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Showing 411 - 420 of 2302 results for "life insurance"

Court orders new group definition in CBA advice class action

KANIKA SOOD  |  WEDNESDAY, 23 JUN 2021
Clients who claimed Commonwealth Bank financial advisers put them in expensive CMLA life insurance policies instead of cheaper alternatives have been asked to work to a new group definition. The group proceedings were filed by Diana Tyrrell and Edward ...

CBA offloads general insurance arm

ANNABELLE DICKSON  |  MONDAY, 21 JUN 2021
... letter to CommInsure policyholders to inform them of the intended transfer by way of a scheme under Part 9 of the Life Insurance Act The bank said it expects the ultimate completion of the divestment will occur via a statutory asset transfer in the second ...

MLC Life appoints claims chief

KARREN VERGARA  |  THURSDAY, 10 JUN 2021
MLC Life Insurance has appointed its new chief claims officer, who left QBE after more than 16 years with the insurer. On August 16, Andrew Beevors will take on the role of chief claims officer, reporting directly to chief executive Rodney Cook. Beevors ...

New chief operating officer at Zurich

KARREN VERGARA  |  WEDNESDAY, 9 JUN 2021
... executive Dion Russell commented: "We are absolutely thrilled to have someone of Gavin's calibre leading our board. His life insurance expertise, long history of leadership and strategic thinking make him the ideal person for this role to support and ...

Life Code Compliance Committee chair named

ANNABELLE DICKSON  |  TUESDAY, 8 JUN 2021
... The LCCC was established in 2017 and is the independent body responsible for overseeing compliance with the FSC Life Insurance Code of Practice. It is the industry's first consumer facing code designed to promote high standards of service and provide ...

Concern for consumers ahead of YFYS

ELIZABETH MCARTHUR  |  MONDAY, 7 JUN 2021
... workers will have one default fund that follows them from job to job. "Some total and permanent disability (TPD) and life insurance policies are industry or employer specific," Slater and Gordon practice group leader Sarah Snowden said. "A policy may ...

BT enhances LifeCENTRAL+

KARREN VERGARA  |  MONDAY, 7 JUN 2021
BT's LifeCENTRAL+ can now produce quotes for financial advisers wanting to alter life insurance policies for clients in less than 10 minutes. BT has introduced a new self-service functionality for advisers, providing a quote for the most commonly requested ...

Premiums to increase at ESSSuper

ELIZABETH MCARTHUR  |  FRIDAY, 4 JUN 2021
The $31 billion government fund has informed members that their life insurance premiums will be increasing. ESSSuper, the government fund for the emergency services based in Melbourne, informed members in its accumulation plan that the cost of death ...

AMP sued for charging dead clients

JAMIE WILLIAMSON  |  THURSDAY, 27 MAY 2021
... when the conduct occurred, but has since been acquired by Resolution Life. ASIC alleges the companies deducted life insurance premiums and financial advice fess from 2069 deceased customers' superannuation accounts despite being notified that the ...

Poor financial literacy failing young workers

KARREN VERGARA  |  TUESDAY, 25 MAY 2021
... know if they are receiving the right SG contributions. Only a minority (10%) make extra contributions. In terms of life insurance, less than half (42%) would consider insurance if they found themselves unexpectedly unable to work. The survey also reveals ...