LIFE INSURANCE

Life/Risk

A guidance note on group insurance data to improve consumer outcomes has been jointly released by life insurance and super bodies....

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Superannuation

The Australian Competition and Consumer Commission has declared that capping commissions helps insurers more than anyone else and may lead to collusion....

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Life/Risk

The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and the Financial Services Council (FSC) have launched the Life Insurance Code of Practice....

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Editorial

The Australian Securities and Investments Commission has left Federal Parliamentarians in no doubt that it has concerns about the compatibility of vertical integration wi...

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Financial planning

Single source data, privacy, compliance, and education are the biggest challenges life insurance advisers will face this year when it comes to big data and digital change...

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Life/Risk

YTML has this week announced a strategic partnership with risk specialist technology firm, Omnium, to deliver new offerings for advisers in the life insurance space....

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People & Products

MLC Life Insurance has today announced a new leadership team for its bancassurance, digital and direct division, following the recent partnership announcement between NAB...

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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...

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Life/Risk

Increasing numbers of consumers are preferring to use the internet to fulfil their life insurance needs with many reluctant to pay for advice....

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Life/Risk

Parliamentarians need to understand that the major life insurers, not advisers, set and control the dynamics of the life insurance industry, according to the AIOFP....

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Financial planning

The Life Insurance Framework bill has passed through the House of Representatives unopposed, even as a Liberal Party member expressed concerns over possible unintended co...

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Life/Risk

More than half of Australians who only have life insurance in their super are not confident in the level of cover they have, according to a survey....

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Life/Risk

ANZ’s OneCare has launched new initiatives to streamline OneCare’s underwriting processes to allow advisers and clients to spend more time on wealth solutions....

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Financial planning

Direct life insurance channels had inherent weaknesses and did not measure up compared to advised retail life insurance, the AFA incoming national president argued....

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Life/Risk

The life insurance industry cannot move on from LIF until performance guidelines are set, Bombora believes....

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