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Showing 21 - 30 of 2135 results for "Life insurance"

MLC Life names general manager, remediation

JAMIE WILLIAMSON  |  MONDAY, 11 DEC 2023
... maximising the enhancement of customer processes and outcomes." Commenting on his appointment, Fletcher said: "MLC Life Insurance is one of Australia's leading and most trusted insurers, and I'm excited to continue that tradition and to review and revise ...

APRA flags premium volatility in superannuation group life insurance

ANDREW MCKEAN  |  FRIDAY, 8 DEC 2023
APRA has lifted the lid on the key sustainability challenges of group life insurance in superannuation, notably premium volatility and data availability. At the end of 2022, APRA conducted a survey involving RSE licensees, life insurers, and reinsurers ...

A third of Aussies want life insurance advice: Research

CHLOE WALKER  |  THURSDAY, 7 DEC 2023
... commissioned by the Council of Australian Life Insurers (CALI) shows the number of people receiving professional life insurance advice remains low, despite a third showing interest. The survey polled over 1000 Australian workers aged between 18 and 65 ...

Treasury mulls reforming use of genetic test results by life insurers

JAMIE WILLIAMSON  |  MONDAY, 27 NOV 2023
Treasury is calling for feedback on the use of genetic testing in life insurance underwriting, citing concerns the existing moratorium is ineffective, negatively impacting medical research efforts, and a lack of compliance from insurers. The government's ...

ASIC investigates iExtend over possible unlicensed conduct

CHLOE WALKER  |  THURSDAY, 23 NOV 2023
... trades as iExtend. Documents show the investigation commenced in June last year after concerns were raised that the life insurance start-up was operating without a licence, thus contravening section 911A of the Corporations Act. ASIC said it was also ...

ClearView offloads chunk of Centrepoint Alliance stake

CASSANDRA BALDINI  |  FRIDAY, 17 NOV 2023
... arrangement for selling its financial advice businesses to Centrepoint. However, ClearView remains solely focused on its life insurance business, opting to divest most of its holding. "The transaction reflects ClearView's ongoing simplification and ...

Australian Unity sells advice arm to Fortnum, Nestworth

ANDREW MCKEAN  |  TUESDAY, 14 NOV 2023
... wellbeing of approximately 60,000 Australians. It will manage over $40 billion in funds under advice, $200 million in life insurance premiums, and leverage a network of 400 advisers across Australia. Australian Unity wealth and capital markets chief ...

Treasury unveils advice reforms draft legislation

KARREN VERGARA  |  TUESDAY, 14 NOV 2023
... first tranche of legislation". "Another piece of important news for our members is confirmation that commissions on life insurance (Recommendation 13.7) can continue to be paid to advisers, with a one-off written consent from the client before the beginning ...

Challenger duo joins Allianz Retire+

JAMIE WILLIAMSON  |  THURSDAY, 9 NOV 2023
... customer strategy and experience at Challenger - a role they were appointed to in February 2020. Allianz Australia Life Insurance chief executive Adrian Stewart said he is thrilled to have van der Veen and Foster join the leadership team. "Catherine ...

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... Federal Court of Australia against BT Funds Management (BTFM), Westpac Securities Administration (WSAL) and Westpac Life Insurance Services (TAL Life Insurance Services) (WLIS), a former Group subsidiary. Superannuation fund members alleged that between ...