ROYAL COMMISSION

Life/Risk

Financial Services Council chief executive Sally Loane has told the Royal Commission that direct sales of life policies via outbound “cold calls” is viewed as unlawful by...

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Editorial

The Royal Commission has laid bare appalling practices within some of the insurance call centres, making direct life/risk sales something which may bring into question th...

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Features

The chair of life/risk focused dealer group Synchron, Michael Harrison claims the Royal Commission has highlighted the gaping chasm which exists between the high value pr...

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Expert Analysis

With another round of Royal Commission hearings having drawn to a close and proposed education reforms remaining somewhat unknown, Matt Swieconek looks at how the changes...

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Policy & Regulation

A new mortgage broking group, the Mortgage Brokers Forum, has advocated adopting a licensing model similar to that applied to financial planners but with the retention of...

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Life/Risk

Suncorp chief executive, insurance, Gary Dransfield has admitted to the Royal Commission that it could have “communicated better” during the Victorian bushfires of 2015....

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Policy & Regulation

The Royal Commission has heard that IAG subsidiary Swann Insurance incentivised sales of add-on products that were “inappropriate” for certain customers....

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Life/Risk

Allianz attempted to either change or kill two separate independent reports into its compliance procedures that were unfavourable to the insurer’s processes, the Royal Co...

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Life/Risk

The Royal Commission has heard that Allianz is checking past compliance issues to see if they should have been reported to a regulator, in addition to its approximately 1...

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Policy & Regulation

The Federal Treasurer, Josh Frydenberg says he believes the Australian Securities and Investments Commission has a case to answer for the issues raised in the Royal Commi...

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Life/Risk

The Royal Commission today heard that AMP failed to refund members’ estates for fees charged on life insurance after AMP knew they had died....

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Life/Risk

AMP Limited charged a non-smoker $72,000 worth of premiums designed to be for smokers under a system that required non-smokers to submit a declaration identifying themsel...

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Life/Risk

AMP Limited faces another period in the Royal Commission witness box today, this time focused on its insurance operations....

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Life/Risk

The Royal Commission has heard that superannuation fund, Rest, acted in its insurer’s benefit, and not the benefit of its members....

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Life/Risk

The Royal Commission has heard that TAL’s treatment of an insured not only denied the mentally ill customer assistance at various points of her claim, but also actively c...

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