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Showing 11 - 20 of 113 results for "Retail Life"

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... the manipulation of advice, claims there is no reasonable basis to exclude from advice consideration any of the 12 retail life insurers regulated by the Australian Prudential Regulation Authority. "Heavily restricted life insurance APLs are still the ...

Licensee faces hefty remediation bill

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 SEP 2019
... practice and individual level." ASIC first identified non-compliant advice at ClearView during an industry-wide review of retail life insurance in 2014. Broad areas of concern were highlighted by the regulator at the time - including inadequate needs ...

TAL restructures retail arm, announces job cuts

KARREN VERGARA  |  TUESDAY, 7 MAY 2019
... financial advisers or customers on existing Asteron or TAL policies. "We remain committed to ensuring the Asteron retail life insurance products remain relevant and up to date post-1 July 2019 for existing Asteron customers, in the same way we do for ...

ClearView defends risk advice commissions

KARREN VERGARA  |  TUESDAY, 26 MAR 2019
... wants the APLs of life insurance products to be banned and for financial advisers to access 10 or so APRA-regulated retail life insurers. "APLs are not recognised by law. They are an artificial construct developed by vertically-integrated institutions ...

New life insurer is RC good news story

HARRISON WORLEY  |  THURSDAY, 7 MAR 2019
... with really little time to actually focus on what's important, and that's customers." Launched this week, Integrity's retail life insurance offering is modular, with new systems which are designed to allow advisers to quote with upfront certainty of ...

NEOS Life expands to the west coast

KARREN VERGARA  |  WEDNESDAY, 23 JAN 2019
Retail life insurance provider NEOS Life is expanding in Western Australia with the help of three former AIA Australia staff. Reon Botha will lead the Western Australian sales team as state manager. He joined from AIA Australia where he was a senior ...

Centrepoint pulls out of NEOS Life

JAMIE WILLIAMSON  |  THURSDAY, 13 DEC 2018
... announcing the divestment, Benbow said the new strategy is not focused on product solutions like NEOS Life - a provider of retail life insurance products, issued by NobleOak. "As such, while the company's investment was appropriate to the former strategy ...

MetLife expands retail arm

KARREN VERGARA  |  WEDNESDAY, 21 NOV 2018
... senior sales manager for Victoria and Tasmania, and Charle Howard as a strategic account manager. MetLife entered the retail life insurance market in early 2018, appointing Lippiatt to lead the division.

Foreign owners take over life insurance: KPMG

KARREN VERGARA  |  TUESDAY, 21 AUG 2018
... stable, long-term profitability. KPMG recommended a "fundamental rethink" by redesigning key product features. Overall, retail life insurance drove the substantial increase in profitability in the 2017 financial year, KPMG said, while group insurance ...

Zurich names executive lineup for new business

KANIKA SOOD  |  WEDNESDAY, 8 AUG 2018
... executive Jack Howell, said the announcement was another major milestone on Zurich's journey to become Australia's leading retail life insurer. "Our acquisition of the OnePath Life business reflects both our commitment to the Australian life insurance ...