Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 151 - 160 of 2141 results for "Life insurance"

AFA hits back at QAR submissions from Choice, ISA

CASSANDRA BALDINI  |  MONDAY, 11 JUL 2022
... desperately need it," the AFA stated. Choice has made recommendations related to adviser remuneration, including banning life insurance commissions and asset-based fees. Choice claims that life insurance commissions "create a perverse incentive for advisers ...

Subjects of Royal Commission case study found guilty in court

CHLOE WALKER  |  MONDAY, 11 JUL 2022
... diligence as a director. The firms, which sold life, funeral and accidental injury insurance issued by St Andrew's Life Insurance, were labelled one of the "most egregious" by ASIC in 2018 when it came to poor sales practices in regional and remote communities. ...

MLC Life appoints chief risk officer

JAMIE WILLIAMSON  |  FRIDAY, 1 JUL 2022
... previously served as Zurich Financial Services' risk chief, overseeing all elements of the business including life insurance and superannuation. "I'm delighted to welcome Jane to MLC Life Insurance. She is a seasoned and experienced chief risk ...

MLC Life enhances income product range

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
MLC Life Insurance has made improvements to its Income Assure and Income Assure+ products following adviser feedback. As a response to cost-of-living pressures, MLC has afforded customers the option to 'inflation proof' their cover to ensure ...

AMP completes Resolution Life divestment

ANDREW MCKEAN  |  WEDNESDAY, 29 JUN 2022
... are in the final stages of executing." As previously reported by Financial Standard, AMP began its exit of the life insurance business last year flagging that it would divest the company's $524 million stake in Resolution Life. As part of this divestment ...

AMP wants life insurance caps raised, fees lowered

CASSANDRA BALDINI  |  MONDAY, 27 JUN 2022
AMP has called for the federal government to review life insurance model fees and caps placed on financial advisers, warning the current climate will lead to an underinsured population. The wealth manager picked at old wounds in its submission to the ...

Life Code update expands consumer protections

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
The latest iteration of the Life Insurance Code of Practice features more than 50 new consumer protections, including a ban on blanket mental health exclusions and greater limits on surveillance. The updated Code follows consultation with industry ...

Insurers to get new advocacy body

JAMIE WILLIAMSON  |  WEDNESDAY, 22 JUN 2022
Australia's life insurance industry will soon have a new peak body, the Council of Australian Life Insurers (CALI). Expected to launch later this year, CALI is the brainchild of a collective of life insurers who believe it is now time for the sector ...

MLC Life chief executive to depart

JAMIE WILLIAMSON  |  FRIDAY, 17 JUN 2022
... business and has overseen our return to profitability. He is a strong leader with a clear vision for the future of MLC Life Insurance as we face the challenges of a fast-changing life insurance sector and ever evolving customer needs." He also thanked ...

No more changes to risk commissions: ClearView

JAMIE WILLIAMSON  |  TUESDAY, 7 JUN 2022
... About 67% of financial advisers say they'd stop offering standalone risk advice if there are further changes to life insurance commissions. That's according to a survey conducted by ClearView, which found a further 20% are unsure if they'd continue providing ...