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Showing 1261 - 1270 of 2326 results for "life insurance"

Life Insurance Code targets self-regulation

MARK SMITH  |  TUESDAY, 11 OCT 2016
... have the ability to sanction insurers who do not comply with a new set of standards laid out in an industry-wide Life Insurance Code of Practice produced by the Financial Services Council (FSC). The new code, released today, goes beyond what is required ...

LIF to be introduced this week

MARK SMITH  |  MONDAY, 10 OCT 2016
The legislation for the Life Insurance Framework will be formally introduced into parliament this week, the Minister for Revenue and Financial Services Kelly O'Dwyer has confirmed. Responding to questions from industry journalists at the AFA National ...

Bravura hires product manager from BT

MARK SMITH  |  MONDAY, 10 OCT 2016
Software provider Bravura Solutions has expanded its APAC team with the appointment of a product manager for life insurance. David Loader joins Bravura from BT Financial Group where he held various senior product management roles within the retail life ...

Industry bodies united on group insurance

JAMIE WILLIAMSON  |  MONDAY, 10 OCT 2016
On the eve of the Financial Services Council publishing its Life Insurance Code of Practice, industry bodies have collectively reinforced their beliefs on the purpose of group insurance in superannuation. The Association of Superannuation Funds of Australia ...

Insurance reforms get member support

MARK SMITH  |  FRIDAY, 7 OCT 2016
... approval to the proposed reforms to the life risk industry, after a motion calling for removal of support of the Life Insurance Framework received little support in a vote. The special resolution fell well short of the votes needed to bring about a change ...

Adviser reform about recovering social licence

MARK SMITH  |  THURSDAY, 6 OCT 2016
... AFA's annual conference. Risk adviser Dave Slovinec, group risk specialist Terry Rhodes, BT Financial national life insurance product manager Scott Moffitt, former AFA chief executive Richard Klipin, FOS lead ombudsman investments and advice June Smith ...

Advisers urged to meet challenges together

DARREN SNYDER  |  THURSDAY, 6 OCT 2016
... vice-president Jenny Brown each used their opening addresses, ahead of an extraordinary general meeting triggered by Life Insurance Framework opponents within the AFA membership, to remind delegates that change and adaption have always been a part of ...

Adviser commission reforms pushed back

JAMIE WILLIAMSON  |  WEDNESDAY, 5 OCT 2016
The start date to phase down risk commissions is deferred and the Life Insurance Framework (LIF) will apply to all channels of financial advice, Kelly O'Dwyer has confirmed. The Minister for Revenue and Financial Services said the phasing down will ...

NAB and Nippon Life complete sale

DARREN SNYDER  |  TUESDAY, 4 OCT 2016
A $2.4 billion sale of National Australia Bank's life insurance business to Nippon Life was finalised yesterday. Following the sale NAB said its MLC Life Insurance business would see changes to the board of parent entity, MLC Limited. Joining the MLC ...

CommInsure under fire again

JAMIE WILLIAMSON  |  TUESDAY, 4 OCT 2016
The Commonwealth Bank has released an update on the ongoing independent review into its life insurance division CommInsure, following further accusations of misconduct. The review findings show the bank has retrieved and revised over five million documents ...