LIFE INSURANCE

Life/Risk

Advisers’ culture-driven reluctance to sell is contributing to the dearth of the life insurance industry as we know it, according to Synchron’s Don Trapnell. ...

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Life/Risk

Suncorp Life chief executive, Geoff Summerhayes wants Treasury to get life/risk legacy product rationalisation back on agenda....

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Life/Risk

ANZ has used its second submission to the FSI to back the imposition of time limits on life insurance claims similar to those applying to general insurance....

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Life/Risk

Life insurers should have the same powers as general insurers when it comes to dealing out benefits like riders, according to TAL. ...

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Life/Risk

Insurer, Tower Limited, has confirmed the sale of its residual life business in a statement to the ASX....

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Financial planning

AMP has flagged piloting new advice models at the same time as announcing a solid first-half profit result....

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Editorial

Poor performance of group products is continuing to impact life insurers’ profits, the Australian Prudential Regulation Authority’s Quarterly Report reveals....

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Financial planning

The financial planning industry has illustrated “inappropriate levels of quality” going back more than a decade, ASIC said....

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Editorial

The financial services regulators have sent a clear message to the life/risk industry about its past mistakes. ...

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Editorial

Suncorp reports solid full-year but revises appraoch on life in face of structural challenges....

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Financial planning

FOS claims it will have eliminated its backlog of cases by 2015 but was struggling to get 22 financial services providers to pay more than $10 million in unpaid determina...

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Editorial

The Commonwealth Bank has delivered a solid full-year result with its financial planning troubles making little impact in terms of comments or provisioning....

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Superannuation

Super portfolios are an “aggressive constant mix”, leaving investors in the pre- and post-retirement stages at risk....

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Financial planning

Life/risk advisers are bracing themselves for ASIC to issue a tough analysis of churn and lapse rates....

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Life/Risk

An alarmingly low proportion of Australians say they would use a pay increase to take out financial protection, a survey shows. ...

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