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| | ... Trustees will be required to strengthen arrangements to protect members from potential adverse outcomes caused by conflicted life insurance arrangements. This will include ongoing reviews of insurance arrangements and how they benefit members. Trustees ... |
| | | ... updated its 2020-21 Cost Recovery Implementation Statement, which lays out how much it recovers from the superannuation, life insurance and financial services sectors it regulates. Licensees that provide personal advice to retail clients will pay a fixed ... |
| | | Two senior appointments have been made to the life insurer's retail distribution team as part of its increased focus on supporting financial advisers. MLC Life has appointed a head of retail distribution governance and key accounts as well as a senior ... |
| | | The research and analytics 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 ... |
| | | ... reforms without disrupting an adviser's ability to quote and apply for life insurance cover on behalf of clients, the life insurer said. MetLife has introduced a straight 70% replacement of income - up to $30,000 per month without income tiering and ... |
| | | The life insurer appointed a general manager, product and proposition, hiring from MetLife. Gary Bailison has been appointed to the newly created role after spending the last six years at MetLife. He was most recently chief transformation officer and ... |
| | | MLC Life has been handed a new group insurance mandate from a retail superannuation provider. Going forward, MLC Life will provide group insurance cover to members of GROW Super, Superhero, the Allan Gray Superannuation Fund and several others after ... |
| | | ... Ross Piper said the fund has always had a competitive insurance product and been able to work with its insurer, Hannover Life Re, to sharpen several elements of the product. "From a belief system world view, and you can't generalise, but you're less ... |
| | | ... stressed that two core capabilities in insurance - claims management and underwriting - are lacking on the boards of major life insurers, likely leading to poor claims experience. "Irrespective of their domain skills, directors need to have the capability ... |
| | | ... Synchron director Don Trapnell said these proposals make sense but called into question the trustworthiness of the FSC after the Life Insurance Framework (LIF), which the FSC played a key part in. "However, and this is perhaps more of a problem than ... |
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