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INSURANCE
Life/Risk
The Actuaries Institute has produced a report to underpin its call for a radical overhaul of disability income insurance in Australia which it claims has become highly un...
Life/Risk
Superannuation members’ insurance cover could lapse if there is no money in the account to pay the premiums after being drained for early access, a law firm warns....
Financial planning
The Government’s latest exposure draft legislation around the recommendations of the Hayne Royal Commission suggest little has been paid to the lobbying of the major fina...
Life/Risk
Insurer Clearview has confirmed it will cease the sale of agreed value income protection policies from 31 March....
Policy & Regulation
Accountants, doctors and other should be excluded from the coverage of claims handling as a financial service and insurers should be allowed to continue giving ‘factual s...
Life/Risk
According to analysis from Honan Insurance Group, this year will again be challenging for businesses seeking insurance cover....
Life/Risk
Strong rules need to be written to ensure that financial advice given by insurance companies or their representatives at claim time is clearly recognised for what it is –...
Financial planning
Australians who have lost their life insurance policy details in the bushfires can contact the Financial Services Council for help....
Superannuation
The funds are analysing data to identify members and employers in bushfire areas to provide support....
Life/Risk
Legislation surrounding the regulation of claims handling may have insurers and related parties look to fall under a single Australian Financial Services License to ease ...
Life/Risk
The Australian Securities and Investments Commission’s Federal Court case against major insurer, TAL, will test the circumstances and extent to which life insurers can ga...
Life/Risk
Major life insurer TAL has been taken to court by the Australian Securities and Investments Commission on charges relating to issues raised during the Royal Commission in...
Policy & Regulation
Insurance inside superannuation needs a properly resourced code administrator with sanction powers, according to the Australian Securities and Investments Commission....
Superannuation
The superannuation industry has been urged by the Australian Securities and Investments Commission to focus more on improving life insurance outcomes for its members....
Life/Risk
Lowers sales through advice channels have helped contribute to life/risk new sales reaching a five year low, according to new data released by Dexx&r....
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So we are now underwriting criminal scams?...
Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...
Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...