

Self-regulation would not be an adequate protection if life insurers were permitted to participate in worker rehabilitation, according to mental health body, beyondblue....

Life/Risk

Advisers, insurers need to improve efficiency under LIF

The commencement of the Life Insurance Framework has put increased pressure on advisers to re-evaluate cost structures and improve practice efficiency....

People & Products

Fiducian’s FORCe integrates with OmniLife

The Fiducian Group’s financial planning software. FORCe, has been integrated with Omnium’s digital OmniLife platform for member convenience. ...

Superannuation

Group insurance — a tale of cross-subsidies

New analysis from Willis Towers Watson suggests the young are subsidising the old because of insurance design within some superannuation fund offerings. ...