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Showing 1 - 10 of 56 results for "Direct life insurance"

Life, funeral insurers cop $14m fine

KARREN VERGARA  |  WEDNESDAY, 5 JUL 2023
... consumer outcomes," she said. In 2019, ASIC consequently banned unsolicited cold call telephone sales of direct life insurance and consumer credit insurance. The ban was superseded by reforms to the anti-hawking regime, which took effect on 5 October ...

Anti-hawking laws could dampen super fund advice: Academic

KARREN VERGARA  |  TUESDAY, 27 JUN 2023
... in place, however they don't cover financial advice services. One outcome led to the ban of hawking direct life insurance in 2020. National Advice Solutions was recently convicted of cold-calling consumers, trying to convince them to switch their ...

UK to ban cold calling on all financial products

JAMIE WILLIAMSON  |  FRIDAY, 5 MAY 2023
... occupational or personal pension schemes. In 2020, ASIC introduced a ban on the use of cold calling to sell direct life insurance. Meanwhile, in 2021 anti-hawking legislation was introduced. Earlier this year, the Australian Institute of Superannuation ...

Insurance, retirement product excellence recognised

CHLOE WALKER  |  FRIDAY, 28 OCT 2022
... Adviser Support Award, Customer Service Award and Innovation Award. TAL Life was the winner of the Overall Direct Life Insurance Excellence Award, also taking home the Term Life Award, Trauma Rider Award and Innovation Product Award. NobleOak Life received ...

ASIC response to Freedom Insurance saga continues

JAMIE WILLIAMSON  |  WEDNESDAY, 17 AUG 2022
... now-defunct insurer to come forward. Freedom Insurance went out of business after ASIC's review of the sale of direct life insurance and subsequent Royal Commission hearings uncovered the then-listed insurer's shocking and harmful sales tactics. In September ...

Budget Direct, NobleOak partner for life insurance offering

KARREN VERGARA  |  TUESDAY, 22 FEB 2022
... Direct has joined forces with NobleOak Life to provide its customers a life insurance offering. The Budget Direct Life Insurance range of covers are available to Budget Direct customers who pay for the Premium Life Direct policy. The policy includes ...

Plan For Life names insurance award winners

ANNABELLE DICKSON  |  FRIDAY, 5 NOV 2021
... firm announced the winners of its 2021 Excellence Awards for insurers. NobleOak Life took out the Overall Direct Life Insurance Excellence Award for 2021, going up against TAL Life, HCF Life and MLC Life. NobleOak Life also won the Life Award, TPD Award ...

OnePath to remediate over pressure selling

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... pursued enforcement, regulatory and remediation action to tackle misconduct and stem consumer harm in the direct life insurance market. ASIC has delivered deterrence through court action, disruption and improvement in sales practices and delivered compensation ...

Colonial First State names head of insurance

JAMIE WILLIAMSON  |  THURSDAY, 4 MAR 2021
... Hannover Life Re Australasia. He also spent over five years at MLC working across group life, retail, and direct life insurance. Colonial First State head of superannuation Kylie Turner welcomed Fortescue's appointment. "CFS plays an important role for ...

Life insurers recognised for innovation

KARREN VERGARA  |  TUESDAY, 3 NOV 2020
... Health and Wellness Programs Market View Awards. The Innovation Product Award went to MetLife 360 Health. For direct life insurance, NobleOak Life won the Overall Direct Life Insurance Excellence Award for 2020. It also won the TPD Award (My Protection ...
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