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Showing 151 - 160 of 824 results for %22Individual Life%22

Actuaries Institute unveils IDII recommendations

KARREN VERGARA  |  MONDAY, 24 MAY 2021
The Actuaries Institute has released sweeping recommendations to help fix the individual disability income insurance (IDII) sector that is currently at "risk of failure". The final recommendations follow a 12 month-review, led by an appointed Actuaries ...

APRA extends IDII overhaul deadline

KARREN VERGARA  |  THURSDAY, 13 MAY 2021
APRA has given life insurers another year to have the policy contract term measure for individual disability income insurance (IDII) in full force by 1 October 2022. The prudential regulator has acknowledged the challenges life insurers are facing ...

More flexibility for retirees

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
The government has introduced more flexibility for older Australians by abolishing the work test, extending access to downsizer contributions and improving the Pension Loan Scheme. From 1 July 2022, those aged between 67-years-old and 74-years-old will ...

Retirees freed from legacy products

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... products without penalty under a new measure. The government is introducing a two-year amnesty for individuals in market-linked, life-expectancy, lifetime pension and annuity products from any provider which were commenced prior to 20 September 2007 ...

MAX finalists named, voting open

JAMIE WILLIAMSON  |  FRIDAY, 7 MAY 2021
The finalists for the 16th annual Financial Standard MAX Awards have been announced, with voting now open until May 30. The Financial Standard MAX Awards highlight individuals, teams and organisations in the financial services industry excelling in ...

MLC Life hires general manager

KARREN VERGARA  |  TUESDAY, 4 MAY 2021
... is a part of the life insurance leadership team. Hinton was most recently the head of portfolio management for individual life at TAL where she oversaw the commercial performance of the retail and direct businesses. Her career to date spans customer ...

Adviser-led TPD claim admittance rates fall

KANIKA SOOD  |  TUESDAY, 20 APR 2021
... income insurance (DII) among others. It listed their admittance rates and claims paid out ratios for four channels (individual advised, individual non-advised, group super and group ordinary). For the individual advised channel, admittance rates stood ...

Mawhinney banned for 20 years

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
... allegedly marketed to wholesale, sophisticated investors Financial Standard has heard from many individuals who lost their life savings in Mayfair 101 investments. Many of these investors were under the impression that Mayfair debenture products were ...

MLC Life makes key appointments

ELIZABETH MCARTHUR  |  MONDAY, 19 APR 2021
MLC Life Insurance has made two senior appointments within its finance team, hiring from TAL and Integrity Life. Lesley Mamelok, who was formerly the acting chief executive of Integrity Life, has been appointed general manager, finance and deputy chief ...

Research reveals true value of advice

KARREN VERGARA  |  WEDNESDAY, 7 APR 2021
Unadvised Australians are open to receiving financial advice, according to an IOOF survey, which also highlighted the qualitative benefits that improve lifestyles and overall wellbeing. IOOF's The True Value of Advice report, which canvassed over ...