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Showing 661 - 670 of 2305 results for "life insurance"

CommInsure charged over hawking

HARRISON WORLEY  |  FRIDAY, 4 OCT 2019
CommInsure has been charged with 87 counts of making unsolicited telephone calls to sell life insurance, and faces up to $1.8 million in penalties. ASIC is alleging the Commonwealth Bank subsidiary unlawfully sold life insurance policies over the phone ...

Advice associations slammed

JAMIE WILLIAMSON  |  THURSDAY, 3 OCT 2019
... labelling them conflicted and driven by self-interest. The United Financial Advisers Association (formerly known as the Life Insurance Consumer Group) has attacked the key financial advice bodies in a scathing open letter detailing the concerns raised ...

Return to the mutual model: Expert

ELIZABETH MCARTHUR  |  THURSDAY, 3 OCT 2019
... failures of history, there is hope for the future of financial services with a modern-day adaption of the mutual life insurance model to restore much-needed certainty, trust and confidence to the insurance sector," Daniels said. He explained that for ...

Bennelong boutique scores first insto mandate

KANIKA SOOD  |  THURSDAY, 26 SEP 2019
... managers such as Quay." Avant Mutual provides insurance to medical professionals, including indemnity insurance, and life insurance products that are issued through NobleOak. Quay was founded in 2013 by Justin Blaess, who left Deutsche's real estate ...

Super Consumers Australia launches, slams MySuper products

KRISTI CHENG  |  WEDNESDAY, 25 SEP 2019
... five-person team, it said, is ensuring people do not end up in underperforming funds and improving the quality of life insurance policies offered through superannuation. Australia currently has four major superannuation industry lobby groups representing ...

Senate secures members' interest changes

HARRISON WORLEY  |  FRIDAY, 20 SEP 2019
... government's determination to put members' interests before those who service the industry, including the life insurance industry. Reaction to the bill's passage was mixed. The peak body for industry super, Industry Super Australia (ISA) ...

Support staff should meet FASEA standards

ELIZABETH MCARTHUR  |  FRIDAY, 20 SEP 2019
... working in advice should read the 100 pages of the Royal Commission report that apply to advice. When it comes to life insurance advice, Ashenden explained Commissioner Kenneth Hayne's recommendation that ASIC is due to review life insurance advice in ...

Integrity Life launches lifetime discount offer

ELIZA BAVIN  |  THURSDAY, 19 SEP 2019
... discount for the lifetime of a policy across its lump sum products, designed to ensure sustainable pricing for its life insurance products. The insurer said the move strongly aligns with the best interests of financial advisers and consumers. "The financial ...

Licensee faces hefty remediation bill

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 SEP 2019
... remediation bill for $730,000. ClearView's review and remediation program for over 200 clients who received poor life insurance advice resulted in the figure. ASIC said ClearView's compliance review saw ClearView look at 4,269 advice files from ...

One regulatory regime enough: FSC

HARRISON WORLEY  |  FRIDAY, 13 SEP 2019
... said. Separately, the council went on the record this week to support extending the unfair contract terms regime to life insurance but has stipulated adjustments should be made to allow the long term nature of life insurance contracts to continue. Loane ...