Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 61 - 70 of 211 results for %22Life Insurance Framework%22

Ten stories that defined the Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 19 DEC 2018
... January this year, said he didn't underestimate the magnitude of turning the bank's culture around. Freedom sold life insurance to intellectually disabled man September saw Freedom Insurance shock Australia when the Royal Commission revealed the firm ...

Complainants most satisfied with life insurers

KARREN VERGARA  |  TUESDAY, 11 DEC 2018
Complaints staff of life insurance companies are the most helpful when it comes to resolving customer disputes, ASIC has found. The regulator documented consumers' complaints journey across financial services and life insurance to find staff of ...

APRA takes action against IOOF

HARRISON WORLEY  |  FRIDAY, 7 DEC 2018
... assess the various options available to it. ANZ clarified it was still working towards separating OnePath's life insurance business from its pensions and investments arm, and the planned sale of the life arm to Zurich would not be affected. "Given ...

Freedom ditches life insurance sales

KARREN VERGARA  |  THURSDAY, 6 DEC 2018
Freedom Insurance Group announced it will stop selling life insurance products and alerted shareholders of the likelihood it will face a liquidity crisis next year. The board of the embattled insurer has decided to search for alternative business models ...

Super pool ripe for adviser picking

JAMIE WILLIAMSON  |  THURSDAY, 29 NOV 2018
... expand the scope of their advice to combat pressures put upon them by regulatory reforms such as the Life Insurance Framework. "This is doubly important because it's only a matter of time before there are renewed calls to ban insurance commissions ...

Vamos joins embattled insurer

JAMIE WILLIAMSON  |  MONDAY, 12 NOV 2018
... week, Vamos will assume the role of chair. Freedom said her appointment will bring highly relevant experience in life insurance, regulatory, compliance and risk frameworks and governance. Vamos is the former chief executive of the Association of Superannuation ...

Treasury delays CIPR timetable

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... get them over the line before the end of November. The Protecting Your Super reform is one, which is pushing for life insurance on an opt-in basis for young members under 25 and low balances or inactive accounts. The new legislation also aims to empower ...

More risk advisers offloading practices

KARREN VERGARA  |  WEDNESDAY, 29 AUG 2018
Pressures of the Royal Commission, the Life Insurance Framework and educational reforms are prompting risk advisers to hurriedly sell their practices at discount prices, a merger and acquisitions expert says. Radar Results principal John Birt said there ...

Group insurers pressed for resources

KANIKA SOOD  |  MONDAY, 30 JUL 2018
... MLC Life Insurance's David Hackett. In May's Federal Budget, the Government said by 1 July 2019, group life insurance will move from a default framework to an opt-in extra for those with balances less than $6000, accounts that haven't received ...

Disability income insurance an ongoing concern: APRA

KARREN VERGARA  |  TUESDAY, 10 JUL 2018
Disability income insurance (DII) continues to be a loss-making venture for life insurers as the prudential regulator undertakes a comprehensive review of its sustainability, pricing and the actual benefits delivered to policyholders. Otherwise known ...