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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. ...
Life/Risk
Suncorp Life chief executive, Geoff Summerhayes wants Treasury to get life/risk legacy product rationalisation back on agenda....
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....
Life/Risk
Life insurers should have the same powers as general insurers when it comes to dealing out benefits like riders, according to TAL. ...
Life/Risk
Insurer, Tower Limited, has confirmed the sale of its residual life business in a statement to the ASX....
Financial planning
AMP has flagged piloting new advice models at the same time as announcing a solid first-half profit result....
Editorial
Poor performance of group products is continuing to impact life insurers’ profits, the Australian Prudential Regulation Authority’s Quarterly Report reveals....
Financial planning
The financial planning industry has illustrated “inappropriate levels of quality” going back more than a decade, ASIC said....
Editorial
The financial services regulators have sent a clear message to the life/risk industry about its past mistakes. ...
Editorial
Suncorp reports solid full-year but revises appraoch on life in face of structural challenges....
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...
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....
Superannuation
Super portfolios are an “aggressive constant mix”, leaving investors in the pre- and post-retirement stages at risk....
Financial planning
Life/risk advisers are bracing themselves for ASIC to issue a tough analysis of churn and lapse rates....
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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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....