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TPD
Life/Risk
Total and permanent disability products are next on the list for insurers to look at to ensure they do not become unsustainable like income protection....
Life/Risk
Financial Services Council superannuation and life insurance members will be prohibited from the use of exclusions and restrictive disability definitions because a super ...
Life/Risk
Income protection complaints accounted for the most complaints in regards to life insurance during FY2020-21, especially when it came to the calculation of benefits for b...
Life/Risk
The proposed stapling of superannuation funds may leave some members ineligible to claim against their own policy after paying premiums if they are injured or ill while w...
Superannuation
Over 30% fewer superannuation fund members have been revealed as having life insurance and total and permanent disability cover as a result of the Government’s successive...
Life/Risk
Members are now able to obtain more insurance cover without the need for underwriting....
Life/Risk
A Federal Opposition frontbencher has been warned against misinterpreting Australian Prudential Regulation Authority data to suggest that group TPD insurance delivers bet...
Life/Risk
An under pressure OnePath has stepped up its efforts to cut its losses on income protection insurance by announcing a 25% increase in premiums for existing customers as w...
Life/Risk
The FSC has announced the extension of the frontline healthcare workers and total permanent disability claims initiatives until 1 January, 2021. ...
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
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 insurers should be prepared to go further than their own Life Insurance Code of Conduct to help clients impacted by the COVID-19 pandemic, according to the Australia...
Financial planning
The Tax Practitioners Board latest consultation paper could result in greater training requirements for advisers. ...
Life/Risk
Those who seek their own coverage cannot assume they will end up with a product in their best interests, according to a law firm....
Life/Risk
The conditions attaching to some total and permanent disability insurance products sold inside superannuation made them tantamount to junk, according to consumer group, C...
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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....