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LIFE/RISK
INDUSTRY NEWS
Policy and advocacy specialist Benjamin Marshan has left the Council of Australian Life Insurers after less than a year, having joined in March from the Financial Plannin...
INDUSTRY NEWS
The declining volume of risk advisers meant KPMG has found a rising lapse rate for insurance policies arranged by independent financial advisers, particularly in the TPD ...
INDUSTRY NEWS
The Life Insurance Code of Practice has transferred from the Financial Services Council to the Council of Australian Life Insurers....
INDUSTRY NEWS
The firm has announced it will no longer be writing new life insurance policies in the retail advised and corporate group insurance channels, citing a declining market an...
INDUSTRY NEWS
ASIC has issued its first interim stop order on two life insurance products from ClearView Life for DDO failures....
INDUSTRY NEWS
AIA Australia has taken the next step in its pursuit of healthier, longer, better lives for all Australians, launching the new Priority Protection Healthier Life Reward....
INDUSTRY NEWS
The Financial Services Council has commenced operation of an enforceable standard for handling group life insurance claims in superannuation....
INDUSTRY NEWS
AFA chief executive, Phil Anderson, has clarified Quality of Advice Review proposals regarding obtaining client consent for life insurance commission following a meeting ...
INDUSTRY NEWS
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...
INDUSTRY NEWS
The Financial Services Council has announced further consumer protections for the Life Insurance Code of Practice. ...
INDUSTRY NEWS
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...
INDUSTRY NEWS
The Australian Securities and Investments Commission (ASIC) has raised more concerns over life insurance claims handling by some insurers....
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Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...
This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...
Interesting. Would be good to know the details of the StrategyOne deal....