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Showing 771 - 780 of 2303 results for "Life Insurance"

Group insurance reforms to be tabled

JAMIE WILLIAMSON  |  WEDNESDAY, 20 FEB 2019
Legislative reforms that will see group life insurance offered to under-25 year olds and those with low account balances on an opt-in basis will be tabled in Parliament today. The Treasury Laws Amendment (Putting Members' Interests First) Bill 2019 ...

Royal Commission recommendations split industry

KARREN VERGARA  |  MONDAY, 18 FEB 2019
... sweeping changes to current operating models in the financial services market - reshaping the financial advice, life insurance and superannuation sectors, and the distribution model for retail credit," EY wrote in its Where to next report. The recommendations ...

Government carves out super deal

HARRISON WORLEY  |  FRIDAY, 15 FEB 2019
... was lost. The move now ensures younger workers will continue to be required to specifically opt out of paying for life insurance with their retirement savings. Commenting on the Senate's amendments to the bill, the Association of Superannuation Funds ...

Royal Commission to disrupt product distribution: Roy Morgan

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... sold this way. Financial advisers and insurance brokers are also expected to be hit, with about 24% of risk and life insurance sold through them. Advisers also account for about 32% of the distribution of superannuation products. Roy Morgan industry ...

Freedom Insurance suspends trading

KARREN VERGARA  |  THURSDAY, 7 FEB 2019
... bruising appearance at the Royal Commission, Freedom announced it will overhaul its business model and stop selling life insurance products. It warned shareholders it will likely face a liquidity crisis in 2019. The board of the embattled insurer decided ...

Synchron slams RC on commissions

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
... push to its current 20-60% commission caps on sale of life risk insurance products to zero when it reviews the Life Insurance Framework in 2021, unless "there is a clear justification to keep them". Trapnell says Synchron will approach the Government ...

CBA posts $4.6b in profits, dividend flat

KANIKA SOOD  |  WEDNESDAY, 6 FEB 2019
Commonwealth Bank's profits fell more than 6% to $4.6 billion in the first-half of FY19 and the bank kept its interim dividend at $2 per share. The $4.6 billion NPAT includes discontinued operations: CommInsure Life, CFSGAM and Sovereign. The cash ...

Australians prioritise car cover over life insurance

KARREN VERGARA  |  WEDNESDAY, 6 FEB 2019
... of Australians (71%) have a car policy in place, while less than a third (31%) will make an effort to take out life insurance, comparison website Finder found in its latest survey. Of the total 2013 participants who do not have a life insurance policy ...

Superannuation to face BEAR: Hayne

KARREN VERGARA  |  TUESDAY, 5 FEB 2019
... APRA." He's also calling for the BEAR to apply to all APRA-regulated insurers to ensure better accountability of life insurance executives. APRA commented that many of the recommendations are consistent with submissions it made to the Commission. ...

Life risk commissions must also go: Hayne

KANIKA SOOD  |  MONDAY, 4 FEB 2019
Commissioner Kenneth Hayne has recommended ASIC ultimately whittle down the commissions on life insurance products to zero unless there is a clear justification to keep them. On 1 January 2018, advisers' upfront commission for implementing a life ...