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....

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Life/Risk

The Australian Prudential Regulation Authority has produced data confirming the value of life/risk advisers at claim time....

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Life/Risk

TAL has announced the key changes around its two business lines: individual life and group life and investments....

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Life/Risk

AIA and the Commonwealth Bank have translated the CommInsure acquisition into a 25-year distribution arrangement....

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Financial planning

Financial advisers who communicate with clients over insurance inside superannuation have been specifically referenced by the Australian Securities and Investments Commis...

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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...

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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...

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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,...

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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...

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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...

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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 ...

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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...

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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....

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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...

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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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