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Showing 501 - 510 of 2304 results for "Life insurance"

Legacy AMP Life policyholders take premium hit

ELIZABETH MCARTHUR  |  FRIDAY, 23 OCT 2020
... affordability reviews." The spokesperson said AMP Life is committed to aligning itself with APRA's directive that the life insurance industry should offer more sustainable, financially resilient products. APRA said in January that the viability of ...

ClearView seeks to raise at least $40m

ELIZA BAVIN  |  WEDNESDAY, 21 OCT 2020
... of the COVID-19 pandemic. The decline in profitability was driven by poor underlying claims performance in its life insurance segment, reflecting a loss of around $12.5 million. ClearView said the result should be viewed in light of broader industry ...

The case for an overhaul of advice: Rice Warner, FSC

ANNABELLE DICKSON  |  TUESDAY, 20 OCT 2020
... separated into either simple or complex advice. Simple personal advice is advice that deals with superannuation, life insurance, debt and budgeting and whereas complex personal advice specifically includes more complex and or risky products or topics. ...

QSuper head of advice exits

KARREN VERGARA  |  TUESDAY, 20 OCT 2020
... Hughes was the chief of member support and advice, and head of product and service for the fund. She helped run the life insurance business, call centre and operations divisions, and drive product and service strategy. Hughes has also worked in senior ...

APRA, ASIC release life insurance stats

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
APRA and ASIC have published the latest data on life insurance claims and disputes, demonstrating the difference financial advisers make when it comes to TPD and trauma claims. ASIC's MoneySmart life insurance claims comparison tool has been updated ...

BT cuts Wealth Connect

ALLY SELBY  |  FRIDAY, 16 OCT 2020
... investments and insurance businesses. BT's Wealth Connect team provides general financial product advice and deals in life insurance, managed funds and managed investment schemes; platforms, wraps and portfolio services; retirement savings accounts ...

Pandemic batters life insurers

KARREN VERGARA  |  THURSDAY, 15 OCT 2020
... billion from the books of life insurers and triggered a spike in claims, according to new research. KPMG's 2020 Life insurance insights reveals close to half of the firms it analysed are making a loss. Retail disability income received the biggest ...

Level premiums to remain

ANNABELLE DICKSON  |  THURSDAY, 15 OCT 2020
... premiums will continue to exist. Speaking on a panel at the Association of Financial Advisers Conference, MLC chief of life insurance Sean McCormack said he doesn't believe APRA's changes will represent the "death knell" of level premiums as Australians ...

Stephen Jones admits to anti-life insurance bias

ELIZABETH MCARTHUR  |  THURSDAY, 15 OCT 2020
... financial services Stephen Jones outlined Labor's vision for financial advice and admitted to apprehension on life insurance. Jones said, referring to the ASIC review of the life insurance industry that is currently ongoing, that he is going in to ...

Hostplus freezes premiums

ELIZABETH MCARTHUR  |  WEDNESDAY, 14 OCT 2020
As life insurance premiums continue to soar, industry fund Hostplus has managed to negotiate a premium freeze for members. The $48 billion super fund has secured a three-year freeze, which will maintain the current rate of death and total and permanent ...