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Showing 321 - 330 of 2177 results for "Insurer"

New relief for reissued life policies

KARREN VERGARA  |  MONDAY, 20 MAR 2023
ASIC is providing life insurers a conditional relief that will last five years in circumstances where a policy needs to be reissued. The conditional relief pertains to Design and Distribution Obligations for financial products issued before 5 October ...

NEOS named Life Company of the Year

CHLOE WALKER  |  FRIDAY, 17 MAR 2023
NEOS Life has taken home the top prize at the Association of Financial Advisers' Life Company of the Year awards, with TAL and MetLife named runners up. The win for NEOS Life marks the first time in five years that the top gong hasn't gone to TAL. Alongside ...

Rising interest rates tank life insurer performance

KARREN VERGARA  |  WEDNESDAY, 15 MAR 2023
While Australia's life insurance industry grew steadily in the last year to $17.9 billion, its profits copped a beating from rising interest rates. Plan For Life's latest research shows that inflows rose by 3.4% in the year to September 2022. TAL continues ...

CareSuper changes TPD definition, extends cover

ANDREW MCKEAN  |  TUESDAY, 14 MAR 2023
... change to the definition of total and permanent disablement (TPD), impacting members who file a claim. CareSuper said its insurer MetLife has made the definition change. Under the current definition, individuals are eligible for TPD cover if they're ...

CALI hires policy director from FPA

KARREN VERGARA  |  TUESDAY, 14 MAR 2023
The Council of Australian Life Insurers has welcomed the former policy head of the Financial Planning Association of Australia to its leadership ranks. Ben Marshan will join CALI on March 27 as director of policy and industry affairs, following an announcement ...

TAL offloads dealer group to CountPlus

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
ASX-listed firm CountPlus will acquire 75 financial advice practices that once belonged to TAL. CountPlus will pay $3.373 million for Affinia Financial Advisers and have about 400 advisers and $16.8 billion in funds under advice once the deal completes. ...

APRA preserves life insurance prudential standards

KARREN VERGARA  |  FRIDAY, 10 MAR 2023
APRA will maintain four life insurance prudential standards following a brief consultation period. The prudential regulator flagged it was relatively satisfied with four prudential standards - Prudential Standard LPS 100 Solvency Standard; Prudential ...

Advice complaints decelerate: AFCA

KARREN VERGARA  |  WEDNESDAY, 8 MAR 2023
... example, level premiums, how they operate and how they go up. Sometimes that sort of dispute might be against both the insurer and the adviser themselves," he said. Singh added that even good advisers can find themselves in a dispute. To minimise this ...

In need of repair: Gender stereotypes and advice

KARREN VERGARA  |  TUESDAY, 7 MAR 2023
... less in risky assets than men, are less confident in financial decisions and have lower literacy skills. A study by life insurer MetLife released in February found Australian women have lower financial literacy compared to men, putting them at risk of ...

Gender balance is smart economics: CEW

MICHELLE BALTAZAR  |  TUESDAY, 7 MAR 2023
The financial services and insurance industry ranks among the worst offenders on gender pay gap in the country and it's hurting the economy. The Workplace Gender Equality Agency (WGEA) found that women who work in financial services and insurance ...