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Showing 1 - 10 of 14 results for "Financial Services Council Life Insurance"

Commissions likely to stay: Hume

KARREN VERGARA  |  THURSDAY, 22 APR 2021
... that commissions are an acceptable form of remuneration," Hume told yesterday's Financial Services Council Life Insurance Summit. "I recognise that a flat fee charged for advice can be a challenging business proposition." In the same breadth, Hume ...

Government merges advice reviews

KARREN VERGARA  |  WEDNESDAY, 21 APR 2021
... women's economic security Jane Hume announced this morning. Speaking at the annual Financial Services Council Life Insurance Summit, Hume highlighted areas that overlap across the two reviews that prompted the move. Under Treasury's new remit, it ...

APRA intervention blindsided AFA, FPA taskforce

ELIZABETH MCARTHUR  |  TUESDAY, 28 JUL 2020
At the Financial Services Council Life Insurance Summit, the heads of financial advice industry associations admitted to being blindsided by APRA's intervention on individual disability income insurance. Association of Financial Advisers chief executive ...

Hume calls out ERS fake news

ELIZABETH MCARTHUR  |  MONDAY, 27 JUL 2020
At the Financial Services Council Life Insurance Summit Senator Jane Hume has said "fake news" about consumers losing life insurance due to the early release of super has irritated her. Hume said consumers would not lose life insurance policies held ...

Life insurance regulation needs government backing: Poll

KARREN VERGARA  |  WEDNESDAY, 2 MAY 2018
... advertising, and policy design and disclosure. The poll, which was conducted at the recent Financial Services Council Life Insurance Conference, found more than a third (36%) said the bar set by the code was too low, while the majority felt (59%) it ...

O'Dwyer flags government intervention on insurance in super code

KARREN VERGARA  |  THURSDAY, 22 MAR 2018
... savings. Kelly O'Dwyer expressed her frustration with the industry's inertia at yesterday's Financial Services Council Life Insurance Conference in Sydney. She is "convinced" trustees are not taking their best interest duties seriously. "I am concerned ...

Group insurance inaction is "robbery": Inquiry

KARREN VERGARA  |  FRIDAY, 8 SEP 2017
... paying. In past hearings, the Committee has expressed its concerns over the limits of the Financial Services Council Life Insurance Code of Practice which doesn't cover group insurance. CommInsure, an FSC member, has adopted the code. AMP appeared at ...

Insurance giant partners to combine life and health

ALEX BURKE  |  WEDNESDAY, 24 MAY 2017
... their future," Mu said. Mu's statement echoes his comments back in March at the 2017 Financial Services Council Life Insurance Conference in Sydney, where he said he saw a "strong case for life and health coming together and creating shared value." At ...

Not our job to protect big insurers: APRA

ALEX BURKE  |  FRIDAY, 31 MAR 2017
... former Suncorp Life chief executive Geoff Summerhayes issued this warning at the 2017 Financial Services Council Life Insurance Conference in Sydney, adding: "While our mandate is to ensure financial safety, that does not entail protecting the business ...

Can life and health insurers operate under one roof?

ALEX BURKE  |  FRIDAY, 31 MAR 2017
... insurers, according to AIA Australia chief executive Damien Mu. Speaking at the 2017 Financial Services Council Life Insurance Conference in Sydney, Mu said he sees a "strong case for life and health coming together and creating shared value. After all ...
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