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LIFE INSURANCE
Financial planning
Challenger has reported a $0.9 billion decline in annuity sales as a result of the restructure of the bank-aligned advice network, as the firm issues its full year result...
Life/Risk
Fewer claims would need to be paid if insurers were to only pay medical bills of sick workers, according to Maurice Blackburn Lawyers. ...
Life/Risk
The FSC has announced the extension of the frontline healthcare workers and total permanent disability claims initiatives until 1 January, 2021. ...
People & Products
Gary Dransfield, chief executive, insurance (Australia) is to leave Suncorp, as the firm undergoes a leadership restructure. ...
Life/Risk
AMP Limited has sold AMP Life for $3 billion but will retain a 20% holding in Resolution Life Australia....
Life/Risk
The life insurance industry’s own Life Code Compliance Committee has slammed the insurers for being so inconsistent that the committee has been unable to deliver meaningf...
Life/Risk
Life/risk advisers have been caught in a bind as they find themselves at risk of clawbacks as they seek to help clients deal with financial hardship by winding back premi...
Life/Risk
Those members of AustralianSuper who empty out their superannuation accounts via the Government’s hardship early release scheme will continue to have life cover worth $10...
Life/Risk
Individual disability income insurance as the worst hit risk product at a loss of $1.4 billion over the year to March 2020, according to data. ...
Life/Risk
The efforts of many clients and their life/risk advisers to write Agreed Value income protection cover before the 1 April deadline were stymied by the job COVID-19 job lo...
Life/Risk
Financial Services Council member life insurers won’t deny total and permanent disability claims for those who lost employment because of COVID-19....
Life/Risk
Life insurers have responded to a call to arms from Synchron to demonstrate how they are protecting customers during the COVID-19 pandemic. ...
Life/Risk
Amid suggestions by the Australian Financial Complaints Authority that the Activities of Daily Living regime is “very tough”, the major insurers have flagged key changes ...
Life/Risk
Life insurance commissions should be retained in the life/risk industry with no change to their structure, according to major insurer ClearView....
Life/Risk
New research has revealed that many Australians would ditch their life insurance cover while maintaining house and car insurance if faced with financial distress....
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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....