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LIFE INSURANCE
Life/Risk
Resolution Life, the company which is acquiring AMP Life, has gone to the market and raised US$3 billion ahead of closing the AMP deal early next year....
Life/Risk
The Australian Prudential Regulation Authority has produced data confirming the value of life/risk advisers at claim time....
Life/Risk
TAL has announced the key changes around its two business lines: individual life and group life and investments....
Life/Risk
AIA and the Commonwealth Bank have translated the CommInsure acquisition into a 25-year distribution arrangement....
Financial planning
Financial advisers who communicate with clients over insurance inside superannuation have been specifically referenced by the Australian Securities and Investments Commis...
Superannuation
Superannuation funds should be prepared to tell members when opting out insurance inside superannuation is in their best interests, according to the Australian Securities...
Life/Risk
Using life insurance APLs at institutionally-aligned advice licensees has the potential to breach best interests duty and most continue to funnel new clients into in-hous...
Financial planning
The buyer of last resort process is more complicated than advisers might expect as some licensees are focusing on where they can manoeuvre away from the agreed valuation,...
Life/Risk
ANZIIF and LIPSWG have agreed to create a professional standards framework for the life insurance industry in a bid to lift confidence and create a significantly better e...
Financial planning
Advisers would do well to assume worst-case scenario outcomes when it comes to extending the Financial Adviser Standards and Ethics Authority deadlines, according to weal...
Financial planning
The entry of the banks and the end of mutual structures in the Australian wealth and insurance sectors has been a disaster which may be capable of repair by returning to ...
Financial planning
Advised life insurance taken out as a safeguard for clients who take out home mortgages should be specifically exempted from the Government’s tough new rules around the s...
Life/Risk
The Australian life insurance sector has never been more dominated by the big five life insurers but sales are decreasing, according to the latest data from Dexx&r....
Policy & Regulation
The Australian Financial Complaints Authority has called for a radical escalation of the proposed prohibition on unsolicited telephone sales, urging a ban on all unsolici...
Financial planning
ClearView’s advisers were found to have failed in giving a ‘needs analysis’ to life insurance clients, according to the corporate watchdog....
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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....