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Showing 401 - 410 of 2305 results for "Life insurance"

ASIC consults on anti-hawking rules

KANIKA SOOD  |  THURSDAY, 22 JUL 2021
... ClearView. In 2019 it won a $700,000 penalty against CommInsure, after the firm plead guilty to 87 counts of unlawful life insurance hawking. In February 2018, an ASIC review of ClearView's sales calls found the insurer used unfair and high-pressure ...

UniSuper's O'Sullivan on what's next

KANIKA SOOD  |  MONDAY, 19 JUL 2021
... offer and staying away from mergers. O'Sullivan arrived at UniSuper in 2013, after a career that started as a life insurance actuary in his native country of Canada. He moved to Melbourne in 1990 for a consulting job with Towers Perrin. Later he ...

Allianz Retire+ chief steps down

ANNABELLE DICKSON  |  TUESDAY, 13 JUL 2021
Allianz Australia Life Insurance and Allianz Retire+ has announced the sudden departure of its chief executive Matthew Rady and appointed an interim replacement. Rady was first appointed in 2018 as the inaugural chief executive of Allianz Retire+ and ...

Insurers dodging Royal Commission reform

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... unsuitable add on insurance being sold to consumers. This extended to insurance within superannuation (including group life insurance). On 10 December2020, the government passed laws that introduced a deferred sales model with a four-day pause between ...

OnePath to remediate over pressure selling

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... due to poor telephone sales practices. Following an ASIC intervention and action, OnePath was found to have sold life insurance over the phone between 2010 and 2016 using pressure selling tactics. These tactics included promoting a deferral of the first ...

Advice engagement jumps during COVID-19

KARREN VERGARA  |  FRIDAY, 9 JUL 2021
... advice. Over 30% of advisers believe that COVID-19 has increased public awareness of their mortality and the need for life insurance. The majority (73%) of advised clients would think to call their advisers immediately in the event of an illness or accident ...

Lying rife in life insurance applications

ANNABELLE DICKSON  |  FRIDAY, 9 JUL 2021
Nearly 20% of Australians have lied on their life insurance application to get a cheaper policy, new research shows. Comparison site Finder's latest research revealed 3.8 million people have lied on their life insurance application. Men were found to ...

FSC launches DDO templates

ANNABELLE DICKSON  |  THURSDAY, 8 JUL 2021
... to launch two products ahead of the design and distribution obligations (DDO) regime. The FSC and members from life insurance, funds management and superannuation have collaborated templates for Target Market Determinations (TMDs) and industry data standards ...

AMP Life CIO moves to HESTA

ELIZABETH MCARTHUR  |  WEDNESDAY, 7 JUL 2021
... followed by a year as deputy chief investment officer at Resolution Life following the separation and sale of AMP's life insurance business. Before joining AMP Life, Brunton spent more than a decade in investment roles at AMP Capital and was also head ...

BT Super for Life ups insurance premiums

KANIKA SOOD  |  TUESDAY, 6 JUL 2021
BT Super for Life will increase the cost of its standard life insurance cover by 13.1% from August 1. The standard cover includes death and TPD. As an example, a 34-year-old male member of BT Super for Life previously paid $11.41 each month for one ...