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INSURANCE
Financial planning
ASIC has cancelled the AFS licence of a Sydney-based firm, Core Insurance, for failing to lodge financial statements and auditor reports. ...
Life/Risk
The new LIF laws due to come into effect this year are filled with holes and lacks clarity around what would happen if there was a change of licensee and/or adviser, a la...
Life/Risk
Australians are more willing to cut back on investment plans and life insurance than car insurance and mobile phones, a survey finds....
Superannuation
Those employees who did not receive their entitled superannuation guarantee from employers risked being unable to access their insurance benefits through their super....
Life/Risk
The Commonwealth Bank has lifted interest rates for homebuyers looking to fix their home loan in what RateCity has called a sign of what will come for rate variability....
Life/Risk
The major life insurers have been told to do more and spend more on addressing legacy product issues rather than waiting on Government legislation....
Life/Risk
CommInsure has received positive feedback from the launch of a tele claims service and updates to its product offerings....
People & Products
The Insurance Council of Australia has appointed QBE Group COO, Colin Fagen, as its new chairman....
Life/Risk
NZ insurer, Tower has moved to limit the impact of earthquakes on its bottom line by creating a new company to handle earthquake claims....
Life/Risk
Negative publicity engulfing risk and life insurance has had an adverse effect on consumer perception of the products, which has seen a drop in satisfaction levels. ...
Superannuation
Superannuation funds have been warned to fix the problems which have seen super balances eroded by insurance premiums....
Life/Risk
Independent reviews of retail advice and group in life insurance claims at CommInsure did not find inappropriate decline of claims, the Commonwealth Bank said....
Life/Risk
The life insurance industry cannot move on from LIF until performance guidelines are set, Bombora believes....
Financial planning
ASIC has permanently banned a former Queensland authorised representative of an insurance product distributor after being sentenced for fraud and stealing....
Life/Risk
The life insurance industry is missing out on an opportunity by just having half a dozen providers on APLs without basis, according to a panel....
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MARKET INSIGHTS
Podcast
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....
It’s astonishing to see the FAAA now pushing for more advisers by courting "career changers" and international recruits,...