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Showing 621 - 630 of 2305 results for "life insurance"

FPA supports tightening insurance claims

ELIZABETH MCARTHUR  |  MONDAY, 13 JAN 2020
... regulations to make insurance claims handling a financial service, detailed several ways in which advice in relation to life insurance and the claims handling process could be tightened up. The FPA supports the Royal Commission's recommendation 4.8 ...

ASIC claims to support robo-advice

ELIZABETH MCARTHUR  |  FRIDAY, 10 JAN 2020
... discuss proposed models for robo-advice covering risk profiling and investment advice, superannuation strategies, life insurance, self-managed super fund establishment and holistic advice. "Different types of digital advice models face different challenges ...

FSC, super sector steps up for bushfire affected

HARRISON WORLEY  |  WEDNESDAY, 8 JAN 2020
... Financial Services Council launched a tool to help bushfire affected Australians and their beneficiaries locate life insurance policies in the event they cannot find or remember their policy details in the aftermath of the disaster. Speaking with Financial ...

MLC Life Insurance under review

ELIZA BAVIN  |  TUESDAY, 7 JAN 2020
Australia's life insurance industry is facing deteriorating profitability in relation to income protection products, according to MLC Life Insurance owner Nippon Life. The Japan-based majority shareholder of MLC Life purchased the business off National ...

YBR exits wealth, sells for $2.5 million

ELIZABETH MCARTHUR  |  MONDAY, 6 JAN 2020
... $2.5 million. YBR Wealth's share of rights to the recurring revenue streams derived from its wealth advice and life insurance distribution businesses has been sold to Interprac, a wholly owned subsidiary of Sequoia Group. The sale will mean current YBR ...

What you read in 2019: Financial advice

JAMIE WILLIAMSON  |  THURSDAY, 19 DEC 2019
... with many heading for the exit. We've seen the banning of grandfathered commissions and continued reduction in life insurance commissions. We've seen major increases to compliance requirements imposed upon practices, making it more difficult ...

MLC Life loses super fund mandate

KANIKA SOOD  |  MONDAY, 16 DEC 2019
An $8.5 billion corporate superannuation fund has swapped out MLC Life Insurance for another provider after eight years. Qantas Super will now use OnePath Life as its insurance partner, with an expected start date of 1 July 2020. The fund started to ...

ASIC urges improved insurance outcomes

ELIZA BAVIN  |  FRIDAY, 13 DEC 2019
ASIC has called on the superannuation industry to improve consumer outcomes in relation to life insurance provided through superannuation. In the new report, titled Insurance in superannuation: Industry implementation of the Voluntary Code of Practice ...

Practice profitability at risk: MLC Life

JAMIE WILLIAMSON  |  FRIDAY, 13 DEC 2019
Risk advisers will need to reduce their expenses by up to 25% to remain profitable as further Life Insurance Framework changes come into effect on January 1. New research commissioned by MLC Life shows commission-only financial advisers - particularly ...

SCA drags AMP over claim delays

ALLY SELBY  |  TUESDAY, 10 DEC 2019
... criticising the wealth giant for significant delays in its "abhorrent" handling of group insurance claims. Citing APRA's Life Insurance Claims and Disputes data released in June this year, the people's advocate in the superannuation sector lashed out ...