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Showing 851 - 860 of 2305 results for "Life Insurance"

AMP defaulted members as smokers: Royal Commission

KARREN VERGARA  |  MONDAY, 17 SEP 2018
... super fund but remaining with the super fund provider and moved to a different product. If the member has default life insurance cover, premiums charged would consequently change. Members fall into one of the following categories: non-smoker, delinked ...

CommInsure misled FOS: Royal Commission

KARREN VERGARA  |  THURSDAY, 13 SEP 2018
... process, the Royal Commission heard yesterday afternoon. Counsel assisting Rowena Orr turned her focus to CBA's life insurance subsidiaries CommInsure and Colonial Mutual Life Assurance (CMLA), with executive general manager Helen Troup representing ...

Freedom sold life insurance to intellectually disabled man: Royal Commission

HARRISON WORLEY  |  WEDNESDAY, 12 SEP 2018
Freedom Insurance sold life insurance to an intellectually disabled man, and only cancelled the policy after several instances of correspondence with his family, the Royal Commission heard yesterday. Giving testimony at the second day of life insurance ...

ClearView breached anti-hawking law 300k times

KARREN VERGARA  |  MONDAY, 10 SEP 2018
The sixth round of the financial services Royal Commission heard ClearView's direct life insurance business breached anti-hawking provisions up to 303,000 times. The figure has ballooned from the 278,664 originally reported to the Commission, according ...

Life insurers admit to misconduct: Royal Commission

HARRISON WORLEY  |  MONDAY, 10 SEP 2018
This morning the Royal Commission heard about instances of misconduct in the life insurance industry and where conduct fell below community standards and expectations. Opening the sixth round of Royal Commission hearings, counsel assisting Rowena Orr ...

Insurance in super code weak: ASIC

KARREN VERGARA  |  MONDAY, 10 SEP 2018
... voluntary code of practice nine months ago. Over 2017-18, ASIC reviewed 47 superannuation trustees, which included 11 life insurance providers. From the outset, there was "a very high level of variation" in TPD definitions used in the insurance products ...

Life insurer undertakes strategic review

JAMIE WILLIAMSON  |  THURSDAY, 6 SEP 2018
... Insurance Group said the decision to assess its options was spurred by the release of ASIC's review into direct life insurance last week. ASIC's review found sales practices and products that offer little to no value are leading to poor consumer outcomes ...

Integrity Life expands senior team

KARREN VERGARA  |  TUESDAY, 4 SEP 2018
... ClearView Wealth as head of operations, McCrea brings 25 years' of experience in financial services - predominantly in life insurance. McCrea joined ClearView Wealth in August 2012, starting off as a manager of underwriting operations and technology. ...

FSC responds to direct life insurance findings

KARREN VERGARA  |  FRIDAY, 31 AUG 2018
... insurers that led to poor consumers outcomes. In response to the report ASIC handed down yesterday, the FSC said its Life Insurance Code of Practice has "lifted the bar" in the industry but concedes "there is still room for improvement." The FSC rolled ...

Direct life insurance failing consumers: ASIC

KARREN VERGARA  |  THURSDAY, 30 AUG 2018
A comprehensive ASIC review of direct life insurance found sales practices and products that offer little to no value are leading to poor consumer outcomes. The practises of 11 life insurance providers selling direct-to-customers were examined and included ...