POWERED BY MOMENTUM MEDIA
LIFE
Funds management
Challenger is expecting its 2022 financial year net profit before tax to hit the upper end of the $430 million to $480 million guidance range, following life sales jumpin...
Life/Risk
Risk specialist advisers will have a tough time growing new business as the life insurance market continues to shrink and the cost of advice continues to rise....
Life/Risk
The Federal Opposition says it is willing to listen and be convinced about life insurance and commissions....
Funds management
Challenger’s group assets under management rose by 13% in the first half of the 2021 financial year, with the company declaring a dividend of 9.5 cents per share....
Life/Risk
In yet another sign of the challenging times confronting the life insurance industry in Australia, Hannover Life Re has announced it is exiting the direct group market to...
Life/Risk
The industry has an opportunity to reduce the cost of advice and to make the process more efficient and profitable for life/risk advisers, according to MLC....
People & Products
The fintech firm has launched a new online product comparison tool to help advisers compare the fees and features of over 1,000 superannuation, pension and investment fun...
Life/Risk
Disability insurance is continuing to significantly drag on the bottom lines of the major insurers despite goodwill “discrete goodwill write-offs”...
Life/Risk
Life/risk insurer, ClearView has announced new premium pricing in the face of claims experience and the economic environment....
Life/Risk
The Financial Services Council wants to extend its insurance code of conduct to “all life insurance distributors”....
Financial planning
The Australian Securities and Investments Commission has signalled it will not be pressing to ban life/risk commissions at least until after it has reviewed the effective...
Life/Risk
MetLife has secured the insurance mandate of Tasplan, following a tender process which will see the insurer deliver group life offerings to the fund’s 145,000 members....
Life/Risk
Life/risk insurers have been placed on notice that the Royal Commission may recommend measures to hold them responsible for psychiatric injury inflicted on clients by cla...
Life/Risk
Direct life insurance is barely worth the paper it is written on, according to the chairman of life/risk-focused dealer group Synchron, Michael Harrison....
Life/Risk
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...
Never miss the latest news and developments in wealth management industry
MARKET INSIGHTS
Podcast
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....