Search ResultsShowing 1 - 10 of 100+ results for "Life insurance"
Adviser association rebrands, grows membership
KARREN VERGARA  |  THURSDAY, 18 JUL 2019
... to grow its membership to 2500 advocating for several reforms in the advice sector. Formerly known as the Life Insurance Customer Group, UFAA recently rebranded and decided to cease lobbying for two months in anticipation of the recent Federal ...
ASIC moves to ban direct life cold calling
HARRISON WORLEY  |  THURSDAY, 18 JUL 2019
... its recent report into the design and sale of consumer credit insurance and its scathing 2018 report of direct life insurance . As part of its comments on the direct life report, ASIC said it intended to restrict outbound sales of life and funeral ...
NEOS grows sales teams
KARREN VERGARA  |  WEDNESDAY, 17 JUL 2019
... a team of industry experts who we can confidently say are the best at what they do in Australia." The life insurance distributor has made a string of appointments since launching and upgraded its risk-only superannuation product. It ...
OnePath receives first Life Code sanction
JAMIE WILLIAMSON  |  WEDNESDAY, 17 JUL 2019
... one non-financed payment option - such as monthly direct debit - where it offers a consumer credit insurance Life Insurance Policy as an add-on to a loan with the option of paying the premium through the loan. OnePath did not offer a non-financed ...
AMP Life sale blocked
JAMIE WILLIAMSON  |  MONDAY, 15 JUL 2019
AMP has confirmed the sale of its life insurance business to Resolution Life is highly unlikely to go ahead. The institution said the sale of AMP Life is highly unlikely to proceed on the current terms do to challenges in meeting the condition ...
ASIC slams consumer credit failures
HARRISON WORLEY  |  FRIDAY, 12 JUL 2019
... phone. The practice has come under scrutiny recently, after the Royal Commission and ASIC's review of direct life insurance revealed issues emanating from the outbound sale of life insurance. ASIC said it expected lenders and insurers to design ...
Industry fund to increase premiums
KARREN VERGARA  |  MONDAY, 8 JUL 2019
... premiums for death and TPD, and death only cover by 10%. The new fee structure, which was reviewed with life insurance partner TAL, formed part of the new PYS legislation. However, the super fund said it made improvements simultaneously. TPD ...
ASIC boosts AFSL application requirements
HARRISON WORLEY  |  MONDAY, 8 JUL 2019
... for monitoring supervision and training of representatives and a risk management statement. Life insurers and life insurance underwriters will need to provide the corporate regulator with a life insurance capacity statement and underwriting agency ...
KPMG names life insurance lead
KARREN VERGARA  |  WEDNESDAY, 3 JUL 2019
KPMG has appointed a life insurance lead partner who previously held executive roles at AMP and Challenger. Pauline Blight-Johnston joins the consulting firm's actuarial and financial risk practice on October 8. She was most recently general ...
AMP Life appoints temporary investment chief
KANIKA SOOD  |  MONDAY, 1 JUL 2019
... the sale agreement in October, our financial results have reinforced that AMP is not the best owner of a life insurance business with higher capital requirements and earnings volatility." "Indeed, the recent sale of many major life insurance ...
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