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Showing 651 - 660 of 2305 results for "life insurance"

CBA finalises CommInsure sale

ELIZA BAVIN  |  FRIDAY, 1 NOV 2019
Commonwealth Bank has completed the divestment of its life insurance business to AIA Australia, which includes a 25-year joint co-operation agreement. After more than two years of negotiations, CBA said it has received an upfront payment of $500 million ...

Growing advice group in commissions fight

ELIZABETH MCARTHUR  |  THURSDAY, 24 OCT 2019
A relatively new advice association has picked up members at a rapid pace as it takes up the fight to retain life insurance commissions. The United Financial Advisers Association (UFAA) now has over 4000 members after launching just a few months ago. ...

FSC restructures, bolsters policy team

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
... Michael Potter in the role of senior policy manager, economics and tax. Nick Kirwan is in the role of policy manager, life insurance and Jane Macnamara is the senior policy manager for superannuation and retirement incomes. Zach Castles is policy manager ...

AFA calls for clarity on ethics code

ELIZABETH MCARTHUR  |  WEDNESDAY, 23 OCT 2019
... is possible, when the Corporations Act only requires conflicts to be managed, and the law specifically permits life insurance commissions and other conflicted arrangements, that FASEA could issue a Code of Ethics, that is binding on all financial advisers ...

Whistleblower calls out approved product lies

ELIZA BAVIN  |  WEDNESDAY, 23 OCT 2019
... of the 12 retail life insurers regulated by the Australian Prudential Regulation Authority. "Heavily restricted life insurance APLs are still the norm and not even heat from the recent Financial Services Royal Commission has been enough to compel them ...

ASIC nudges robo-adviser to shutter

ELIZABETH MCARTHUR  |  FRIDAY, 18 OCT 2019
... authorised to provide financial advice to consumers. Plenty Wealth was an online tool with a focus on budgeting, life insurance reviews, tax and investment and superannuation recommendations. Plenty Plus provided advice on the establishment of self-managed ...

TPD riddled with issues: ASIC

ELIZA BAVIN  |  THURSDAY, 17 OCT 2019
... "The 2018 data tells a very different story and ASIC's report serves to highlight the substantial progress the life insurance industry has made in the last couple of years. KPMG on behalf of the FSC collect TPD claims data every six months and we know ...

Life industry steps toward trust

HARRISON WORLEY  |  FRIDAY, 11 OCT 2019
Two industry groups have partnered to create a new life insurance standards framework. The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) and the Life Insurance Professional Standards Working Group (LIPSWG) have come together ...

MLC Life appoints group insurance executive

JAMIE WILLIAMSON  |  TUESDAY, 8 OCT 2019
MLC Life Insurance has appointed an executive lead to its group insurance business, recruiting from NSW Treasury. Andrea Forbes has joined MLC Life as executive lead - relationship management, group insurance. She joins from NSW Treasury where she was ...

Mental health tops TPD claims

HARRISON WORLEY  |  TUESDAY, 8 OCT 2019
... caused by mental health conditions than any other kind of condition, according to the latest six-monthly analysis of life insurance data collected by the Financial Services Council and KPMG. The FSC claims the data collection initiative is "unsurpassed ...