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Showing 101 - 110 of 2137 results for "life insurance"

Treasury releases Quality of Advice Review final report

CASSANDRA BALDINI, JAMIE WILLIAMSON  |  WEDNESDAY, 8 FEB 2023
... recommends. The final report also includes a recommendation to maintain the current commission and clawback rates on life insurance advice. Those providing this advice should obtain the client's informed consent before accepting a commission prior ...

NEOS Life expands in South Australia

JAMIE WILLIAMSON  |  THURSDAY, 2 FEB 2023
... committed to building strong adviser relationships in South Australia and providing valuable insights into the life insurance industry," NEOS Life said. WA/SA state manager Reon Botha will continue to manage both states.

MLC Life Insurance welcomes new non-executive director

CASSANDRA BALDINI  |  FRIDAY, 27 JAN 2023
MLC Life Insurance has appointed David Stephen as an independent non-executive director on its MLC Limited board. Stephen will also serve as chair of the board risk committee, replacing Andy Cornish who after seven years is retiring. With over 35 years ...

FSC releases claims handling standard for super funds

ANDREW MCKEAN  |  TUESDAY, 10 JAN 2023
The Financial Services Council (FSC) has released an enforceable standard for handling group life insurance claims in superannuation. The FSC's new standard replaces existing voluntary guidance and sets a minimum level of service that consumers can ...

Westpac settles BT Super class action

CASSANDRA BALDINI  |  MONDAY, 19 DEC 2022
... million settlement in a class action relating to the bank's subsidiaries, BT Funds Management Limited and Westpac Life Insurance Services Limited. Tens of thousands of Australians may receive compensation following the settlement, which is subject ...

PPS Mutual unveils new income protection product

CASSANDRA BALDINI  |  TUESDAY, 13 DEC 2022
... that meet those requirements, is part of the PPS Mutual philosophy of putting members first." Pilcher added the life insurance provider continues to evolve and improve its offerings in support of the changing needs of the industry and the professionals ...

Life insurer claims under regulator watch

CHLOE WALKER  |  MONDAY, 12 DEC 2022
... follows theidentification of systems failures in the incorrect applications of consumer price indexations (CPI)'s to life insurance policy benefits. Already, ASIC has received breach reports from seven life insurers for the miscalculation of life insurance ...

APRA, ASIC concerned over premium increases

CHLOE WALKER  |  FRIDAY, 9 DEC 2022
... these discrepancies, ASIC and APRA said that they expect all life companies that write, or have written, retail life insurance policies to review their past premium increases, and disclosure and marketing material. When addressing expectations around ...

Advisers must register for FSCP: ASIC

CASSANDRA BALDINI  |  THURSDAY, 24 NOV 2022
... Touching on the Quality of Advice Review (QAR), she said ASIC has a formal role in the review in respect of its life insurance work. "Specifically, our work on the Life Insurance Framework (LIF) review has been incorporated into the quality of advice ...

No big surprises, Levy promises

CASSANDRA BALDINI  |  WEDNESDAY, 23 NOV 2022
... financial institutions so that's not a proposal that I have changed." Another "slight adjustment" will be regarding life insurance remuneration. "I think it's fair to say I came into this review, not being a fan of commissions. And I continue ...