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Showing 31 - 40 of 144 results for "Parliamentary Joint Committee"

Super fund redesigns insurance offering

HARRISON WORLEY  |  WEDNESDAY, 4 APR 2018
... comes as the life insurance industry faces pressure after the release of the final report by the Parliamentary Joint Committee on Corporations and Financial Services. The PJC believes in a single government-backed code administering the industry. Recent ...

PJC doubts life insurance industry can self-regulate

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
A Parliamentary Joint Committee on life insurance said it is "not convinced" the industry can sufficiently self-regulate and is recommending the co-regulatory approach foreshadowed by ASIC. In its final report, the PJC on Corporations and Financial ...

Life insurer definitions clashing: Regulators

KARREN VERGARA  |  TUESDAY, 14 NOV 2017
... instance by insurers. Kell flagged the importance of the project as a "significant priority" to the Parliamentary Joint Committee on Corporations and Financial Services on life insurance in October. "There's a lot of work that needs to take place within ...

ASIC adds life insurance to school curriculums

KARREN VERGARA AND JAMIE WILLIAMSON  |  THURSDAY, 28 SEP 2017
... classroom materials around Australia, ASIC deputy chair Peter Kell told the recent life insurance Parliamentary Joint Committee on Corporations and Financial Services. There tends to be a focus on educating students on general insurance products such ...

Group insurance inaction is "robbery": Inquiry

KARREN VERGARA  |  FRIDAY, 8 SEP 2017
... premiums is equivalent to theft, according to today's life insurance parliamentary inquiry. Senate Parliamentary Joint Committee on Corporations and Financial Services chair Steve Irons said the responsibility shouldn't fall solely on the individual ...

Complex operations leaving life customers confused

KARREN VERGARA  |  FRIDAY, 18 AUG 2017
... public hearing found. TAL group chief executive and managing director Brett Clark told the Senate Parliamentary Joint Committee on Corporations and Financial Services today how frustrating it is to modernise an industry that's facing greater legislative ...

Ripoll to help victims of rogue advice

JAMIE WILLIAMSON  |  MONDAY, 14 AUG 2017
... superannuation funds (SMSFs) and borrow money to buy off-the-plan property. Ripoll, who chaired the parliamentary joint committee on corporations and financial services, said the issue of remediating bad advice has been a passion of his for many years. ...

Life insurance industry rebuts need for greater reform

JAMIE WILLIAMSON  |  MONDAY, 6 MAR 2017
Some of the financial services industry's biggest players fronted the Parliamentary Joint Committee inquiry into life insurance on Friday. Financial Services Council chief executive Sally Loane faced the panel first, telling the Committee that any further ...

Landmark advice reforms pass Senate

EMMA RAPAPORT  |  FRIDAY, 10 FEB 2017
... concerns and creates certainty for members when discussing and recommending life insurance." The Parliamentary Joint Committee hearing into Life Insurance is due for report on 30 June 2017, offering individuals the chance to identify widespread issues ...

Insurance in super must be maintained: AIA

JAMIE WILLIAMSON  |  WEDNESDAY, 21 DEC 2016
... results for individuals, their families and the entire Australian community. In its submission to the Parliamentary Joint Committee on Corporations and Financial Services, AIA said life insurance inside superannuation plays a massive role in helping ...